Things to know about Facebook’s new cryptocurrency – Libra

Recently Facebook has outlined the objectives of its new cryptocurrency called Libra. Facebook has been developing this cryptocurrency for more than a year. Libra is designed to allow payment processing around the internet globally. It will incorporate 1.7 billion people all around the world who doesn’t have a bank account.

Libra

Rumours have been circulating about Libra for over a year, whether Libra is developed or managed by Facebook. Finally, we came to know Libra is a cryptocurrency managed by Libra Association. It lets the users exchange flat currency for Libra for online transactions. To reach wider people, Libra does not need users to have a bank account. They simply need to convert money for Libra.

Libra Association is just guiding hand for fledgling cryptocurrency. It is just made up of partner companies. The most important payment partners are Visa, MasterCard, and PayPal. Together the above partners have to ensure the payment processing is Fast, Accurate and reliable.

Working of Libra

There are certainly few components that make Libra, the main ones are Libra Association and Libra reserve.
Libra Association is responsible for running validator nodes, server clusters, process transactions. Association is responsible for add or removes Libra from circulation. At the start of Libra association, it will run 100 of nodes. The circulation of Libra will increase as more partners join.

Libra is centralised and computed only by Libra validator nodes. To validate the nodes, Libra uses a system known as Byzantine fault tolerance. In this system, each node finds a way to reach consensus even when the node can’t agree at all of its states.

The other major positive about Libra is that many decentralised cryptocurrencies like Bitcoin, suffer from the volatile valuation. It will prove lucrative for high-risk investment. To seek this risk, Facebook has decided to create a more stable cryptocurrency to encourage more online consumer transaction.

From Facebook redesign to Instagram, here is everything announced at F8 2019

Facebook has been in rough patches from 2018 to now, but the company is trying to reverse its fortunes at F8, it is annual developer conference in San Jose, California. Facebook CEO, Mark Zuckerberg began the speech stating that “the future is private.” This shows Facebook working towards improving privacy and security with its services like WhatsApp, Messenger, Facebook, etc.

Here are some of the announcements made for Instagram, WhatsApp, Facebook, and Messenger.

Facebook:

Facebook has announced it will redesign the main Facebook website and its app. The design will be clean, modern and easier to navigate. This includes all white look and some traces of Facebook’s iconic blue hue and there will be an option for dark mode as well.
Mark Zuckerberg said the goal is to make Facebook a little more community focused.
Facebook is focusing more on groups, as redesigning groups tab will help the users to discover the groups easily.

New “Events” tab, it helps users to quickly find all kinds of events going around them, and also coordinate with friends and attend those events. Mark Zuckerberg outlined six key components to make things happen: Private interactions, encryption, reduced permanence, safety, interoperability, and secure data storage. New Facebook redesign will roll out in the next few months.

Facebook Messenger:

Facebook has decided to make big changes in the Messenger platform. Firstly, a new desktop app for Messenger in both MacOS and Windows. There is no need for users to navigate to facebook.com or messenger.com. Facebook is also working on a way to make Facebook Messenger work across platforms like WhatsApp, Instagram, etc. This is a pretty major update to the Messenger.

Instagram:

There is no major update for Instagram. A new feature will roll out from next week, It will allow users to shop for products used by the creators. Another feature will also users to raise funds for charities in Instagram.

Facebook, Instagram bug exposed millions of user’s password to its employees

A Facebook, Instagram bug exposed millions of company user’s password to its employees. Facebook software meant to encrypt user passwords from its employee access has failed, leaving millions of users passwords visible to all its network employees. This bug was first discovered in routine review in January and then it was fixed. This bug has exposed passwords for users on Facebook, Facebook Lite, and Instagram.

Facebook said it hasn’t found any evidence that the passwords were compromised externally. The bug has only exposed plain text passwords for the company’s employees. The company also said they didn’t find any evidence of employees misusing the information.

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Facebook says it will report the bug to all its users. Facebook estimates millions of users were affected by it. Facebook Lite designed for slower connection devices is also affected by this bug. Millions of Facebook users could have affected by this bug and also thousands of Instagram users.

