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FunctionX Foundation is a nonprofit, independent organization that supports the growth of the Function X Ecosystem, a next-generation internet service framework, built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework by improving the existing internet and blockchain architectures, combining the benefits of both and using the most commonly used technical solutions.
Pundi X is the initiator and architect of the development of a centralized internet network that is currently being developed, but over time the ecosystems that they have developed will eventually move towards a fully decentralized internet framework. The internet framework consists of various combinations such as the new blockchain algorithm, and a decentralized communication architecture as well as a new decentralized protocol system, resulting in a unique new ecosystem.
The First Blockchain Phone:
Besides making a decentralized internet frame they also made the first blockchain cellphone in a decentralized world, by integrating the Function X ecosystem into this phone and will be fully built using blockchain technology. This phone allows us not to rely anymore on the existing centralized internet service providers.
FunctionX F(x) Coin:
F(x) coin is a native coin that will become the main "currency" that will be used and facilitate various transaction processes contained in their ecosystem. This coin will use the transparent and safe blockchain technology. Users can use these coins for various decentralized services found in their ecosystem.
My Conclusion :
Decentralized ecosystems are very much needed in various sectors today, especially for the internet sector and also information. We know that various private organizations monopolize this sector and limit the variety of things that make the existing ecosystem very bad. With the Function X ecosystem that is being developed by them, it certainly provides good news for all of us. In addition, developing the first blockchain phone gives us complete control over each of our data. This is a very revolutionary project I really hope their project will run smoothly.
Recently F(x) coin was listed on Kucoin which has increased the volume and liquidity greatly, there is also an ongoing giveaway at KuCoinPlay if you want to get some F(x) coin into your own hands. There is lot of promise with this project if they can scale it up in future.
* Infos about FunctionX collected from : steempeak.com/@kiaragabriel
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