Function X a Decentralized Ecosystem

The Internet was just the beginning
The advent of the Internet has revolutionized the world. It created a communications layer so robust that it has resulted in TCP/IP becoming the network standard. The Internet also created a wealth of information so disruptive that a company like Amazon threatened to wipe out all the traditional brick-and-mortar bookstores. These bookstores were forced to either adapt or perish. The same applies to the news publishing sector the offerings of Google and Facebook have caused the near extinction of traditional newspapers.

The digitalization of the world with the Internet has enabled tech behemoths like Apple, Amazon, Google and Facebook to dominate and rule over traditional companies. The grip of these tech giants is so extensive that it makes you wonder if the choices you make are truly your own or influenced by the data they have on you as a user.

We see the blockchain revolution happening in three phases. The first was how Bitcoin showed the world what digital currency is. The second refers to how Ethereum has provided a platform to build decentralized assets easily. The clearest use case of that has come in the form of the thousands of altcoins seen today that we all are familiar with. The third phase is what many blockchain companies are trying to do now to bring the performance of blockchain to a whole new level (transaction speed, throughput, sharding, etc.) to change the course of traditional industries and platforms-including the Internet and user dynamics. Public blockchains allow trustless transactions. If everything can be transacted on the blockchain in a decentralized manner, the information will flow more efficiently than traditional offerings, without the interception of intermediators. It will level the playing field and prevent data monopolization thus allowing small innovators to develop and flourish by leveraging the resources and data shared on the blockchain.

In early 2018 it was thought, what if Blockchain technology was applied to mobile phones, as guarantors of personal data security and a place to store some digital assets with various other unique features.

And now PundiX and partners have developed the first Blockchain cellphone, Block On Block (BOB) Innovation from within Block On Block (BOB), which was previously named XPhone, is the first blockchain phone in the world.

BOB is built on f (x) Tech Blockchain (Secure & Encrypted) with dual mode OS (Android & Blockchain). Not all BOB driver files will be available initially but will not restrict the custom creation of operating systems and blockchain services.

BOB has the ability to change shape and design, which can later be added with various parts of modifications, accessories, and stickers. All hardware design rendering files will be available to more, users can download, modify, and print the 3D parts to make as desired.

It was designed and built on the function X decentralized protocol, allowing it to take full control of the data itself. BOB is designed to be completely different from the phones we know today.

Function X is a universal decentralized internet supported by blockchain technology and smart devices to create a fully autonomous and decentralized network that does not depend on any individual, organization or structure. Function X is made by Pundi X labs.

The core components (Function X Operating System (OS), Function X distributed ledger (Blockchain), Function X IPFS, FXTP Protocol and Function X Decentralized Docker) serve for one purpose, namely to decentralize all services, applications, websites, communications and, which most important, data. Function X will change and benefit the organization, developers, government and most importantly, society as a whole.

Tokenomic (Decentralization and Autonomy)

To support this autonomous structure, f (x) Coin is the underlying 'currency' in the f (x) ecosystem must be decentralized in terms of distribution, allocation, control, circulation and the way it is produced. f (x) Coin is the original 'currency' of the X function blockchain and ecosystem. All services provided in the ecosystem will be processed, carried out with, or "pushed" by f (x) Coin. The basic difference is as follows, "NPXS / NPXSXEM is used to make crypto payments, while f (x) is used for decentralized and blockchain ecosystem operations"

More Information :

Website : https://functionx.io
Whitepaper : https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf
Telegram : https://t.me/functionx
Facebook : https://www.facebook.com/functionx.io
Twitter : https://twitter.com/functionx_io
ANN THREAD : https://bitcointalk.org/index.php?topic=5131069.0