FUNCTION X f(x) : INDUCING HIGHER PERFORMANCE OF THE PUBLIC LEDGER

chikky08 (46)in #blockchain • 5 years ago

INTRODUCTION
This platform is made to give real users of the public ledger a new way harness greater Functionalities of the vast digital ledger through a unique idea of the decentralised internet such that all the limitations of the internet can be overcome with an entirely different innovation built on the public ledger. Through the introy of functionX, the transmission of data, storage, relationship between Industries and the world of telecom can become improved. This doesn't just plan to limit the potentials it has towards payments only but also to be useful in other operations involving data and two or more users.

ABOUT FUNCTIONX
This project comes as a DApp and is made to function in end users devices. It is specially integrated into the XPhone and XPOS that are designed by the Pundi X company. The solution is very firm and useful for achieving all services in the platform freely with no obstruction. The necessary hardware components works to achieve autonomous services where they can be full automation if the services.

The creator of the Pundi X company has also created this for the platform to flow well with the Internet, using the decentralised solutions to make a difference as it uses the FXTP, IPFS, dOCKER and also the digital leger. It solution will be more like a decentralised ecosystem that provides solutions to internet such that users data can be secured and transmitted according to their understanding. functionX will be the source of strength for all images and other types of data. The aim is to make build a stronger and more useful phase of the web such that neither intermediaries nor monopolizers will be in control of it. Users will be free to execute their operations on the platform and also be protected.

FUNCTION X OPERATIONS
The network of this platform consists of other decentralised components as well as transmission Protocols that will completely protect the ecosystem.
functionX will do better than other smart device creators to invent its own device that will be powered by it's exclusive components. This devices will be relevant in the market to fulfil users demand for personalised use on and off the crypto community

The OS used in the functionX devices will be made available for others that wish to create other unique devices for other services. The users of this network will play a part in its progress with the use of the f(x) token. The native currency assist members in accessing the ecosystem as early as possible and when they perform any transaction.

ABOUT THE F(X) TOKEN
It controls the operations and allows fairness in this decentralised network. This token has a fixed supply and will only be used when there is need for it by the users. Before the allocation of tokens, the team will be the custodian of this asset to prevent any form of manipulations that can reduce its value or deprive users of the benefits. This token is already listed on exchanges meaning that members can purchase any volume and have a sense of belonging to the functionX ecosystem. You can find it on Kucoin and Bittrex to buy and more information about it is already littered on the coin market cap.

f(x) IPFS PROTOCOL
Storage of data is very important in this platform because it deals with users and their transactions with one another in the platform. IPFS protocol is in charge of the storage of those data in nodes even though the data can still be retrieved by the owners whenever they want to get whatever they have stored in the system.

Thid process usually involve the owners to call the hash of the file to be retrieved. When that is done the IPFS can easily get the right data from the sea of record in that hash. Those with their own node will have their data stored I their nodes alone but these without the node will have their data stored in the IPFS network. In a situation whereby another user downloads the data, it will be shared between both nodes. One special advantage of the IPFS is that it allows the fast transfer of the information.
Docker is another Protocol that allows the creation and running of special application for different purposes. With this protocol, developers will have the advantage of building new useful applications that can be run in the decentralised network.

CONCLUSIVE THOUGHT
Without any iota of doubt, this new Innovation will remodify the existing technology to improve all aspect of it. The change will be evident in the scalability of operations, the transparency that would be experienced and thw agreement between all the members, taking the digital ledger a ten times fold higher in its current state for the benefit of all.

USEFUL LINKS

USEFUL LINKS
Website: https://functionx.io/#/
Concept paper: https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf
Twitter: https://twitter.com/functionx_io
Telegram: https://t.me/functionx
Facebook: https://www.facebook.com/FunctionX.io/
Medium:https://medium.com/functionx
YouTube: https://www.youtube.com/channel/UCmS83bWNR43jwEOC6EJaOyw
Wallet Download: https://xwallet.pundix.com/