INTRODUCTION
Do you know that there is now a Block-chain-powered phone? Maybe Yes! Maybe No!
In this article, we are going to be discussing the following in brief:
The X-phone
Function-X DApps
Function-X Token Economy
The X-PHONE
Until now, Block-chain has been providing a countless solutions in various sectors of the world (society). Even in the tele-communications industry, investors have using using Block-chain to achieve a lot.
It is interesting to know that we now can have a mobile device (say, phone) that is completely based on the Block-chain. Today, we can have Block-chain on a mobile phone (that acts as its programming system)
WORLD'S 1ST BLOCK-CHAIN PHONE
X-phone, is of course, the first of its kind and is designed to consist of creative/innovative FEATURES that other smartphones don't actually have.
X-phone is powered on the Function-X Ecosystem (a completely Block-chain-based Ecosystem).
Block-chain-powered: Since Function-X is based, the X-phone which is part of the Ecosystem is also based on Block-chain.
ANDROID (OS) 9.0: The OS (F(x) OS) is linked with Android (OS) 9.0. There is an allowance for switching between the Block-chain-based OS and the traditional Android-OS.UNIQUE TRANSMISSION PROTOCOL: X-phone doesn't rely or run on the traditional HTTP, rather, it runs on the FXTP.
INDEPENDENT OPERATION: It doesn't require third parties such as service providers, etc.
DECENTRALIZED (DISTRIBUTED) INFORMATION SHARING: Data shared by others is easily accessible to everyone on the Network
BENEFITS OF USING THE X-PHONE
The X-phone comes with a lot of benefits/purposes which include:
Expansion of Block-chain's horizon: the phone really increases the influence and impact of Block-chain beyond what we currently have.
Autonomous performance: the X-phone can run without requiring central service-providing companies. Messages and phone calls can be controlled or guarded easily through Block-chain nodes without the use of phone numbers.
FUNCTION-X DAPPS
Until now, we have been building peer-to-peer/distributed services on centralized networks. It would be nice if we could find a way of bringing common and already existing applications into a non-centralized or decentralized network/environment. Function-X has decided to do just that by DApps.
DApps will be able to deliver the following use features/utilities:
Free naming: It is now possible for users to create for themselves a unique name and identity using the DApps service application.
Mobile data currency
Empowering content creators
Decentralized (easily accessible) storage of files
Function-X Token Economy (FUNCTION-X COIN)
FUNCTION-X COIN (F(X) COIN)
Just like other digital decentralized systems such Etherium, the f(X) Ecosystem (Environment) requires a Token which will certainly be backed by real assets such as real (fiat) money.
The f(X) Ecosystem, have we have seen, is designed to function 'on it's own'. To achieve this independent nature/structure, a Token, called f(X) coin will be employed. Function-X Coin is the digital currency being utilized as an exchange medium for the Function-X Ecosystem, and it certainly will be decentralized in every way.
F(X) COIN UTILITY
The Coin can be used to perform a number of things, namely:
- In-app purchases
- Creating smart contracts
- Adverts
- Block-chain calls
- Transactions fees
- Hosting fees
- Borderless/cross-border transaction
In conclusion, it is very factual to say that X-phone is the first of its kind. Function-X is going to ensure everything about the X-phone is built and controlled on/by Block-chain.
For more informations about FunctionX visit;
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
Author: Anj
Bitcointalk username: Jabatani
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1983653;sa=summary