If Facebook would like to stay relevant they need to adopt Ethereum or Bitcoin blockchain. dApps pose a serious threat to their business. Coming onto people’s radars is FaceCoin which intends to just do that.
Before twitter and Facebook be a subject put to rest, something similar to a swarm is required. FaceCoin addresses this challenge and makes it easy for users to own nodes and develop a sharded offchain swarm. Decentralized indexing using map reduce tech could solve a real scaling issue.
Many of the biggest names within the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have stepped into the world using intention to do business with blockchain technology of Ethereum. Thus far, no social network has been made on this network, though many have anticipated the arrival of specific things like FaceCoin. Those who are invested check this out as being a long-term play.
For approximately a decade theres been arguement that individuals need a decentralized, encrypted, peer-to-peer method of communication wherein each user physically and legally owns their data, and controls said rights with a public basis. No social solution satisfies these tenets yet, and there’s an empty niche for social network into the future in and distrupt the space.
Newsfeeds may be envisioned with a per-user basis if said user runs dedicated software which sorts and is the data to other users through their browser. For this idea to really be executed, there is a large gap to fill which FaceCoin is determined to fix. Tooling, simplicity, and clarity are apsects that matter.
FaceCoin developers believe that the success of the site depends upon the volume of individuals who own and use it. Development is surely an ongoing effort as well as the private beta has been in full swing for some time now. Why has Wall Street ever allowed a real threat to exist? If anyone really uses Facebook they are fully aware the amount of bull crap ones acting as government and taking your bank account financial resources are.
This is the game changer since its potential can be so big, many people will need it. They need a section in the ad pie as well as the businesses will need it also given it means more customers for them. Facebook is over $500 billion, if the platform existed and got even 10% of those users it will skyrocket not simply FaceCoin and also Ethereum as well as the fuel of tomorrow.
A very important factor is for sure, driving under the influence in early, you could be sitting pretty a few years down the road.
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