Facebook Moves Closer to ‘FaceCoin’ Acquiring Its First Blockchain Startup

Facebook Moves Closer to ‘FaceCoin’ Acquiring Its First Blockchain Startup
фото показано с : bitcoinist.com

2019-2-5 12:30

Social media mogul Facebook has made an advance in its blockchain effort by hiring a blockchain startup specializing in smart contracts and facilitating payments. 

Facebook ‘Acqui-Hires’ Chainspace

According to financial media Cheddar, Facebook has hired a small blockchain company called Chainspace.

In Silicon Valley, this move is referred to as an “acqui-hire” and according to the report, four of the five researchers behind the academic white paper of Chainspace are joining the social media giant.

Sources familiar with the matter have told Cheddar that the startup will be shutting down as Facebook has hired most of its current employees.

A spokesperson from Facebook has also reportedly confirmed the move, referring to a previous statement of the company:

Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.

A Step Closer to ‘Facecoin’?

In May last year, Bitcoinist reported that the company is purportedly ‘very serious’ about creating its own cryptocurrency in order to allow its billions of users to make electronic payments.

In late December 2018, anonymous sources familiar to the company’s dealings revealed that Facebook is working on a stablecoin pegged to the US dollar in order to allow WhatsApp users to transfer money.

Chainspace has specialized in building decentralized smart contracts systems, which could facilitate payments, as well as other services using blockchain-based technology.

According to an entry published by some of the startup’s researchers and co-founders, including Alberto Sonnino, Mustafa Al-Bassam, and George Denezis, “Chianspace is a decentralized infrastructure, known as a distributed ledger, that supports user defined smart contracts and executes user-supplied transactions on their object.”

What do you think of the acquisition? Don’t hesitate to let us know in the comments below!

Images courtesy of Shutterstock

The post Facebook Moves Closer to ‘FaceCoin’ Acquiring Its First Blockchain Startup appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0065564 (+0.28%)
Объем 24H $24.286k
Изменеия 24h: -0.68 %, 7d: -0.90 %
Cегодня L: $0.0065149 - H: $0.0066542
Капитализация $479.078k Rank 2075
Цена в час новости $ 0.176 (-96.27%)

blockchain facebook media startup chainspace according facecoin

Источник: bitcoinist.com

blockchain facebook → Результатов: 126


Фото:

Facebook Acquires Blockchain Startup, Chainspace

Facebook has seemingly confirmed rumors of their foray into the blockchain industry by acquiring smart contract focused startup Chainspace, as per reports from Cheddar, February 4, 2019. First for Facebook For months now, rumors have been floating about Facebook taking the plunge into the blockchain and cryptocurrency industry, which includes talks of them developing aRead MoreRead More.

2019-2-5 20:01


Технический директор Facebook перешел в недавно созданную Blockchain-команду компании

Бывший технический директор Facebook перешел на на ту же должность в blockchain-команде компании. Сообщение Технический директор Facebook перешел в недавно созданную Blockchain-команду компании появились сначала на Freedman.

2018-7-7 23:07


Фото:

Facebook Director of Engineering transfer to same posture at Company’s Blockchain

Evan Cheng, Facebook’s Director of Engineering of three years, has now moved to the same position at the company’s recently established blockchain team, TechCrunch reported Friday, July 6. The software engineer has updated his LinkedIn profile to reflect the newly acquired position, and the change has also been confirmed to TechCrunch by Facebook. Prior to

2018-7-7 20:34


Facebook’s New Director Of Blockchain Engineering Is Evan Cheng From Zilliqa & ChainLink

Evan Cheng has been formally selected to be the Director of Blockchain Engineering at the famous social network, Facebook. The blockchain expert has been working with ChainLink and Zilliqa. This time, it will be a lead builder as Facebook enter the distributed ledger market. Cheng To Work On Facebook This is one of the latest […]

2018-7-7 07:40


Фото:

Facebook Reshuffle Structure To Further Compliment Blockchain Research

Reports out today suggest that social media giants Facebook have embarked on a major structural reshuffle in order to enhance their new blockchain research project. We now know that Facebook have established a blockchain research working group in order to investigate and research the implications of blockchain technologies both within Facebook and within the wider community.

2018-7-6 17:30


Facebook официально разрешил рекламу криптовалют!

Компания Facebook приняла решение отказаться от блокировки рекламы цифровых валют, но популяризация ICO проектов, бинарных контрактов как и ранее останутся под запретом. Об этих решениях общественности сообщил Р.

2018-7-1 12:30


Facebook blanket ban on crypto ads a “poor approach” to new ideas

Off the back of news that Facebook is reversing its crypto ad ban, see below for commentary from some of the blockchain and crypto industry’s most renowned experts. Iqbal Gandham, UK Managing Director at eToro, global investment platform said: TheDigitalArtist / Pixabay “We have always advocated for a more sophisticated approach to cryptocurrency advertising, as […]

2018-6-28 09:21


Шифруйся грамотно! Почему мессенджеры не защитят тайну твоей переписки

Вряд ли сегодня можно встретить человека, который бы не обменивался интернет-сообщениями: сотни миллионов устройств ежедневно получают десятки миллиардов сообщений по всему миру. Приложения WhatsApp, Skype, Viber, ICQ, Facebook, Google Hangouts и около десятка других мессенджеров предоставляют своим пользователям возможности оперативной коммуникации.

2018-6-19 12:57


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Elon Musk suggests fight with Zuckerberg to stream on X

Elon Musk says his “bout” with Meta CEO Mark Zuckerberg should be streamed on X. Chancer is expected to disrupt the traditional bookmaker with a new betting model. $CHANCER presale has surpassed the $1 million mark amid huge investor interest.