Factom - FCT

Factom FCT price, market cap & charts

Live Factom prices from all markets and FCT coin market Capitalization. Stay up to date with the latest Factom price movements and discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Factom

Price

BTC 0.00075454
USD

5.80

Market Cap

USD

55,787,347

Change % (1H)

%

0.26

Change % (24H)

%

-4.46

Factom (FCT) Historical Price & Volume Charts

What is Factom?

Blockchain to Business and Governments

Factom is a system for securing millions of real-time records in the blockchain with a single hash.

Businesses and governments can use Factom to simplify records management, record business processes, and address security and compliance issues.

Factom uses the blockchain to power a remarkable range of applications, including audit systems, medical records, supply chain management, voting systems, property titles, legal applications, and financial systems.

Download the Factom Whitepaper to understand out how business and governments can use the blockchain technology to improve their services and their profit margins.

Genesis Date: 2015-05-10

Website: http://factom.org/

Features

Factoids are traded on Poloniex under the ticker – “FCT”, making the whole project more approachable for novice users. The ticker “FCT” coupled with “Factom Exchange” should make it a lot easier for anyone to find the software tokens on Poloniex. It’s not necessary to know all the technical aspects regarding Factom or Factoids to reap the benefits of this platform.

Investors have been eagerly awaiting the addition of Factoids on major cryptocurrency exchanges since the conclusion of the Factom token sale. Factoids trading on crypto-exchanges are likely to generate additional interest in the Factom platform while allowing new community members to purchase some tokens for future use.

In preparation for the launch of the Factoids trading market on Poloniex, the Factom team also released the binaries and installers for the project’s software client recently. The Factom client provides a convenient manner of storing and transferring Factoids.

Technology

Will Factoids have their own blockchain?

Ultimately Factoids will be implemented on their own Chain in Factom. For the crowd sale, other options are possible.

How are Factoids created?

Two ways. Factoids will be created as a part of the crowd sale. Secondly, Factoids will be created at a fixed rate and paid to the Factom Servers and Audit Servers for their work running the system, and to pay other incentives.

Is there a separate Proof of Work or other consensus mechanism for factoids, independent of factom?

No. That said, the Factom chain and the Entry chain are managed by the Factom Servers (they are the application using these chains) so they validate them in real time. No invalid entries can be placed in these chains.

How do factoids get sent back to the protocol? Is it a kind of burn?

No. The Entry Credits are burned. Entry Credits are non transferable. They can only be used to buy entries. But when they DO buy entries, the Factoid in the protocol that was used to buy the Entry Credits is released. The amount of Factoids varies since the price of Entry Credits per Factoid varies.

The Factoid paid out is calculated by dividing the total number of Factoid in the protocol by the number of outstanding Entry Credits.

The number of Factoids in the protocol and the number of outstanding Entry Credits are all computable from the Entry Chain and the Factoid Chain.

Factom Wiki

beta

Factom Key Financial Information

Mkt. CapUSD 55,787,347Volume 24HUSD 417,087
Mkt. Share0.02 %Available Supply9,626,278
Change % (1H)0.26 %Max Supply0
Change % (24H)-4.46 %Total Supply9,626,278
Change % (7D)-28.86 %Proof
AlgorithmUpated: 5 months ago

Factom Historical Data

DatePriceVolume

Factom Videos

Factom (FCT) Explained - Best Altcoin in Bear Market?
Factom (FCT) Token Review: Should you invest or not?

Factom (FCT) Reviews & Critics

Factom (FCT) Explained simply. Factom has performed better than most altcoins during this bear market. Is it worth looking into? Check out https://Blockwolf.com ....

  • Heavily undervalued real working protocol. Strong buy!
  • Nice review.
  • *fewer
  • It's a great project with a good team behind it. The price is a bit crazily volatile. That's the only issue. One day it's 5 bucks, the next day it's 12!..then again it;s done 5. Lot of people swing trade with Factom perhaps?
    Copyright © 2019 Coins Critics.
    Powered by PROTEK