Factom Price & Charts



Factom News

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  • Any guesses for the bottom?.. January 16, 2019
    Seriously though, another day, another biggest drop in the cryptospehere. Factom doesn't love its fans. At all. Many, many of us have been living with this torture for years now. submitted by /u/siaubas [link] [comments]
    /u/siaubas
  • New to FCT with a novice question... January 15, 2019
    Hey all. Just started researching FACTOM this morning as was actually in for a pleasant surprise with what I found. ​ I am starting to really get on board with the vision and what FCT is trying to accomplish. I have one novice question though. I am seeing all the partnerships and strides forward the […]
    /u/Owl714
  • You can change FCT on SimpleSwap - instant exchanger with more than 200 currencies. January 13, 2019
    submitted by /u/SimpleSwapExchange [link] [comments]
    /u/SimpleSwapExchange
  • Factom Inc. December 2018 Update reports January 11, 2019
    Factom Inc. has published its monthly update reports for grant and protocol contribution. Summary report: https://www.factom.com/company/blog/december-2018-ano-update/ Longer technical report: https://www.factom.com/company/blog/grant-update-december-2018/ submitted by /u/FACTOM [link] [comments]
    /u/FACTOM
  • Paul Snow will represent FACTOM on Blockchainge DC 2019 - Washington D.C. January 11, 2019
    submitted by /u/Zukicha [link] [comments]
    /u/Zukicha
  • Factom® Enterprise API — REST API for the Factom blockchain January 9, 2019
    ​ https://i.redd.it/9h6mowlhvc921.png De Facto is proud to announce public launch of Factom® Enterprise API — REST API for the Factom blockchain https://api.de-facto.pro Factom® Enterprise API allows you to easily interact with the Factom blockchain using REST endpoints and code in the language you know. ​ Main features: No crypto tokens or nodes needed — use […]
    /u/ilzheev
  • [X-Post] "Factom is dangerously centralized and controlled by five people" January 8, 2019
    submitted by /u/Pupils [link] [comments]
    /u/Pupils
  • Blockchain Innovation Foundation Q4 2018 update January 6, 2019
    ​ Blockchain Innovation Foundation (BIF) is happy to report progress on the Factom protocol development. ​ Grants During the second round of grant applications we entered 4 projects for consideration and were awarded grants for 3 projects: Core Protocol Development, an Alfresco Integration module and Decentralized Identities specification. ​ Core Protocol Development We received a […]
    /u/BlockchainInnovation
  • Factom Market Data Statistics at Chainsage January 4, 2019
    Hi everyone, We've recently launched our cryptocurrency pricing site we have been working on for a few months! I want to share our page for Factom, which you can see, filter & sort the aggregate prices and trading volumes per exchange and per trading pair. https://chainsage.com/assets/fct/ We would love to get feedback from the community […]
    /u/mpulgarinh
  • The Factoid Authority's Q4 2018 Report January 3, 2019
    Happy New Year Factom community! TFA's Q4 2018 report is available here. Join us on discord or drop us an email tfa@factoid.org. submitted by /u/TheFactoidAuthority [link] [comments]
    /u/TheFactoidAuthority

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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.