Factom Will Use Both The Bitcoin and Ethereum Blockchain
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....
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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....
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....
Blockchains have eclipsed bitcoin in the mainstream media lately, largely due to financial institutions looking for ways to use blockchains. But in addition to these initiatives, some big technology companies are exploring Ripple, Factom and Ethereum protocols, according to Finance Magnates. Microsoft's Azure cloud service recently acquired Ethereum capabilities, followed by Factom, Ripple and others. Factom Price Spikes And Holds. Azure's embrace of Factom recently gave a big boost to its cryptocurrency, which crypto exchanges added for trade in October. Factom, an Austin, Texas-based....
Blockchain technology company, Factom, which builds interfaces that plug into existing systems and enable interaction, has collaborated with financial data feed company, Intrinio to put Wall Street on the Factom blockchain. Building reliable financial applications. The collaboration is said to enable data for the 3,000 most valuable US stocks to be published into the Factom blockchain every 15 minutes. Factom claims, following this development, to have moved ahead of the majority of establishments within the blockchain industry. This claim is backed by the fact that it uses real data that....