Function X will be leading the charge to power this new era of decentralized world.

in #ico5 years ago

The emergence of the internet has revolutionized the globe, creating a communication layer so sturdy that it has resulted in TCP/IP becoming the network standard. The internet created a wealth of information so inventive that a company like the famous Amazon threatened to get rid of all the traditional brick-and-motor bookstores forcing them to either go with the trend or perish. Enrichment in trending news on google and Facebook has also caused the near extinction of conventional newspapers.

The world has been digitalized and technology titans such as Apple, Amazon, Google, and Facebook dominate and rule over traditional companies. These tech giants have such an intensive grip that it leaves the user wondering whether they are making individual decisions or those that have been influenced by the data they have on you as the user.
Blockchain has also revolutionized and is doing so in three phases. The first was Bitcoin showing the globe what digital currency really is the future of digital payment. The next is how Ethereum has offered a platform to build decentralized assets with so much ease. The final phase is now what many blockchain companies are trying to do:

🔗 Significantly improving the performance of blockchain and bringing it to a whole new level in terms of features such as transaction speed, throughput, etc.
🔗 Changing the course of conventional industries and platforms including user dynamics and the internet.

What is Function X?

══════════════════════════════════

This is an ecosystem that is built entirely on and for the blockchain. Every single thing on the ecosystem including the application source code, transmission protocol, and hardware is completely decentralized and secure. Every bit and byte on f(x) is part of the blockchain. Function X is comprised of five core components:

🔗 Function x operating system (OS)
🔗 Function x distributed ledger (Blockchain)
🔗 Function x IPFS
🔗 Function x decentralized docker
🔗 FXTP Protocol.

F(x) OS will allow the smart hardware and IoTs to harness the upside and potential utility of the decentralization idea. The team has built an in-house solution for how mobile phones can leverage f(x) OS in the form of the XPhone. Other companies can also use the function x OS and customize it for their own smart devices. Each of the smart devices on the function x ecosystem can be a node and each will have its own address and a private key that is especially linked to their node names. The f(x) OS is based on the Android OS 9.0 thus backward compatible with Android apps.

Using the function x ecosystem, data transmission runs on a complex exchange of private and public key data and encryption but not ever via a centralized mediator. This assures communication without interception giving users direct access to the data shared by others. Any data that is transacted over the function x blockchain will be recorded on the blockchain and encrypted to ensure the sender/owner has control over data sharing.

CONCLUSION.

══════════════════════════════════

Public blockchains allow trustless transactions. If all transactions on the blockchain are carried out in a decentralized manner, the flow of information will be more efficient compared to conventional techniques, eliminating the need for intermediaries. This will level the playing field, avoiding data monopolization and allowing small investors to develop and grow by leveraging the resources and data shared on the blockchain.

🔗 WEBSITE: https://functionx.io/
🔗 TELEGRAM: https://t.me/functionx
🔗 TWITTER: https://twitter.com/functionx_io
🔗 FACEBOOK: https://www.facebook.com/FunctionX.io/
🔗 WHITEPAPER: https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf

══════════════════════════════════

★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to FunctionX OFFICIAL WEBSITE

Sort:  

Hi, @jamesndungu!

You just got a 1.06% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Thank you so much james to follow me
@riczuniform

Posted using Partiko Android

You are welcome @riczuniform
I found your blog inspiring, Continue the good work

@originalworks is holding a contest. You could take part

Posted using Partiko Android

You are right, I' a good writer ! I'll definitely participate in @originalworks contests Thank-you for helping a brother.

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.038
BTC 94908.01
ETH 3553.53
USDT 1.00
SBD 3.80