Factom to have a working product by end of year.
Factom to have a working product by end of year. Revealed on October 27, Factom hopes to have a working product with API calls by the end of the year. Factom blocks and chains are already operational and running. Peter Kirby, Factom President, was interviewed by Rob Mitchell on The Bitcoin Game Episode #2 where Kirby talks about Factom, its progress, and timeline. “Factom is a protocol on top of blockchain which gives us the ability to make faster, more cost effective, and bloat-free transactions,” says Kirby. It solves three problems with Bitcoin — confirmation times are slow, making....
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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....
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....
This news comes during a time when the price per Factoid is on the rise. Factom’s native currency will be used to secure information on the supported blockchains. The Factom project has been attracting a lot of attention over the past year. Using blockchain technology for things outside the financial sector is always exciting. The project’s team is working on anchoring sensitive data into the blockchain. However, they will be using both Bitcoin and Ethereum blockchains to do so, thanks to a new feature called M2. Contrary to what most people believed to be true, Factom will not be....
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....
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....