Facebook white paper for the GlobalCoin

Facebook white paper for the GlobalCoin

In addition, it was announced that Facebook will charge third parties $ 10 million if they want to run a validation node. Currently, there is no further information about the requirements that must be met in order to become a validator node or how these third parties will be rewarded. In any case, GlobalCoin already seems to be the counterpart to Bitcoin, where everyone can run their own node with relatively few resources. In other words, Facebook’s “crypto” will not be peer-to-peer, but rather peer-to-corporation-to-peer.

In addition, The Information reports that the company also intends to build physical ATMs where users can buy the new cryptocurrency. Another interesting finding is that Facebook is reported to allow its employees to get paid in the new cryptocurrency.

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