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Factom News

Factom or FCT coin is a cryptocurrency for internal use on a distributed, decentralized platform based on blockchain technology with the blocks consisting of encrypted information. Speaking of the Factom platform, the project was launched in 2015 with two main purposes: expanding the size of blocks in the blockchain and the facilitation of computing power. Therefore, the size of a block now is limitless, compared with classical ones which have a capacity of just 1 MB. They were able to achieve this result through the use of sidechains that create an extra layer of information. The key function of a sidechain is to generate a hash that connects basic blocks with additional ones. The Factom team has succeeded in combining a familiar blockchain with an array of useful options. It is able to store unlimited amounts of data without the fear of being falsified. Besides common documents, any kind of application or script can be stored on its network.

Factom, an open source platform providing a data layer for the Bitcoin blockchain, has hired former Morgan Stanley investment manager Jacob Dienelt as its head ...
Wall Street Veteran, Former Nike CIO Join Bitcoin Startups
Diana Ngo
2015-04-07T11:13:18+01:00
943
The task force DEA agent who worked on the Silk Road case allegedly extorted hundreds of thousands of dollars from Ulbricht, two-thirds of bitcoins have now bee...
MAR 31 DIGEST: Former Feds Charged with Stealing Silk Road Bitcoins, 2/3 of All Bitcoins Have Been Mined
Aaron van Wirdum
2015-03-31T13:17:41+01:00
587
Italy is set to debate a powerful new amendment to its anti-terror laws, which would allow authorities to obtain any digital data from any computer system. Cryp...
MAR 26 DIGEST: Italy Debates State Access to Private Data, 60% of Funds Stolen from Cryptoine Exchange
Charlie Richards
2015-03-26T12:53:36+00:00
874
Coinbase joins powerful DC special interest group “The Internet Association” alongside Google and EBay. Coinapult teams up with Factom in technical collaboratio...
MAR 12 DIGEST – Coinbase joins powerful Internet Assoc, Coinapult teams up with Factom
Charlie Richards
2015-03-12T14:23:00+00:00
485
Factom and Tether enter into a partnership to share each other’s Bitcoin 2.0 tech, Reddit announces that its merchandise store is now accepting bitcoin, and mor...
MAR 10 Digest: Factom and Tether Announce Partnership, Reddit Accepts Bitcoin for Merchandise
Aaron van Wirdum
2015-03-10T13:44:00+00:00
750
Factom, a recently announced decentralized protocol aiming to solve the Bitcoin blockchain's problems of speed, cost and bloat, releases API and white paper.
The Factom Protocol Aims to Extend Bitcoin 2.0 Technology's Usage to Traditional Spheres
Diana Ngo
2014-11-18T16:19:00+00:00
385
The Bitcoin blockchain is one of the most amazing technologies we’ve ever come up with. It allows us to write a permanent system of record of basically anything...
This is How Factom Can Solve Blockchain’s Bloat AND Scalability Issues
Amanda B. Johnson
2014-11-13T16:14:52+00:00
863
BitAngels has named the winners of its startup competition, which was held earlier this month at the CoinAgenda conference in Las Vegas:
CoinAgenda’s Best Startup Winners: 3 Companies to Keep an Eye On
Armand Tanzarian
2014-10-31T14:59:00+00:00
2217

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