Factom is the primary usable blockchain technology to resolve real-world business problems by implementing an unalterable record-keeping system.
WHAT IS FACTOM (FCT)?
Factom is a data and digital validation platform that is decentralized and is built on the Bitcoin blockchain network. Factoids are the native tokens of this platform. It creates a trustless system for ledgers that both anonymizes the user and can decentralize all data. It uses its authentication system and provides developers with a comprehensive API that can help them build great applications on top of it.
FACTOM (FCT): HISTORY
The idea for Factom developed in January 2014, when a conversation between Paul Snow and David Johnson about how blockchains could support a form of distributed identity. The coding started on Github. The project was initially named Notary Chains. The first token was sold in March 2015. In September 2015, the Factom Genesis network went live. Factom collaborated with US Dep. of Homeland Security on a project called “Blockchain Software to prove Integrity of Captured data from border devices” in June 2016.
HOW DOES FACTOM (FCT) WORK?
Factom is a platform that uses Factoids as the fuelling token. The platform offers two products. One is Factom Harmony, which is a solution to allow governments and other large organizations to store and retrieve large and complicated data quickly and securely. Different is the dLoc, which is a document verification and authentication system that can be easily integrated into any existing order to leverage the capabilities of blockchains for document verification.
HOW TO BUY FACTOM (FCT)?
First of all, you have to set a Factom wallet for storing your coins safe. There are three options available for storing your Factom coins such as Desktop wallet, paper wallet, and you can also save Factom at different exchanges such as Poloniex and Bittrex. Now you can buy Ethereum by using Coinbase so that we can exchange it for Factom (FCT).Then you can trade Ethereum for Factom (FCT).
FACTOM (FCT) PRICE PREDICTION 2018
FCT can be a profitable investment option. Factom price equal to 23.207 USD at 2018-03-20. If you buy Factom for 100 dollars today, you will get a total of 4.309 FCT. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-17 is 101.530 US Dollars. With a 5-year investment, the revenue is expected to be around +337.5%. Your current $100 investment may be up to $437.5 in 2022.The price today of Factom (FCT) is $23.207, and the market cap value is $201,217,801. It has a current supply of 8,745,102 FCT and the volume $1,417,210.