The Facebook official statement via a blog post by Pedro Canahuati “In the course of our review, we have been looking at the way we store certain other categories of information — like access tokens — and have fixed problems as we’ve discovered them.” and he also said “There is nothing more important to us than protecting people’s information, and we will continue making improvements as part of our ongoing security efforts at Facebook.”

As a concern by Facebook, Instagram users can reset their passwords for both Facebook and Instagram. For further protection, users can enable security keys and two-factor authentication. We would recommend the users to use third-party authentication app instead of using a phone number.

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You can’t delete or hide your phone number on Facebook

Two-step authentication is the most step to secure your account on social media. But on Facebook, it could impact your account privacy. It came to spotlight after a complaint from a user complaining that Facebook required a phone number for two-factor authentication. Facebook’s data usage is once again in the news for all the wrong reasons. This time with two-step authentication, what happens to your phone number when adding two-factor authentication.

Facebook has been using two-factor authentication since 2011. Facebook says phone number added to an account are included areas outside of two-factor authentication. Actually, Facebook is using phone numbers for more than security purposes. It uses it in Ad Targeting, allowing the other users to find the corresponding user profile by typing the phone number in the search bar.

There is no option to disable the tool where other users of Facebook users can get profile by typing your phone number in the search bar. Users can adjust their privacy settings from “everyone” to “friends,”

But there is no option to disable it entirely. He also pointed out Facebook shares the given phone number with Instagram and WhatsApp.

So what to do now?

If you already provided your phone number to Facebook, then there is no option to delete it. Facebook also collects phone number whenever a user could give Facebook access to their contacts.
If you haven’t added your phone number, then you can use third apps like Google Authenticator and LastPass to generate a unique code instead of a phone number.

Facebook is rolling out Messenger ‘Unsend’ feature

Facebook has recently rolled out “unsend” feature for Messenger, It is currently available for only several countries around the world.

It came as a lifesaver for guys, who accidentally send messages to the wrong ones.

A new button seen at the bottom of chat threads now offers the users to remove the message from all devices receiving that message. A user can delete that message on or before 10 Minutes, reported by the TechCrunch.

How to use this ‘Unsend’ feature?

For using this feature, a user has to do long-press the Facebook message that the user wants to delete and then tap on the ‘Remove’ option appears at the bottom of the screen.

Whether this message will be deleted only for my phone or everyone?

Once a user deleted a sent message, that message will be deleted for everyone. And there will be a Facebook message saying “You’ll permanently delete this message for all chat members. They can see you deleted a message and still report it.”

And then tap on “remove” to confirm it.

The original Facebook message will be replaced with “Message has been removed”.

This feature is rolled out in Poland, Bolivia, Colombia and Lithuania on Wednesday.Facebook reported,

This feature will be available for users globally as soon as possible”.

The “Unsend” feature only gives you only 10 minutes to erase it from all the devices received that message.

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WhatsApp Monetization

WhatsApp has more than 1 billion users and it doesn’t collect any charges from its customers and also it is ad-free. WhatsApp is founded by Jan Koum and Brian Acton launched in 2004 and it collected only $1 as an annual charge. And it is even dropped in 2016, making the WhatsApp free for everyone.

Facebook has acquired the WhatsApp for $19 billion dollars. At that time WhatsApp has only 450 million monthly active users. Since then it added another billion users into it.

Recently one of the founders of WhatsApp Brain Acton quit the company following the reports of tension between them. After this Jan Koum had also quit the company.

This Departure has opened the way for the Facebook to make changes on the WhatsApp, Particularly a way to monetize it. This incorporation of ads will a lucrative move for Facebook.

According to the Chris Daniels, vice president of WhatsApp told Economic Times this week “We are going to be putting ads in status.” He also added, “That is going to be [the] primary monetization model for the company as well as an opportunity for business to reach people on WhatsApp.”

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The ads will be incorporated into the “status”, it will more overlook like the Stories on Snapchat and Instagram.

