Function X whose abbreviation is f(x) is a global blockchain-powered Internet infrastructure and smart devices platform. The platform is pioneering the concept of decentralized Internet that is free of all the inadequacies of conventional Internet protocol. Those behind this innovative initiative are working assiduously to bring blockchain to the telephony world and they already have a product that proves this possibility. They have come out with a way that proves that a smart devices or smart phones, data storing and transfer and many other innovative concepts can be powered by blockchain technology. This further prove that blockchain technology can be useful in many other sectors apart from finance.
The ecosystem of Function X involves smart devices acting as nodes of blockchain protocol. The already out products of the platform are XPhone and XPOS which was developed by Pundi X which is a well known name in the world of blockchain technology. They are still working to allow other smart devices manufacturers to make use of Function X Operating System like what is obtainable in Google Android Operating System and with this, they will be able to build and sustain an autonomous and decentralized infrastructure that does not rely on any conventional ecosystem.
Reason For The Creation of Function X
There is a ray of hope in the air and this rely on the incredible and innovative possibilities that comes with blockchain which has been with us now for more than a decade. Internet truly revolutionized the world but this is just the tip of the iceberg. With the Internet, there's a drastic change in virtuаlly all works of life and it completely change our ways of life. Above this, Internet created a huge pull of data which many freemium business model companies makes billions of dollars from annually. Most accepted way of doing business lost their relevancy and we relate with each in a digitized way. Let's take the selling of books from example, Amazon started with books selling on the internet and we all known the worth of the company now. Many businesses evolve with the internet for them not to lose their relevancy and businesses on the internet have more success stories to tell in the last two decades. The Internet makes data to be a very big thing and there are many ways that internet platforms manipulate us through our data to take some decisions that we might not take on a normal ground.
But here is blockchain technology that is here to further revolutionized the Internet, as the Internet changes the way we do things and see our world likewise will the blockchain do. Firstly, blockchain as made the concept of digitalized and decentralized concept of money possible which has led to the creation of many of them. Furthermore, the protocol of Ethereum which is the second generation of blockchain protocol has made it possible for and average persons and business entities to build decentralized assets and smart contract operations in an easy and effective way. The ongoing generation of blockchain protocol is the more improvement of its viral adoption and performance through its applications in conventional industries of which Function X is focusing on bringing blockchain to the world of internet and smart devices.
The infrastructure of Function X will make the sharing of data possible without third-party thereby eliminating data monopoly by big players and companies. With this approach, new and upcoming developers will be able to thrive by making use of the available data in the decentralized infrastructure. The Operating System of Function X will be integrated into the XPhone which will allow its users to access all the services of Function X.
XPHONE
XPhone is blockchain-based smart device that was developed by Function X. This phone is equipped with many innovative features that can't be find in any conventional smart devices. The Phone is fully decentralized and absolutely secured. With this product, the influence of blockchain technology has gone beyond what many known it for before and the phone does not need any centralized network before it can work.
User of XPhone can make call or text message to other user of it even without a phone number like what is obtainable in conventional smart device, this will be possible through blockchain nodes without any interruption.
Another unique feature of this smart devices is that its users can also enjoy all the services of Android smartphone by switching it to Android mode. In short, the phone has dual operating system.
Function X Token
The f(x) Coin is the native currency that power the operation of Function X ecosystem. It's an ERC20 utility token that can be used for transactions within the ecosystem. It can be used to pay for adverts, hosting fees, calls placement with the phone and many other things.
All the entities within the ecosystem which includes developers, service providers, manufacturers, firms, consumers and financial institutions will make use of the token for anything they do that involves fees or payments within the ecosystem.
Conclusion
Function X ecosystem is here to disrupt the Internet and the world of smart devices which they have already started doing. The effectiveness and efficiency of the platform will be further by many developers and its viral eventual applications will have a lasting influence in the world of smart devices and Internet infrastructure.
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