Factoids: The Tokens that Drive the Factom Protocol
Factom is a data layer for the blockchain that allows users to permanently secure documents and even whole business processes. The Factom technology is especially compelling for those who want to build trust with users by providing complete transparency and real-time auditing of their systems, while at the same time maintaining user privacy. The blockchain technology is a viable solution for record keeping. It represents a permanent and secure database for recording keeping secured by thousands and thousands of computers distributed around the world. This technology enables us to record....
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Factom reached a major milestone today, as the Poloniex crypto-currency exchange became the first platform to add a trading pair for Factoids, Factom’s software tokens. It was only a matter of time until one of the digital currency exchanges took the first step towards doing so since Factom’s Beta release. Investors have been eagerly awaiting the addition of Factoids on major cryptocurrency exchanges since the conclusion of the Factom token sale. Factoids trading on crypto-exchanges are likely to generate additional interest in the Factom platform while allowing new community members to....
Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as "a data layer for the blockchain" that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids, a digital token designed specifically for the Factom network. Starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. ShapeShift allows for users to instantly convert from one cryptocurrency to the other. A....
On July 6, 2015, Bitcoin Magazinereportedthat theFactom Foundationhad launched Release Candidate 1 (RC1), a crucial step for launching the Factom network. Over the ensuing 5 weeks, community developers and programmers have been testing and debugging the network in order to reach all the goals set out in Factom's Milestone 1. Today in a blog post, Factom has announced the launch of the Release Candidate 2 (RC2) version of the Factom Beta. Again, it is asking for developer input as it works toward its next milestone: Factom Genesis. According to Factom's post, RC2 includes the following:....
Every time a new altcoin comes out, Bitcoin hoarders often have a knee-jerk reaction: "Who are these upstarts, and what is it going to do to my investment?" Their reaction is understandable. Some new cryptocurrencies present no fundamental innovation, and are clearly the offspring of sour late adopters. Many make an honest effort, bringing non-currency functionality, but questions remain about whether these splinter movements can survive the network effect. The open source movement requires cooperation. Factoids are neither of those. They are the token of access for the Factom network,....
Factom has received $1.1m in new funding as part of an equity crowdsale hosted by crowdfunding service BnkToTheFuture. Billed as a data and record keeping layer for bitcoin, Factom had offered 7.8% equity toward a $700,000 minimum investment goal to be reached by 9:39am GMT today. The project ultimately exceeded this goal, drawing 323 investors; each providing an average contribution of roughly $3,400. Factom Foundation chairman David Johnston credited the positive perception of the company as a key factor in the raise, telling CoinDesk: "The community has been very supportive of Factom....