As the CEO of the world’s largest social media platform, Mark Zuckerberg has no choice but to try and remain at the forefront of the industry’s biggest trends – and his website’s biggest potential threats.
So it was no surprise when, in January 2018 he mentioned that he was interested in studying the positives and negatives of cryptocurrencies. Forget Instagram, Snapchat, WhatsApp, and even Oculus – blockchain technology could be one of the platform’s biggest threats yet.
Blockchain technology is still in its initial stages of development. Right now, it certainly doesn’t pose an existential threat to Facebook – an established platform that has been in existence for almost 15 years.
However, long-term, there is a very real chance that the technology could give the platform a good run for its money. Facebook is a massive centralized organization with over 2 billion users. The underlying platform infrastructure is controlled by a single entity, and individuals can use it in exchange for sharing their data with third-parties. Blockchain, on the other hand, offers a completely different experience. It is a fully decentralized ledger that stores data across a huge network of computers owned by its participants....
Read more on: https://bitcoingarden.org/when-will-facebook-move-to-the-blockchain/
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