Factom offers near 30% increase. Factom have found three key areas on the Bitcoin network and have set out to sort them out: faster, cheaper and less congestion. The network has another sneaky way to reduce cost because the documents and data which is stored using Factom can be audited effortlessly
A factom noob here, should factom consider anchoring itself to ethereum, instead of bitcoin?
Sorry if it's dumb, but as mentioned in title will anchoring Factom to ethereum increase the confirmation times for factom? Would it help the Factom ecosystem in anyway considering how big ethereum is getting, not in terms of price but in terms of scaling solutions in the works, number of dapps being built, etc. Any thoughts on this?
AMA: We are Factom working on Land Title projects in the developing world using bitcoin technology.
Hi Reddit. We're building tools to solve Land Title problems in the developing world. We are a bit limited in disclosing the specifics of the Honduras project, however we can talk about how the technology works and why it's useful. A couple questions that have come up: Q) Does Factom use the Bitcoin Blockchain A) Yes. Every 10 minutes, we put a Merkle Tree anchor into Bitcoin that can prove any data in Factom. Trust Factom for 10 minutes and Bitcoin forever. Q) How does Factom know how to do this?!? A) We partnered with a very experienced title record team that understands the nuances of the subject. We also have been working closely with the Property Institute to define the scope of the problem so we have a solution that makes sense. Q) Is the Land Title tokenized? A) No. The title application has a blockchain back-end that gives it an immutable audit trail. Every change is documented and the system of land title records is built over time. EDIT: Spelling
01-31 22:23 - 'Factom is so undervalued. Its only one of a few projects with real world use cases right now! Not like coins like XRP that claim " partnerships" and all these buzzwords. And thats what FCT goes after... real world applicatio...' by /u/Ghostbustaj removed from /r/Bitcoin within 4-14min
''' Factom is so undervalued. Its only one of a few projects with real world use cases right now! Not like coins like XRP that claim " partnerships" and all these buzzwords. And thats what FCT goes after... real world application. I still cant wait to hear about what Homeland Security will do with it, if they truly do. It is live. And it works. Very, very, well. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Ghostbustaj
Cryptocurrency Update: Steemit, Factom and $1 Million per Bitcoin. Western Union Speaks on Coinbase Pilot Integration. David Thompson, the CTO of global remittance giant Western Union, took the stage at MoneyConf 2017 in Madrid, Spain to speak about his outlook on digital currency and announced a pilot program with Coinbase. Factom Harmony harnesses the power of the Factom blockchain, combined with SmartProvenance™ to ensure the validity, integrity, history and ownership of documents, data, files and database information. Factom’s unique model of developing individual data chains mirror existing record keeping models. The Factom Protocol describes itself as an 'open source, decentralized data integrity protocol built by an international coalition of companies that extends the security of blockchain to any data type'. The protocol is reportedly easy to integrate with any system, thereby providing a low, fixed cost source of indisputable truth and verification Anchor data into the Bitcoin and Ethereum blockchains at a low fixed price of $0.01 per write. B2B platform for evidence capture, digital ID, tokenization, smart contracts and verifiable credentials. Factom price today is $1.43 with a 24-hour trading volume of $357,741. FCT price is down -2.4% in the last 24 hours. It has a circulating supply of 9.3 Million coins and a max supply of ? coins.
Factom is a next generation platform for creating enterprise tools and applications using Blockchain technology. Inspired by Bitcoin. Factom is a solution to: - Blockchain bloat - Off chain ... Change Your Future Here: https://passiveincomeanywhere.com/CRYPTOIRA -Want to learn how to win with Bitcoin? Learn more here: https://passiveincomeanywhere.c... Factom™ technology is leading the world in applying blockchain solutions to Enterprise, Government and Non-Profit systems. The Factom™ data layer provides active solutions for compliance ... Factom has always been one of those projects which I knew nothing about. We decided to go right to the source and get the 101 on Factom at their new head quarters in Austin Texas! If you want to ... Factom (FCT) - Review & Analysis In this video I explain Factom cryptocurrency & their blockchain based data integrity platform. Firstly, thanks for watching I appreciate your support! Please like ...