What Is Factomprotocol?
The live Factomprotocol price today is $1.92 USD with a 24-hour trading volume of $12,982.21 USD. Factom is up 6.05% in the last 24 hours. The current CoinMarketCap ranking is #752, with a live market cap of $18,949,734 USD. It has a circulating supply of 9,859,069 FCT coins and the max. supply is not available. If you would like to know where to buy Factom, the top exchanges for trading in Factom are currently Bittrex, Liquid, and qTrade. You can find others listed on our crypto exchanges page.
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 for business and government. The fixed cost and dual token design of the protocol reportedly enables subscription models where customers do not have to hold tokens despite their being used automatically in the background.
Factomprotocol Coin team views the Factom protocol as a global utility for companies to provide seamless access to applications with no unnecessary interaction with the integrated, underlying technology. The vision of the team is for the Factom protocol to ‘enable a future where users are able to trust their documents, digital data, and all network connected “things” while allowing developers to create new, world-changing applications’.
Factomprotocol Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Factomprotocol |
| Short Name | FCT |
| Circulating Supply | 9,859,068.82 FCT |
| Total Supply | 9,859,214 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Feature
Low and Stable Cost
The Factomprotocol is unique in that the cost to write data to the blockchain is fixed and unrelated to the wider cryptocurrency market. This is because of its unique two-token design, which allows a company to secure its data with the protocol while knowing exactly what it will cost, and without using or holding any volatile cryptocurrency.
DApps
Build powerful protocols, audit technologies, and DAPPS with ease using Factom’s pure data architecture built for securing data.
The Security of Bitcoin and Ethereum, Brought to Your Data
The Factomprotocol Coin 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.
PegNet
PegNet is a stablecoin network and asset layer for decentralized finance built on the Factom Protocol. PegNet enables users to hold value, make payments, and instantly convert between any of the pegged assets supported by the protocol.
The Protocol
The Factomprotocol represents opportunities for businesses, governments, and other entities to record and preserve their data in an immutable and cost-efficient way. Efficient, scalable, and inexpensive, the Factom protocol paves the way for worldwide data security at the second layer. Sync your company’s audit trails, build DAPPS and digital identities, issue flexible non-fungible tokens, and more.
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.
Factom Asset Token
Factomprotocol Coin 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.
Ecosytem
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