Function X: A Decentralized Ecosystem

adebayorpeter (38)in #functionx • 5 years ago

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Function X ecosystem is created to lead others in powering the new dispensation of decentralized world. A world where every app, image, all forms of data and many other things on the Internet will be fully decentralized.

The Era Of Decentralized Internet

The era of decentralized Internet and sharing of information have significantly enhanced the effectiveness of socioeconomic activities of everyone but also create many powerful and monopolistic private enterprise and the reason why they are monopoly is because of the way they operate centrally. But the good news is that the next two decades will see the creation of the next phase of Internet revolution which will fully evolve from this current monopolistic model. Function X have seen this before many others and they are effectively working to power this next phase of the Internet thereby creating better effectiveness of the present traditional model and build an ecosystem that is fully secure, fully decentralized and free from any form of monopoly.

Blockchain innovation which was made public in 2009 is more than ten years now, the creation of Bitcoin blockchain and many other blockchain platforms have created new and unique approach towards getting things done, changing the current traditional financial system into a new one that is not centrally controlled and give equal opportunity to all its users. And as many join this new decentralized concept, the more popular and stable it becomes which therefore comes with the our of issuing currency with a fair, robust circulation and ownership which can't be see in centrally controlled ecosystem. The numerous benefits of blockchain technology is the brain behind the launch of Function X ecosystem.

The Creation Of Function X

It all started in 2017, when the team of Pundi X project commenced the investigation the factors behind the slow adoption of cryptocurrency in offline transactions. And since then, they have done so much in overhauling the system to make it fully decentralized and they are proud to show this in form of Function X ecosystem.

f(x) Coin: Fueling Function X Ecosystem

The ecosystem of Function X is fully decentralized and any decentralized system must have a currency that will fuel its operation and be the based currency of the platform, so also Function X ecosystem and its currency is f(x) Coin. f(x) Coin possess all the characteristics of cryptocurrency which includes decentralization, fixed supply, fair distribution and circulation.

Utility Of f (x) Coin
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In the ecosystem of Function X, there are four main users which is indicated in the image and write up below:

Consumers: These are people that make use of services offered by Function X ecosystem.

Infrastructure Services Providers: These are those and others that provides decentralized services within the ecosystem.

Developers: These are people that build decentralized applications within Function X ecosystem like what we can find in Android Playstore.

Financial Service Provider: Providing liquidity of f(x) coin like NASDAQ, Morgan Stanley.

XPhone: World 1st Blockchain Phone Powered By Function X

Presenting the first blockchain powered smartphone called XPhone. It is the first smartphone globally that is fully secured and fully decentralized in all sense of it. The smartphone is powered by Function X protocol which have explained in the paragraph above. Unlike conventional smartphones, you won't be in need of centrally controlled services and contents on the phone. You won't need centrally provider to make call, send or receive message, access the Internet or any other related services. The blockchain mode powered by Function X ensures your information is kept encrypted and fully secured.

Furthermore, this XPhone is also compatible with Android operating system. The smartphone have dual mode. You can use the X mode and enjoy blockchain related features of it and you can also switch it to Android mode and enjoy benefits of Android operating system smart phones. Only 5000 of the phone will be available in the market this year and the team will also gives permission to other smartphone producers to make use of Function X operating system in building blockchain-enabled smartphones.