Facebook Sets Up A Blockchain Group Led By Coinbase Board Member

post image

The head of Facebook’s Messenger David Marcus, who had been leading the development of the app for four years, announced he is quitting the position. Now he intends to take on a new challenge – examine blockchain in order to implement it on Facebook.

Marcus Wants To Keep Changing The World. Now With The Blockchain

On Tuesday 8 May Marcus wrote a Facebook post, officially disclosing his arrangement concerning the implementation of the blockchain and getting the best out of it on one of the most popular social networking sites.

Our top trading bots

Marcus revealed that within the past years that he dedicated to the leverage of Messenger, his team and he managed to increase the number of the app’s users by more than 1 billion people. It is noteworthy that before the advent of Marcus in the team there were less than 300 million people using Messenger.

Now he thinks of changing Facebook with the help of the blockchain.

"I'm setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch," said Marcus.

Ties With The Coinbase

Another striking idea is that Marcus can indeed succeed in the implementation of the blockchain on Facebook as he is not a layman when it comes to distributed ledger technologies and cyber-assets.

The thing is that Marcus is also a member of the board of one of the most significant international US-headquartered digital money exchanges Coinbase. Perhaps, we might see a collaboration of the social media giant Facebook and the titan in crypto-swapping with time.

Marcus himself joined the board of Coinbase almost half a year ago – in December 2017, a few days before bitcoin hit the all-time record of $20,000.

The news concerning Marcus’ decision to quit Messenger came as Facebook set off its largest executive shakeup in the span of 15 years. In the frames of the shakeup, Facebook is going to reorganize different departments as well as add a new blockchain effort. Also, the company will address privacy concerns which recently have shaken up the Web.

Facebook & Cryptos

It can’t be said that this announcement is new as earlier in January the head of Facebook Mark Zuckerberg said the company would start considering possibilities of using cryptos as well as how “to best use them in our services."

As Zuckerberg said then, the realm of technology was focused on the issues of decentralization. Facebook CEO stated that people started losing faith in this phenomenon as states’ authorities were using technologies to keep an eye on their citizens. However, in his opinion, there were some new trends to fight centralization:

“There are important counter-trends to this – like encryption and cryptocurrency – that take power from centralized systems and put it back into people's hands.”

Decentralization, which is demonstrated in the functioning of cryptocurrencies, might help to give the dominion back to people, believes Zuckerberg. And even though it is more robust to control it, he was very enthusiastic by studying such technologies in-depth.

Image Source: en.wikipedia.org/CC BY-SA 4.0

Crypto-Mogul McAfee Admits Not Paying Taxes for 8 Years, Flees the US
John McAfee, a controversial cryptocurrency personality, has fled the US upon being indicted by the country’s tax authorities. The American entrepreneur...
10th BTC Birthday: All You Need to Know About Bitcoin
This year Halloween marked a decade since one of the most conspiracy currencies (if it is one) emerged. On October 31, 2008, right when the world was suffocating...
Ethereum-Related Securities See Suspension From Trading Imposed By SEC
Bitcoin Tracker One as well as Ether Tracker One, two cyber-asset-related products are stopped from being traded. That’s the decision made by the American...
IBM, Alibaba or Bank of America? Here’s Who Filed The Most Blockchain Patents
DLT has become a cornerstone of a rivalry between prima tech and financial titans, IBM, Alibaba, and Bank of America. Two companies are fighting for the...
Canadian Gov’t Launches Ethereum Blockchain Explorer
The Canadian gov't has set off a DLT explorer developed on the basis of the Ethereum Net. Thanks to the app, it will always be possible to access the data...
Another Crypto-Bubble Went Off But Prices May Still Grow, Ethereum Co-Founder Says
The fact that recently the cyber-assets’ prices dropped does not mean there will be an impediment in their potential increase. This is the opinion of the...
Kim Kardashian Acquires Her First Physical Bitcoin
One of the most important personalities in the modern beauty and entertainment industries, American-Armenian socialite Kim Kardashian West has got her own...
SEC Official Named Cryptos Which Are Definitely NOT Securities
It seems that there has appeared more clearance regarding cryptos in the US. The country’s SEC representative, appointed to be responsible for cyber assets...
Venezuela Adopts Decree on Cryptos And Petro
Last week the Constituent National Assembly (CNA), which was chosen a previous year to draught a novel law for the nation in order to suit Nicolas Maduro’s...
Pakistani Who Send Cryptos Abroad Will Be Prosecuted – State’s Central Bank
Last week Indian central bank announced its decision to take a hardline stance on cryptocurrencies in the country, saying that all accounts, dealing with...
Forbes Listed The Richest People In Cryptos For The First Time. Here’s Who They Are
For the first time ever, the notorious business magazine Forbes presented the list of the wealthiest people in the sphere of cyber assets. Among 19 people,...
Not By Bitcoin Alone: Blockchain To Assist In Taking Gains When Browsing Online
Traditionally, solve this problem, as the developers of a new project Data Wallet claim. They believe that this technology can allow anybody on the internet...
No More Bitcoin Deposits: Microsoft Changes Attitude On Cryptos
Not long ago Microsoft and bitcoin enthusiasts could enjoy the purchase of movies, games, and applications in Xbox and Windows stores. But it seems...
Viral Cat Game in the Ethereum Network
Lovely friendly kittens are taking over the Ethereum network and currently responsible for 4% of transactions carried out on the so-called "world computer."...
Altcoin to Invest: NEM
As soon as NEM appeared on the market, it immediately aroused great interest among miners and investors. The basis of this digital currency lays in the...