Factom Block Explorer Revealed
The block explorer has long been one of the most important applications in the Bitcoin ecosystem. The blockchain's ingenuity and the the massive computer power backing it make it the perfect financial ledger, but its sheer size and programming language make it unreadable to normal human beings. Blockchain.info fixed that in 2011 with the first real block explorer available to the public. All 70+ million transactions and every Bitcoin address published to the blockchain are indexed and easily-searchable, with a simple user interface that almost anyone with a home computer can understand.....
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Learn more about a blockchain’s transparency with a block explorer. A blockchain, in its essence, provides a digital record of transactions. At present, this most often pertains to transaction records for cryptocurrencies like Bitcoin (BTC). The database of records, called blocks, is often touted for its transparency and immutability. But what do these features really mean? If you want to analyze a blockchain transaction, you first need to know how to use a block explorer.What is a block explorer?A block explorer is a crucial instrument in the toolbox of a cryptocurrency and blockchain....
Factom.org. Factom strives to become a data and record keeping layer of Bitcoin. The project has received ample attention the world over, as the startup has even partnered with the Honduras government to work on a land title initiative and with USAA as an informal consultant. The startup released the genesis block of its protocol a few weeks ago. The data on Factom is kept off block chain, and the protocol features its own distributed public data layer. Every ten minutes, Factom compiles the data in a merkle tree anchor and publishes it into the Bitcoin block chain. When you think of....
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....
On January 3, 2009, at 18:15:05 GMT, Satoshi Nakamoto made history by mining the Bitcoin blockchain's first block-known as the genesis block-for 50 BTC. Now, the Factom team hopes to make history again with the release of their own genesis block, bringing new life to the original ledger. Factom is a protocol and peer-to-peer network which maintains a data layer on top of the Bitcoin blockchain. Network files and applications are distilled to a single numerical hash value via Merkle trees, then inserted into the blockchain via a Bitcoin transaction. This allows a process known as proof of....
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:....