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  • Sending from Enterprise wallet to Bittrex May 20, 2020
    Insanely slow. 1 hour and still not reflected in Bittrex wallet. Why? submitted by /u/PedroPierrePeter [link] [comments]
    /u/PedroPierrePeter
  • Latest grant round results May 20, 2020
    The voting in the latest grant round of the Factom Protocol finished on May 16. Approximately 193K USD have been awarded to push the protocol forward. The funded grants are: ​ [Exchange Working Group-3] Exchange Working Group Funds (65,000 FCT / approx. 113,750 USD) [Fillip H.-Alex-Factomize-1] Sale of the Factomize forum to the Factom Protocol […]
    /u/hesudesu
  • Liquid has enabled Factom (FCT) trading, deposits, and withdrawals May 19, 2020
    https://medium.com/@factomprotocol/liquid-enables-factom-fct-cdd8d665338 Factom Exchange Committee is pleased to announce, that Liquid, a Japanese-regulated and soon-to-be Singapore-regulated cryptocurrency exchange platform operated by fintech company QUOINE, has enabled Factom (FCT) trading, deposits, and withdrawals! Liquid × Factom You can now trade Factom (FCT) on Liquid via web or its mobile app, Liquid Pro. FCT/BTC trading pair: https://app.liquid.com/exchange/FCTBTC iOS […]
    /u/ilzheev
  • Had Factom on short list for months. Time to buy first stack? May 17, 2020
    Hi. I've had this project on a short list and keep up with Twitter etc best I can for news. There doesn't seem to be much direct from the team. Can someone shill me a list of positives regarding this project please. The Digital ID with Bill Gates foundation had my ears pricked. I understand […]
    /u/stayanon1971
  • Blog post on the technical side of ANO and server management: https://factomize.com/demystifying-factom-management/ May 15, 2020
    submitted by /u/hesudesu [link] [comments]
    /u/hesudesu
  • My Triall.io colleagues got published in Science Magazine. On Blockchain facilitated sharing of outbreak R&D May 15, 2020
    submitted by /u/nklomp [link] [comments]
    /u/nklomp
  • Factom for elections May 14, 2020
    Want a big idea? Use factom blockchain for secure voting. People would get verifired ID number one they were registered. Would vote online, and then be able to see their vote was counted by checking their ID number on the voting tally blockchain. GOP would fight this idea with everything they got. It is what […]
    /u/ChinookKing
  • Tracking drones and other things with Factom May 7, 2020
    Recently Coindesk ran this article about drones and blockchain tracking (https://www.coindesk.com/us-transportation-dept-blockchain-safety-trust-commercial-drones ). I recalled that TFA Labs did some work on using Factom for tracking drones, as they showed in this video (https://youtu.be/xyD-ONfhrao). TFA have since mentioned that they are focusing their efforts elsewhere – I guess their grant with the US Department of Energy […]
    /u/hesudesu
  • Grant proposals are now open for review and discussion May 6, 2020
    Tokens worth more than 200K US Dollars will be distributed in this grant round. The grant proposals can all be found over at the Factomize forum, where each individual proposal can be discussed: https://factomize.com/forums/factom/grants/ Any thoughts on the overall mix of proposals and is there anything you think is particularly good for the protocol? submitted […]
    /u/hesudesu
  • William & Mary Blockhain Lab & Factom May 5, 2020
    I know that Troy Wiipongwii has been working on creating a blockchain lab with the College of William & Mary (ranked 40th overall best national university in the U.S) and bringing Factom in play for it. Today I found this page - looks pretty cool! https://www.wm.edu/offices/global-research/projects/blockchain-lab/index.php submitted by /u/hesudesu [link] [comments]
    /u/hesudesu

What Is Factom ?

Factom Coin is a new coin  that aims to use the blockchain for the most basic purpose that it can be used; keeping records. Blockchain technology has the ability to maintain and keep unadulterated records for lifetimes. The most important direct application of such a record keeping system is business itself. Factom has created a data layer on top of the bitcoin blockchain. By doing so, it has built the capacity to keep millions and millions of records in a distributed consensus-based system that cannot be adulterated.

Businesses, governments, universities and other record-keeping institutes can keep their data secure with the help of a single has using cryptographic isolation of the records. Businesses especially can use their record in such a way that it cannot be changed, backdated, etc in the future.

Its practical uses

The practical uses of the Factom coin have already been discussed before. They heavily involved businesses and governments and their record-keeping initiatives. Now the factom network operates on an open-source software that everyone can operate. It even allows the user to program on it and develop new applications for the future of the record keeping initiatives on the blockchain. This will allow you to use it for any purpose that you feel like doing and promote more and more uses of the ingenious platform.

Factom’s transactions are stored on the Bitcoin network and since Factom can be programmed like Ethereum, it is the first approach that uses the bitcoin network itself for programmable initiatives. Factom wants to make the world’s system honest by decentralizing databases.

If your database is centralized and is vulnerable because of it, you can easily shift towards the Factom coin and use its decentralized record-keeping on offer. It can be used for medical records, scoring sheets for sports, historical data, scientific data, supply chain information and what not in itself.

Team

Peter Kirkby- President

Paul Snow-CEO

Brian Deery-Chief Scientist

Zachary Lynde-CFO

Zeen Zhang- China General Manager

Mining

The Factom coin cannot be mined because it is based on the Bitcoin Network and its history cannot be different from bitcoin itself. It is a mixture of proof of publication, proof of process and proof of audit.

Notes for Investors

The Factom coin was started back in January 2016 and its price has increased from $0.12 to a whopping $207 at the time of this article showing a volatile but ultimately positive trend. Its market cap is around $207 million. It is a very intriguing prospect for the future.