Is Facebook now (also) a blockchain company?0.01

Facebook has had a blockchain group since about a year ago, when veteran Facebook executive and former PayPal president David Marcus was tapped to lead the company’s efforts in the space. Now, they have made their first big move into the blockchain and crypto market by quietly hiring most of the team behind Chainspace, a smart contract platform registered in Gibraltar with offices in London.

Chainspace, founded last year by researchers in London, uses smart contracts to offer extensibility, rather than catering to specific applications such as Bitcoin for a currency, or certificate transparency for certificate verification. Unlike Ethereum, Chainspace’s sharded architecture allows for a ledger linearly scalable since only the nodes concerned with the transaction have to process it.

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