The F(X) ecosystem contains these components:
F(x) Chain.
This is a set of consensus algorithms in form of a distributed ledger. The distributed ledger is based on the blockchain and stores and verifies transactions like financials, payments, communications, services (DApps) among others.
F(x) OS.
This is an android-modified operating system that is compatible with blockchain. The user can seamlessly switch between the blockchain and the conventional model. On the blockchain, every bit and byte is completely decentralized including your calls, messages, browsers, and apps. When in the conventional mode, the f(x) OS supports all Android features. Android is the most advanced operating system for smart hardware with over 2 billion per month active users.
Using Android fits in f(x) ’s philosophy of being an OS/Software designer and letting third-party hardware makers produce hardware for the Function X ecosystem.
F(X) FXTP.
FXTP is a transmission protocol for the decentralized ecosystem. Its different from HTTP in that its an end to end transmission whereby user data can be sent,received and displayed based on a consensus approach instead of a client-server based decision-making technique. In HTTP, the server decides how and if the data is sent whereas in FXTP, the data is sent out and navigate to the destination based on consensus.
F(X) IPFS.
This is a protocol and network designed to store data in a distributed system. Here’s how it works,a person who wants to retrieve a file will call an identifier of the file then IPFS combs through the other nodes and avails the file to the person.
This file is stored on the IPFS network. If you as the user run your node, your file would be stored on your node and would be available for people worldwide to download. If anyone else downloads and seeds it,the file will be stored on both your node and that of the downloader.
This protocol is decentralized and way more secure, allowing faster transfer of file and data.
F(X) DDocker.
Docker is a computer program that is designed to make it easier to create, deploy and run applications. DDocker is an open platform for developers to be able to build, ship and run distributed applications. They will be able to store,deploy and run their codes remote in various locations. The codes are safe in a decentralized manner.
Tokenomics.
To support F(X) ecosystem’s autonomy, f(x) coin,the underlying currency within the ecosystem is decentralized in terms of distribution, allocation, control, circulation and how it is being generated. Its the native currency of the Function x blockchain and ecosystem. All services offered in the ecosystem are fueled by the f(x) coin. Instances in which it is going to be used are:
🔗 In-app purchases
🔗 Blockchain calls
🔗 Smart contracts creations
🔗 Transaction fees
🔗 Advertisements
🔗 Hosting fees
🔗 Borderless/cross-border transactions.
CONCLUSION.
An Xphone will be the world’s first blockchain phone which is designed with innovative features that are absent in smartphones. It runs on a new transmission protocol for the blockchain era.
Xphone, unlike conventional phones, runs independently rather than on a centralized service provider. Users can be able to route phone calls and messages through blockchain nodes without the need for phone numbers.
Function X is taking it up ten times through improved speed, transparency, scalability and governance on the blockchain realm.
🔗 WEBSITE: https://functionx.io/
🔗 TELEGRAM: https://t.me/functionx
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🔗 WHITEPAPER: https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to FunctionX OFFICIAL WEBSITE
