Function X Blockchain Review

Lovely day to everyone here. Am here again to share my view about a project that seems interesting to me and good for the industry entirely. The name of the project is Function X and it was launched by the team behind the well-known Pundi X crypto project. I advise my readers to take their time to read all through.

What's Function X All About?

It is has been predicted that the next phase of the Internet will be decentralized internet which will build around blockchain decentralized network. Function X team is working to lead others in this new phase by building a decentralized ecosystem that power the decentralized internet and this ecosystem is Function X. This ecosystem will be able power all apps, images, all form of data in it.

Function X will be an ecosystem that will build on blockchain decentralized network. Everything on the ecosystem will be completely decentralized and well secured. The simple meaning to this is that the source of the application, its transmission protocol and its hardware will be part of the decentralized network. In short, all bit and byte of the platform will be part of the blockchain. The Function X ecosystem is made up of five core components which are f(x) operating system (OS), f(x) public distributed ledger, f(x) FSTP, f (x) docker and f (x) IPFS.

Vision Behind The Creation Of Function X Ecosystem

The vision behind the creation of Function X is for it to power the next phase of the Internet which is decentralized Internet. Through this, it will be able to improve the current conventional system and build a secure infrastructure that is fully decentralized and free from centrally monopoly.

Function X combine, bring all to a place and extract all the merits of each component I listed above and integrate them tp work efficiently together on distributed ledger network. The team is working assiduously to make open, transparent and fully decentralized as much as they can in order to make the operating system to be usable by others who want to build smart decentralized devices.

Function X combine, bring all to a place and extract all the merits of each component I listed above and integrate them tp work efficiently together on distributed ledger network. The team is working assiduously to make open, transparent and fully decentralized as much as they can in order to make the operating system to be usable by others who want to build smart decentralized devices.

To bring the dream of Function X to reality, the team will continue to work in an open and collaborative method. The backbone of the project will be the community behind it and the community will play a very critical role as the development of the platform continues. Community members of the project will have early access to the ecosystem through the conversion of f (x) Token.

Function X Ecosystem Products

The products of Function X ecosystem goes beyond what I will list here. They are just some of the products of Function X. Function X will give go ahead to manufacturer of smart devices to build Function X powered devices in order to meet the needs of the growing market.

Tokenomics

As you have known through this write up that Function X is a fully decentralized ecosystem with many functionalities that gives it capacity to lead the idea of decentralized Internet. As a decentralized ecosystem, there's a need of a token or coin that will power its operations and this currency is f (x) Coin which is the native currency of the ecosystem. This coin entail all features of cryptocurrency which includes decentralization, fixed supply, fair distribution, allocation, control and many more others.

In order to get the structure and distribution of f (x) Coin well set up, the team behind the project will first of all act as the initiators and guardians of it. This function of the team can be described as being a gatekeeper in order to prevent foul play by bad actors who may want to take advantage of it, the team will also help those with good intentions to grow up through the ecosystem and once the ecosystem is fully functional, the duty of the team will be eroded and it won't be important again. The plan of the team is to build it to a stage that it will be able to fully work by itself.

Useful Links

Website: https://functionx.io/#/

Facebook: https://www.facebook.com/FunctionX.io/

Twitter: https://twitter.com/functionx_io

Concept paper: https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf

Telegram: https://t.me/functionx

YouTube: https://www.youtube.com/channel/UCmS83bWNR43jwEOC6EJaOyw

ANN thread: https://bitcointalk.org/index.php?topic=5166702.0

Writer's Details

Bitcointalk Username: Ifezanku

Profile Link: https://bitcointalk.org/index.php?action=profile;u=2587908