Topic: [ANN] Function X - The Future is Blockchain Internet - page 24. (Read 5413 times)

Makes sense, cannot wait to see it in action by myself on the BOB phone. Waiting for the pre-orders to open..

XPOS will be upgraded once Function X is ready. XPOS will both operate as a decentralized point-of-sale device and much more as a node. As a node, the XPOS will also be able to get transaction fees and contribute to the decentralized network.

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Services rendered in the ecosystem will be transacted with the f(x) Coin. Possible scenarios include:
For service providers: To get paid by developers, companies and consumers for providing storage nodes, DDocker and speeding up of network connections. The role of service providers will described in other sections.
For consumers: To pay service fees for using DApps, nodes, network resources, storage solutions and other services within the f(x) ecosystem.

For developers: To pay for services and resources rendered in the ecosystem such as smart contract creation, file storage (paid to IPFS service provider), code hosting (paid to DDocker service provider), advertisements (paid to other developers) and others. To get paid by the enterprises or organizations which require the developer’s service.
For enterprises or organizations: To pay for service fees, developer fees and advertisements. Services provided to consumers will be charged and denominated in f(x) Coin.

For phone and hardware manufacturers: To pay for the Function X Operating System customization. Note: we plan to only build a few thousands of the XPhone flagship handsets and leave the rest to third-party manufacturers to build more using our operating system.

For financial institutions: to receive payment for financial services rendered for the ecosystem.

Many more future scenarios.

Hence f(x) Coin can be used as ‘currency’ for the below services:
In-app purchases
Blockchain calls
Smart contract creations
Transaction fees
Advertisements
Hosting fees
etc

We believe f(x) Coin utilization will be invariably higher than coins in traditional chains due to the breadth of the f(x) ecosystem. This includes storage services and network resources on f(x) which will utilize the f(x) Coin as the “fuel” for execution and validation of transactions.

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FXTP is different from HTTP because it is an end-to-end transmission whereby your data can be sent, received and displayed based on a consensus mechanism rather than client-server based decision-making. In HTTP, the server (which is controlled by an entity) decides how and if the data is sent (or even monitored), whereas in FXTP, the data is sent out and propagates to the destination based on consensus.

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You can subscribe at www.functionx.io to receive the latest updates about BOB.

Also more info can be found at:

https://www.functionx.io/#/bob

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Gokhshtein has featured Function X President @DavidBenKay in its August issue about his thoughts of growing talents, startups as well as the opportunities that Function X ecosystem will bring to both developers and users. Read more  https://twitter.com/davidgokhshtein/status/1163623163747610625?s=21

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F(X) Chain

What is f(x) chain?
f(x) chain is a set of consensus algorithms in the form of distributed ledger, as part of the Function X ecosystem. The blockchain is the building block of our distributed ledger that stores and verifies transactions including financials, payments, communications (phone calls, file transfers, storage), services (DApps) and more.

Will Function X launch a mainnet?
Yes. The f(x) chain is a blockchain hence there will be a mainnet.

When will the mainnet be launched?
TBA (projected).

How is the Function X blockchain designed?
The f(x) chain is designed based on the philosophy that any blockchain should be able to address real-life market demand of a constantly growing peer-to-peer network. It is a blockchain with high throughput achieved with a combination of decentralized hardware support (XPOS, XPhone, etc.) and open-source software toolkit enhancements.

What are the physical devices that will be connected to the Function X blockchain?
In due course, the XPOS OS will be replaced by the f(x) OS. On the other hand, the XPhone was designed with full f(x) OS integration in mind, from the ground up. After the f(x) OS onboarding, and with adequate stability testings and improvements, XPOS and XPhone will then be connected to the f(x) Chain.

What are the different elements of a block?
Anything that is transmittable over the distributed network can be stored in the block, including but not limited to phone call records, websites, data packets, source code, etc. It is worth noting that throughout these processes, all data are encrypted and only the owner of the private key has the right to decide how the data should be shared, stored, decrypted or even destroyed.

Which consensus mechanism is used?
Practical Byzantine Fault Tolerance (PBFT).

What are the other implementations of Practical Byzantine Fault Tolerance (PBFT)?
Flight systems that require very low latency. For example, SpaceX’s flight system, Dragon, uses PBFT design philosophy. [Appendix]

How do you create a much faster public chain?
We believe in achieving higher speed, thus hardware and software configurations matter. If your hardware is limited in numbers or processing power, this will limit the transaction speed which may pose security risks. The Ethereum network consists of about 25,000 nodes spread across the globe now, just two years after it was launched. Meanwhile, the Bitcoin network currently has around 7,000 nodes verifying the network. As for Pundi X, with the deployment plan (by us and our partners) for XPOS, XPhone and potentially other smart devices, we anticipate that we will be able to surpass the number of Bitcoin and Ethereum nodes within 1 to 2 years. There are also plans for a very competitive software implementation of our public blockchain, the details for which we will be sharing in the near future.

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They can be found at FAQ at www.functionx.io.

Direct link: https://www.functionx.io/#/faq

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Everyone,

Hit the “subscribe” button at www.functionx.io and be the first to receive exclusive BOB (XPhone) preorder offers!

Don't be late!

ello there,

How can someone buy this phone? Is it expensive?

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Is there a document for this? Any source? Thanks much man

Utility of fx coin? what is it about? the coin.

What happens to XPOS with function X?

I would also like to know the answer to this question. However, if think logically, then most likely you will not see. Since the XPhone will work in X mode.
Think for yourself - the X mode was created to protect your data (calls, SMS). If you are in this mode and at the same time talking on a regular telephone, what kind of data protection can be discussed?

When you are in x mode,but this time you get a call on Android,will you see this call or message??

If you want to call on a regular mode, you need to use the non-Blockchain mode.
I think so.

And one more question, when you are in x mode,but this time you get a call on Android,will you see this call or message??

@metalbean

Hey. I really like your project. I intend to take part in the pre-sale of the BOB phone. Please tell me how many phones do you intend to sell? Are there any restrictions on importing a telephone to Russia? I want to become one of the first owners of an XPhone phone, but I am afraid that customs will refuse to issue a phone. Is BOB an encryption device? If so, then delivery to Russia will fail.

I ask, how will communication work??? From what sources, antennas, signal reception at a distance???

Hopefully, the vision is still very good!

Hi, the info is in here https://functionx.io/#/faq

%	Particular	Amount
65%	NPXS/NPXSXEM holders	246,092,941
20%	Ecosystem Genesis Fund	75,720,905
10%	Engineering	37,860,452
5%	Product and Marketing	18,930,226
100%	Total	378,604,524

Gokhshtein has featured Function X President (David Ben Kay) in its August issue about his thoughts of growing talents, startups as well as the opportunities that Function X ecosystem will bring to both developers and users.

Read more here: https://twitter.com/davidgokhshtein/status/1163623163747610625?s=21

Agree, someone needs to start on something visionary. This is something will be implemented in the future, sooner or later.
This team has a strong fundamental to develop this project and cannot wait to see the progress.

We are the killers of the projects that are coming on board in our time. Have you even thought of how decentralization was in the early days when satoshi started with his BTC project? Yet he was able to make it. Some times,we don't have to think of things that are easy to be successful in what we plan to do.

Without having to go through a telco, all communication done on the blockchain is purely peer-to-peer.

Can anyone explain in their own words how calls and messages will be available without the Internet???