It is without doubt that the internet brought about a new era after is invention, all sectors of life gained massively from the invention of the internet, and in our world today it seems like life is totally incomplete without data and internet connection. That shows you how well the internet adoption is grown on humans all over the world. Without the internet today, there wouldn’t have been blockchain technology and its amazing digital currencies that comes with it. Now we know how much the internet has impacted in our lives since its invention, I would like to talk about the level at which blockchain technology and its adoption is impacting in our lives.
Blockchain technology and cryptocurrency has fed many since its invention, as its gives room for trading, blockchain engineering, exchanges and many events onchain that people make a living from. Also blockchain technology continues to get wide adoption, as many projects spring up on a daily basis with solutions to offer to certain issues being faced in the world today. But even at that, blockchain technology should not be limited to this level of progress made, as the technology has enough potentials to change the world just like the internet did. Then you may ask how can we accelerate this change? The answer is Function X
WHAT IS FUNTION X
The Function X project is one with an absolute goal to change the way the world sees blockchain technology, from just projects and seeking income, to a way of life. Function X aims to create a system of global decentralized internet with the use of the products (smart devices). Like I said earlier the internet revolution was massive when it began, but the blockchains revolution can even be bigger, but only when real work has begun. Function X will pioneer the revolution of blockchain technology from what it is today, to a daily driver for all using the internet.
BENEFITS OF A DECENTRALIZED INTERNET
• Lower Transaction fees.
• Better privacy.
• Safer data storage and security.
• Seamless transactions.
• Faster transactions.
• Easier means of transacting.
• Better communication.
• Absolute control of one’s data.
HOW WILL FUNCTION X DECENTRALIZE THE INTERNET WITH SMART DEVICES ?
The projects ecosystem is no joke, and to achieve its goals the function X launched three products which is needed to attain the global decentralization of the internet. These products include :-
BENEFITS OF USING THE BOB PHONE
• Calls received on the Bob phone are secure and cannot be tapped
• Data stored on the Bob phone is more secure than on normal smartphones
• With the Bob phone, developers can easily develop their own dapp for the blockchain easily
• The phone aids transparency in transactions
• Communication is solely between you and the receiver, no room for intermediaries to partake.
• Aids better competition with service provide
The XPOS :- This device is a point of sale device, but this time a decentralized one. Also it is important to note that the xpos is a blockchain product so acts more as a node than as a point of sale. The xpos will be able to verify the cost of transactions(fees) and also improve the whole decentralization process.
NODES :- The blockchain and nodes work hand in hand, and these nodes are present in the function X ecosystem. Together with the Bob phone and Xpos the nodes will help bring about the global decentralized internet.
In my next article, I will give an indepth look into the ecosystem, which include the function X digital currency and the products as well, do come back for more. To get acquainted with the project you will need to visit the links below
WRITER'S INFORMATION
WRITERS NAME :- Iyke