Function X, ERA of the Decentralized Internet

Function X, ERA of the Decentralized Internet

By Sodaf | lohladex | 23 Aug 2019


 

Introduction
The Decentralization in Blockchain simply means it does not have any central control point which makes the system more efficient, secure, and fairer. Block chain technology its a reflection of transparency, security, and fairness. instead of putting reliance on central authority in our mode of transactions,Block-chain system implemented innovative consensus protocols within the node's network in other to validate transactions and conducting data record in the fairness and incorruptible way. Am trying to point out the importance and effectiveness of Decentralization compared to Centralized system.Today, I will be discussing on a very important
Blockchain Platform named Function X, how they intend to revolutionize the internet by establishing a block-chain network services on the internet with various internet products and more.

About Function X

FunctionX believes in Blockchain Internet, where the entire system of internet operation is decentralized.This will be a new dawn in the internet World which will open a world of privacy, security, and privacy in our daily operation on the Internet. All applications, data, images, and byte on the internet will be completely decentralized.
Function X is a complete Decentralized Blockchain Network which aims to integrate solution to the decentralized networks. The following are the elements of F(x) ecosystem: a decentralized communication structure, and governance protocol,New blockchain algorithm, and completely new decentralize network. FunctionX believes decentralization should be immutable and complete where there would be no human intervention or any element of centralization in the system.f(x) ecosystem is built to run in a decentralized mode without human interference. In efforts to create efficient support system,
f(x) Coin which is the native Cryptocurrency recognized in f(x)ecosystem must be totally decentralized in the aspect of allocation, distribution, circulation, control, and more.

Problems Solved by Function X
F(x) mission is to disrupt and refrain completely from the Institutional monopoly and centralization, they intend to achieve this by creating a blockchain network services on the internet which comprises all important features on today's internet products.F(x) allows businesses Swift Migration in their Blockchain f(x) network services and empower developers having absolute control of their personal data, this will remove any sort of business conflict and allowing them to retain their complete independence on the blockchain network.
Having removed the data monopolization barriers, f(x) also build the sense of competitiveness in improving their users' experiences in other to maintain efficiency.

In Function X ecosystem, there are 4 major active participants which will mention below that contributes seamlessly to the services and operation in f(x) Network.
(i) Consumers: Consumers play their roles in Function X ecosystem, they consume the decentralized services offered by f(x). Without the Consumers, f(x) platform would
not exist.
(ii) Infrastructures Service Provider: They provide infrastructure services like the services rendered by some mobile carrier but their service is done in a decentralized manner.
(iii) Developer: they are the major participant in the function X ecosystem, they specialize in the building of different Dapps on f(x) network like AirBnb, Alibaba and Uber.
(iv) Financial Service Providers: These are the liquidity provider thats offering liquidity of the f(x) coin .e.g NASDAC, Morgan stantey.

Functions X Products

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Function X products and services are not limited to the services explained in our previous paragraphs. Function X will build their own Smart mobile devices which will run on FunctionX Network and meet up the market demands. I will mention below some of the functionX products.

(i) BOB (Xphone): It is the 1st model of BOB(XPhone) with specification (Snapdragoin 660, 6GB+ 64GB)
(ii) XPOS: Once Function X is ready, X POS will be upgraded and used on the decentralized point of Sale device as a mode (POS) .XPOS will be able to contribute to the Decentralized network due to the ability to generate transaction fees.
(iii) Nodes: XPOS and BOB(XPhone) and whatever smart phone Powered by FunctionX network will function as nodes which will also service and contributing to the network.The node will offer all forms of services to the network depending on the storage capacity, trust level and location.

Final thought,
Function X is an indispensable Blockchain Network that will revolutionize the global Internet industry and contributes positively to massive adoption of Blockchain technology. The Products and services of Function X will gain global recognition and will improve the system of business transactions which will guarantee trust,fairness, security, and efficiency. I have confidence in this class of platform because their products and services will simply serve as a catalyst to the Global Internet revolution where all individuals will have right to privacy of their data and information.

Official Resources

Website: https://functionx.io/#
Concept Paper: https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf
Twitter: https://twitter.com/functionx_io
Facebook: https://www.facebook.com/FunctionX.io/
Telegram: https://t.me/functionx
Medium: https://medium.com/functionx
Youtube: https://www.youtube.com/channel/UCmS83bWNR43jwEOC6EJaOyw

Authors info
Bitcointalk username : bombbitcoin
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=2646898
Eth adddress: 0xd8bcd4b152bd2ac173deb15d14160ed1225f0e05

Email: [email protected]
Wallet username: Sodaf

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lohladex
lohladex

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