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By Diego Marques
Published on December 23, 2018
Since Facebook announced its plan to create a cryptomoeda for transfers in Whatsapp, many speculations have been made about the details of this new project. ] Rumors circulating on the cryptoèdres market indicate that Facebook may not have the time to create its own network of block chains to power its project A stablecoin is any criptomoeda 19659008] to a stable badet, such as or or parts fiat . stablecoin and intends to use a network already established on the market . According to another theory, Facebook can create a new blockchain network in a few days because it has enough money to do it.
In this post, we chose to badyze the first theory. The possibility that Facebook does not have the time to create its own blockchain. In this case, the social networking company can use the platforms already available, such as ETH The rumor that receives more notoriety is that the new cryptomoeda created by Facebook can be built on the blockchain of the platform, Zilliqa (ZIL). Let's take a look at the possibility that Facebook is growing on the Zilliqa network and how it can work.
Zilliqa and Facebook
It all started when a cryptic enthusiast, Oliver Bell, tweeted about this topic, gathering a few points to give the truth and confirm his theory:
Rumbling on Facebook by relying on $ ZIL :
• Evan Cheng: Zilliqa advisor and blockchain manager at FB
• Mindshare partnership: FB is a partner of Mindshare
• The former head of the Facebook channel chain leaves Coinbase to avoid conflicts of interest: ZIL is listed on Coinbase
Oliver Bell Facebook and Zilliqa established a partnership with Mindshare, a marketing company. Evan Cheng, a renowned blockchain engineer, is a consultant to both companies. David Markus, who previously served on the Board of Directors of Coinbase, resigned, citing a conflict of interest; since ZIL was recently listed on Coinbase Pro, this adds another reason for speculation.Zilliqa, is it better?
The network ZIL is scheduled for an update scheduled for January 31, 2019, many enthusiasts believe that Zilliqa will be of great importance. on the market.
Zilliqa was the first concept of chain fragmentation, but it is no longer the only one. In fact, there are already dozens of projects. The competition to win the Ethereum is difficult because itself Ethereum rushes to solve its own network problems. Nevertheless, Zilliqa is a serious competitor for several reasons:
- The Zilliqa development team is strong in technology and business. A strong network relies on an active community and strong partnerships.
- Zilliqa testnet already exceeds Visa's transaction speeds, surpbading older blockchains such as Bitcoin and Ethereum. Its fragmentation solution uses a model of Consensus is the agreement produced by consent between all the members of a group or between several groups.
The consensus differs from the majority in which, when the majority is in agreement, a minority also disagrees, whereas by consensus there is no disagreement.
A decision by consensus. However, this does not imply an active consent of one another, but rather an acceptance in the sense of non-negation. The Greek democracy is based on this type of decision-making. "Hybrid consensus for more efficient mining."- is complete, this blockchain can cross the same "boom" as Ethereum, even if it is only partially or temporarily.
So, Zilliqa is a solid blockchain 3.0 project to follow.
Why would Facebook choose Zilliqa?
For Facebook to offer a criptomoeda responding to the 1.5 billion monthly users of WhatsApp, it needs a fast and secure blockchain network. A Zilliqa was found to offer both of these advantages. It remains to wait now if the speculation that Facebook will use the network ZIL will become reality in the days, weeks or months to come.
Facebook will create criptomoeda for downloads in WhatsApp. Click here to read!
What do you think about these rumors? Facebook will actually use the ZIL network to build its A stablecoin regardless of criptomoeda coupled to a stable badet such as gold or coins of currency ] fiat .
Source: Wikipedia "clbad =" glossarylink "target =" _ blank “> Stablecoin? Leave your comments below.
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