Tech Company Of The Month: FACEBOOK LAUNCHES THE CRYPTOCURRENCY LIBRA

 

With the emergence of new cryptocurrencies every day. Facebook had to find a way to catch up. This week, an announcement made by Facebook was in the process of launching its cryptocurrency called Libra. It can be purchased or cashed out either online or at any exchange point.

For transactions, Facebook has also created a Calibra wallet that is compatible with WhatsApp and Facebook Messenger, enabling transactions on these platforms without extra fees.

This makes a purchase as easy as sending a text on WhatsApp or Facebook. With Facebook being the principal investor

The expectation is that there will be a total of 100 founding members, including Vodacom, PayPal, and Spotify.

Facebook

According to Facebook CEO Mark Zuckerberg, the crypto is dealing, and Facebook’s supplemental company called Calibra will handle the privacy of the users.

Thanks to this instalment, the transactions made by users will not be tracked by Facebook. In other words, the data will not be extracted by Facebook, and you won’t be bothered by annoying ads.

Through this protective mechanism, the founding members are going to earn interest from the payments. This is to balance and maintain the value of Libra.

 The reason for using Move was to track the flaws more efficiently as well as to protect the privacy of the transfers as mentioned earlier.

The Move is straightforward to work with, thus encouraging more developers to build apps. The most significant advantage of this over Bitcoin is the smaller energy demand.

Bitcoin Mining

Bitcoin mining operations require excessive computing power that is equivalent to the total energy spent in Ireland in one year. In addition, research suggests that bitcoin operations emit more greenhouse gas than some countries like Jordan.

On the other hand, Libra’s algorithm can be handled by simpler mining operations as Libra’s units are proportional to the initial deposit.

It is expected that the implementation of Facebook and WhatsApp will make simplify the processes.

The water used to cool the servers remains an issue considering the scarcity of the water resources. The research facilities of Ecolab are still working on inventing ways of recycling water in the most efficient way possible.

The biggest challenge is the heating and contamination caused by continuous circulation through the pipes of the equipment.

This can be minimized by constant monitoring and treatment with fresh water accordingly. Libra’s anticipated launch date is the first half of 2020.

 

 

Facebook CEO/ Internet entrepreneur Mark Zuckerberg is visiting  (Nigeria) Africa for the first time. During his visit, Mark Zuckerberg met with with developers and entrepreneurs.

He also ”got to talk to kids at a summer coding camp and entrepreneurs who come to CcHub to build and launch their apps”

mark zuckerberg in nigeria..

One of his stops was at Andela, an engineering organisation that both Mark Zuckerberg And Priscilla Chan’s funded to to the tune of $24 Million to enable them train African Engineers

After his meetings with developers and partners, and exploring Nollywood Mark Zuckerberg also had chance to meet some of the stars…Actors, Comedians, musicians…

mark zuckerberg in nigeria

More photos Via/credit Rita Dominic Facebook

photos via Rita Dominic

photos via Rita Dominic photos via Rita Dominic

What African country do you think Mark Zuckerberg  will visit next???

More Tech Spotlight HERE

Credit: Mark Zuckerberg Facebook/

Bertin NahumMeet Sénégal born Bertin Nahum, CEO of Medtech and the creator of ROSA, a robot that helps surgeons performs brain surgery. This invention, used in hospital around the world, made him the 4TH most revolutionary high-tech entrepreneurs in the world; after Steve Jobs, Mark Zuckerberg and James Cameron! He is also the CEO of Medtech, a French company which specialize in robotic surgical assistant…

“At the end of my studies, I took part in the design of software capable of detecting brain injuries automatically using scanners. This feeling of usefulness gave me the desire to dedicate my career to patients, but on the technician side, through the creation of robots that could assist surgeons with their operations’ Bertin Nahum Continue here

Bravo Bertin, Nous Sommes Très Fiers De Toi !

Credit: europeanceo.com

 

AWESOME news for Facebook video lovers! Mark Zuckerberg announces ‘Facebook LIVE ‘ is Now Available to Everyone….Several New Features included! FACEBOOK LIVE AFRICAN CELEBS

”Today we’re launching Facebook Live for everyone — to make it easier to create, share and discover live videos.

Live is like having a TV camera in your pocket. Anyone with a phone now has the power to broadcast to anyone in the world. When you interact live, you feel connected in a more personal way. This is a big shift in how we communicate, and it’s going to create new opportunities for people to come together.

Credit:Mark Zuckerberg

WOW! Huge Milestone! 1 billion people are now using WhatsApp!  Congrats to Mark Zuckerberg , Brain Action, Jan Koum….

Just in case you missed it! WhatsApp has dropped the subscription fee and made WhatsApp completely free.whatsapp-AFRICAN CELEBSjpg

”We’re going to work to connect more people around the world and make it easier to communicate with businesses. There are only a few services that connect more than a billion people. This milestone is an important step towards connecting the entire world.” ~ Mark Zuckerberg

We love WhatsApp!  We use WhatsApp CONSTANTLY and love it do you? if you haven’t installed the app you missing out!

Today, Facebook has launched Internet.org App in Ghana. Ghana is the 5th country where internet.org app has been launched by Facebook.  The Internet.org App is now available to Airtel Ghana subscribers.

 

Airtel Ghana

People in Ghana can now use the internet for free to access local services, search for jobs, buy and sell products, and stay connected.

Right now only about 12% of people in Ghana are connected to the internet, but connectivity is already improving people’s lives and communities.

By connecting everyone, we hope to unlock even more opportunities for Ghana and people like Dauda Musa, pictured here.

Dauda runs a mobile money transfer business in Accra, and as the number of people with mobile phones has grown over the past few years, more people are using his service for business or to share money with friends and family.

Ghana is the fifth country we’ve connected through Internet.org — after Zambia, Tanzania, Kenya and Colombia.

Thank you to our community for your support and for pushing to bringInternet.org to more countries as we continue on our path to connect the whole world.

Credit:Internet.org

Mark Zuckerberg- ebolaMark Zuckerberg and his wife Priscilla Chan announced plans today to donate $25 million to the U.S. Centers for Disease Control Foundation to help fight Ebola.

“The Ebola epidemic is at a critical turning point. It has infected 8,400 people so far, but it is spreading very quickly and projections suggest it could infect 1 million people or more over the next several months if not addressed,” Zuckerberg said in a statement posted to his Facebook page….

founder of Nigeria's first private online university, Gossy UkanwokeMeet Gossy Ukanwoke, at age 23, the young entrepreneur founded Beni American University (BAU), Nigeria’s first private online university. Launched in late 2012, the school allows students to access their classes at any time of the day with any internet-enabled device. “There was a need for a new institution to be created in Nigeria,” adds Ukanwoke, who was once described by Forbes as “Nigeria’s Mark Zuckerberg.” Now, some 18 months into his new business endeavor, Ukanwoke has hired 10 instructors and has about 200 students, with an average age of 26. But the startup’s journey so far has not been without challenges. Nigerian laws require universities to have a physical campus so last year Ukanwoke went and bought land in the country’s Benue State with the goal to build a private campus that could accommodate some 10,000 students The project is expected to launch next year. “I grew up within the framework where education was put at a very high level of importance, and entrepreneurship is something that I always wanted to do,” he says: Read more here.