The way Facebook going to implement ads in the WhatsApp is very important and they have to make sure the frequency of ads does not cause any irritation among the WhatsApp community of more than 1 billion people.

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50 Million Facebook Accounts Compromised

Facebook has recently announced that it had unearthed a security flaw that compromised 50 million user accounts. Facebook has ordered an investigation to this security flaw and also law enforcement has also been informed about it.

The Facebook official statement, “On the afternoon of Tuesday, September 25, our engineering team discovered a security issue affecting almost 50 million accounts.” “We’re taking this incredibly seriously and wanted to let everyone know what’s happened and the immediate action we’ve taken to protect people’s security.”

The new flaw in the Facebook is from the way access tokens are handled.

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What is Access tokens?

Access tokens are nothing but a digital key that allows the users to remain logged into Facebook accounts without re-entering the passwords every time. This flaw took place due to the “View As” feature, this feature allows the Facebook users to view the profile of users as you are browsing Facebook network as someone else.

Facebook says the bug found has been patched and decided to reset the access tokens of all 50 million Facebook accounts. All 50 million Facebook users are forcibly logged out from their Facebook accounts.

When the users log in back to the Facebook, Users will be greeted with a notification in their news feed with the details attack. Facebook has temporarily turned off the View As feature.

Facebook has been battling with the security issues one after another. Facebook was also involved in the Cambridge Analytica data scam earlier in 2018. In which around 90 Million users were affected.

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Mark Zuckerberg Testimony In Front Of Congress Online

 

Mark Zuckerberg, the founder and CEO of the social media giant Facebook has been testified before the Congress for the first time on Tuesday, April 10, for his and company’s failure to protect user information following the Cambridge Analytica Scam. Mark Zuckerberg has been asked to appear for joint hearing organised by Senate judiciary and commerce committees. On Wednesday, Zuckerberg testified in front of the house Energy and Commerce Committee. It won’t be easy for Mark Zuckerberg.

There will be no of people ought who to Facebook to be broken. Sen. Ron Wyden, D-Ore., recently said: “There are have been a number of proposals and ideas for doing it, and I think unless [Zuckerberg] finds a way to honour the promise he made several years ago, he’s gonna have a law on his hands.”

There are lots of people believe that he should resign or fired from his job. On Tuesday, ahead of the first testimony in front of Congress, an activist investor group Open MIC and its CEO Michael Connor said in a statement, “Mark Zuckerberg prepared testimony highlights a simple fact: He doesn’t understand how a large, global and publicly held company is run. He currently has two jobs at Facebook – CEO and Chairman of the boards. It’s time for him to give up at least one, if not both, titles.”

“It is long past time for Facebook to separate the roles of company CEO and Chairman,” Connor continued, “and for Mark Zuckerberg to resign or be fired.”

Zuckerberg will do his best to defend himself and his company from questions from Congress.

Zuckerberg Opening Statement “We face a number of important issues around the privacy, safety, and democracy, and you will rightfully have some hard questions for me to answer”

“Facebook is an idealistic and optimistic company. For most of our existence, we focused on all the good that connecting people can bring. As Facebook has grown, people everywhere have gotten a powerful new tool to stay connected to the people everywhere have gotten a powerful new tool to stay connected to the people they love, make their voices heard, and build communities and businesses.”

How To Check If Facebook Shared Your Data With Cambridge Analytica

Cambridge-Analytica

As promised, Facebook has rolled out a tool which tells about whether your data is shared with Cambridge Analytica or any other company since that has been banned from the platform for illicitly accessing people’s personal data and something this may lead to regulation of social media.

Facebook stated “Starting on Monday, April 9, we’ll show people a link at the top of their News Feed so they can see what apps they use—and the information they have shared with those apps. People will also be able to remove apps that they no longer want. As part of this process, we will also tell people if their information may have been improperly shared with Cambridge Analytica”.

If you want to check if your data was shared with Cambridge Analytica. Just open Facebook in your browser or any other phone, then navigate to your news feed. If your data was shared with or improperly accessed by Cambridge Analytica or any other company, you’ll receive a notification at the top of your news feed explaining who just had your data.

