About Factom (FCT)
Factom (FCT) Protocol is a data integrity protocol utilized by the U.S Department of Homeland Security and the Bill and Melinda Gates Foundation. The protocol provides easy integration into legacy systems without the need to handle cryptocurrency.
Factom (FCT) Coin Storage Key Points
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Factom Protocol Two Token System
Factom’s two token system provides a one-way burning of the volatile native token of the protocol into a non-tradeable fixed-value Entry Credit that allows entry of data onto the protocol. Companies and governments can now utilize a public blockchain without needing to handle volatile cryptocurrencies.
The Factom Protocol
The Factom Protocol represents opportunities for businesses, governments, and other entities to record and preserve their data in an immutable and cost-efficient way.
The Security of Bitcoin and Ethereum, Brought to Your Data
The Factom protocol is an independent data layer that comes to consensus on data using a 4-stage confirmation process: Process list, Minute, Factom Block, anchored. To reach the final confirmation stage, the merkle root of the current Factom Block has been published to the Bitcoin and Ethereum blockchains, achieving impenetrable security for any form of data entered into Factom.
Chain of Chains
The Factom Protocol has a unique structure, built as a set of chains linked together into a directory layer. This means you can build applications and know that all data for that application will be held within a specific data chain, allowing faster search and indexing and allowing you to only track and sync with a small portion of the Factom Protocol to run your application.
Built for Scaling
The Factom protocol was designed from the start for sharding. The Factom protocol is pure data. Separating token transactions and computation from the data layer allows for efficient sharding of the blockchain. An efficiently sharded data blockchain allows for continuous and real time securing of the level of data enterprise customers demand.
Build powerful protocols, audit technologies, and DAPPS with ease using Factom’s pure data architecture built for securing data.
PegNet is a stablecoin network and asset layer for decentralized finance built on the Factom Protocol. enables users to hold value, make payments, and instantly convert between any of the pegged assets supported by the protocol.
Factom Asset Token
Factom Asset Token (FAT) is a modular language-independent protocol built on Factom for Tokens and WASM powered Smart Contracts. Easily create flexible and efficient NFT’s and fungible tokens.
Frictionless Trading Platform
Convert between any listed asset for just $.001. Global without borders. Self-issue assets with no counterparty, collateral, or smart contracts.
Store Value your Way
Store value in any listed fiat currency, cryptocurrency, or precious metal with many more assets and even baskets planned.
1/10th of a cent transactions
All payments and transactions cost 1/10th of a cent whether you send five cents or five million dollars.
Cross chain, Interoperable
PegNet will be interoperable with Ethereum and other popular blockchain platforms.
Make payments in your local currency or any listed asset for just 1/10th of a cent whether you send $10 million or a micro transaction.
Scale your blockchain by utilizing PegNet for your blockchain’s payment transactions.
Settle smart contracts with any listed asset, from USD to gold.
Leverage the network of Proof of Work-based price oracles in creative ways.