FaceCoin is taking on Facebook with decentralized social media
If Facebook wants to stay relevant they have to adopt Ethereum or Bitcoin blockchain. dApps pose a significant threat to their business. Coming onto people’s radars is FaceCoin which intends to just do that.
Before twitter and Facebook turn into a thing of the past, something similar to a swarm should be used. FaceCoin addresses this issue and allows users to perform nodes and create a sharded offchain swarm. Decentralized indexing using map reduce tech could solve a real scaling issue.
A number of the biggest names inside the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have entered the arena making use of their intention to utilize blockchain technology of Ethereum. Currently, no social media has been given for this network, though many have anticipated the arrival of things such as FaceCoin. People who find themselves invested understand this as being a long term play.
For around a decade theres been arguement that we need a decentralized, encrypted, peer-to-peer method of communication wherein each user physically and legally owns their data, and controls said rights over a public basis. No social solution satisfies these tenets yet, then there is a niche for facebook in the future in and distrupt the area.
Newsfeeds could be envisioned over a per-user basis if said user runs dedicated software which sorts and is the data with other users through their visitor. Just for this idea to be executed, there’s a large gap to fill which FaceCoin is established to resolve. Tooling, simplicity of use, and clarity are all apsects that matter.
FaceCoin developers think that the prosperity of the website is dependent upon the volume of individuals who own and utilize it. Development is surely an ongoing effort and also the private beta has been doing full swing for quite a while now. Why has Wall Street ever allowed a real threat to exist? If someone really uses Facebook they are fully aware the amount of a tale of them acting as larger and taking your pocket money is.
It is a game changer since it’s potential is really big, lots of people will want it. They really want a bit of the ad pie and also the businesses will want it also since it means more customers on their behalf. Facebook is over $500 billion, if it platform existed and got even 10% of the users it will skyrocket not just FaceCoin but also Ethereum and also the fuel of tomorrow.
One thing is for sure, if you achieve noisy ., you could be sitting pretty many years later on.
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