Factom and the Blockchain Could Have Prevented Fidelity Bank Hack
Fidelity Bank is on the list of a growing number of institutions facing website defacement and theft of customer data. The entire financial sector is a target for hackers, as most of these institutions have poor security implementations on both their website frontends and their database backends. “Hack for Trump,” as the hacker collective responsible for....
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Factom is perhaps the most anticipated project in the cryptocurrency ecosystem for 2015. Factom promises to introduce new blockchain based software that will bring developers the tools to build a new generation of applications using the blockchain technology while making it available to every type of organization. Factom introduced the first functional blockchain technology that provides an unalterable and safe record-keeping system. By using another data layer on top of the Bitcoin blockchain, the Factom protocol can secure millions of real-time records in the blockchain with a single....
Factom is a new data layer technology that works on top of the Blockchain. Factom has designed a new platform to store any type of data into the Blockchain. Entries stored in Factom can never be changed or deleted, making Factom the perfect platform for developing a wide range of applications. Factom has developed a way to overcome the Bitcoin limitations and enhance its capabilities. Almost two days ago, Factom crowdsale was launched and in less than 24 hours raised about 580 BTC. At the time of I'm writing they already raised 658 BTC. The Factom crowdsale was launched on the....
Coinapult announced that they have had their hot bitcoin wallet compromised. The amount of BTC they said is 150 coins. The hack comes on the heels of their deal with Factom. Bitcoinist covered the news on their deal. From the article about their working with Factom. Coinapult CEO, Ira Miller, had the following to say: Coinapult melds trustless, blockchain-based tokens like Bitcoin with familiar assets like US dollars. These are notoriously different and incompatible. Factom allows us to bridge the gap by digitally tagging and verifying centralized assets. Factom lets Locks act more like a....
One of the cool things about the bitcoin blockchain is the amount of possibilities it entails. Bitcoin isn't just a financial asset; it's a piece of technology that changes everything. One company is building a business on record keeping by utilizing the blockchain. The company of focus is called Factom. Factom is am open-source Bitcoin 2.0 blockchain based company using the technology for non-monetary purposes. Also Read: Factom Whitepaper Released: New Service Leverages Bitcoin Blockchain. Factom and the Future of Blockchain Technology. There are so many possible problems with....
Last week The Factom Foundation released its latest project development news update. Factom is this year's most awaited project in the cryptocurrency space. The concept behind Factom is a very innovative one since it enables company's to use the technology without ever owning cryptocurrency. Factom is a distributed, decentralized protocol running on top of Bitcoin. The software is open source, and anyone is free to use it for any purpose. The Factom network gives developers the tools to build a new generation of applications that use blockchain technology. Factom uses a data layer on top....