The pictures above show what the new protection notices will resemble. They obviously state regardless of whether you were influenced, and additionally how to twofold check which applications and sites right now approach your information. It’s an essential advance for Facebook even with the Cambridge Analytica embarrassment, however, it stays to be seen regardless of whether these new notices will help keep you secure over the long haul.

“Generally speaking, we trust these progressions will better secure individuals’ data while as yet empowering engineers to make valuable encounters,” the Facebook proclamation peruses. “We know we have more work to do — and we’ll keep you refreshed as we roll out more improvements.”

Facebook has been on its back foot as far back as the Cambridge Analytica story broke, and organiser and CEO Mark Zuckerberg is affirming before Congress this week, noting inquiries concerning what Facebook knew and when. Zuckerberg conveyed a composed articulation that was discharged by Congress, in which he assumes liability and guarantees to improve the situation later on.

“In the course of recent weeks, we’ve been attempting to see precisely what occurred with Cambridge Analytica and finding a way to ensure this doesn’t occur once more,” Zuckerberg composed. “We took imperative activities to keep this from happening again today four years back, yet we likewise committed errors, there’s a whole other world to do, and we have to venture up and do it.”

 

 

 

Facebook Lite Takes Social Media All The Way Back To The Basics

Facebook Lite Takes Social Media All The Way Back To The Basics

Facebook Lite, There’s an application for everything these days — which implies it’s anything but difficult to rapidly top off your stockpiling on your cell phone. This week, we have a lighter form of an application that you undoubtedly look through a couple of times each day.

Facebook Lite — accessible for Android — has authoritatively extended to the U.S. Facebook initially assembled the application particularly for those in creating nations, who have slower availability. With an APK (Android Package Kit) of under 1 megabyte in size to introduce, individuals can download it in seconds, paying little mind to how drowsy their association is.

To think about, the normal Facebook application on Android has a download size of 63 megabytes, which is the reason I was especially inspired by downloading Facebook Lite. Obviously, with day by day utilise, the two renditions of the application collect information in the reserve when taking a gander at stories, pictures, posts, and other substance. Utilising the normal Facebook application, three weeks of utilisation took up around 567 megabytes of capacity. Since Facebook Lite was just discharged a couple of days back, I’ll be observing myapplication use nearly to give a more exact correlation of how much stockpiling it takes up.

It’s additionally imperative to take note of that everybody’s utilisation does change and that I don’t open Facebook unless I have a warning or need to utilise the pursuit instrument. For the individuals who utilise Facebook significantly more frequently, it may take up more stockpiling. In any case, to keep that number low, you can utilise the lite application to expel any pointless application documents through the application itself — an element that isn’t accessible on the Facebook application. Be that as it may, you can likewise do likewise by going to Settings > Apps and notices > Storage > Clear Cache for both of the Facebook applications.

With Facebook Lite, despite everything you approach the greater part of the fundamental highlights, such as presenting on a course of events, seeking individuals, preferring photographs and posts, and altering your profile and gatherings. There’s additionally exceptional highlights, for example, finding and RSVP’ing to nearby get-togethers, sparing photographs to particular photograph collection, tailing others, looking into data on neighbourhood organizations, and then some. You can likewise see stories individual’s stories and include your own.

I wouldn’t fret the way that I couldn’t get to highlights like Watch list, Live, or Marketplace since I’ve entirely even utilized them. My Facebook utilization is limited to the nuts and bolts— all I should have the capacity to do is see my notices and parchment thoughtlessly through the sustain. With Facebook
Lite, I can undoubtedly achieve both of those assignments.

The main drawback is the interface, which is totally stripped down form of the primary Facebook application and it looks somewhat dated. However, that will be normal with a lite form that takes up so little room and furthermore takes a shot at 2G systems. At the best, you have what resembles a toolbar with
Your course of events, companion demands, Messenger Lite (which you’ll need to download on the off chance that you need to send messages) notices, look instrument, and a space to get to the greater part of the diverse highlights alongside your settings.