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Facebook acquires Chainspace, the London blockchain start-up, founded by researchers at the University College of London. The negotiation and closing was a quiet one, but was quickly revealed and confirmed by Cheddar, a vehicle specializing in the fields of technology and finance. The lack of information from the social network has led to speculation about the solutions he will work on.
A Chainspace white paper published in 2017 indicated that the start-up would develop projects to improve the speed of chain transactions, which is generally slow. The company would also evaluate how this technology could be applied to other areas, other than as in opinion polls.
Source: Facebook
During the new purchase, Facebook decided to recruit only the team Chainspace for its blockchain division, leaving out the technologies created by the startup. "Like so many other companies, Facebook is exploring ways to take advantage of Blockchain technology.This new small team is exploring many different applications."
Facebook has interest in having its own cryptomeoeda
Zuckerberg's company seems really determined to exploit this technology to such an extent that it currently has only 40. It has also asked professionals from different sectors to act specifically in this respect. university researchers, product managers, engineers and jurists specializing in crypto-parts.
The interest of Facebook for this type of technology has shown signs since 2018. Earlier this year, the company announced its blockchain division, headed by former PayPal president and former director of Messenger, David Marcus.
Detail : David Marcus
Already, according to the website Bloomberg – finances – it was developing in December its own cryptocurrency, which would be integrated into another platform: WhatsApp. In this case, the solution would allow its users to make financial transfers via the courier service. According to rumors, the company is still willing to acquire other companies specializing in technology behind Bitcoin.
Rumors indicate that the company is still willing to acquire other companies specializing in technology behind Bitcoin. But we do not know yet where it can go. The fact is that Zuckerberg seems really interested in integrating the technology on its platforms and as soon as possible.
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