Exchange Factom

FCT Price Live Data

The live Factom price today is $ 0.49 usd with a 24-hour trading volume of $14 usd. We update our FCT to usd price in real-time. Factom is down 0% in the last 24 hours. The current coinmarketcap ranking is #1061, with a live market cap of $5 134 566 usd. It has a circulating supply of 4 951 184 FCT coins and the max. Supply of 4 951 184 FCT coins.

What Is Factom (FCT)?

Factom is the first usable blockchain innovation to take care of genuine business issues by giving an unalterable record-keeping framework. By making an information layer on top of the Bitcoin blockchain, Factom’s conveyed record innovation gets a great many ongoing records in the blockchain with a solitary hash utilizing cryptographic separation. Organizations and state run administrations the same can utilize Factom to archive their data so it can't be adjusted, erased or predated. Factom’s innovation decentralizes record keeping by guaranteeing that the respectability of put away information stays in one piece, giving total straightforwardness, while simultaneously keeping up with client security in an undeniably computerized world.

The Factom project started in 2014 which puts it on the more established finish of the blockchain range. The group has gained consistent headway from that point forward. They delivered the primary rendition of Factom in mid 2015 and had their symbolic deal in that year. In August of 2015, they were acknowledged into the Plug and Play FinTech gas pedal and were picked as one of Austin’s A-List new companies in May 2016. Based out of Austin, TX, the center group has various individuals with quite a while of involvement with the blockchain space. Peter Kirby, Factom Co-organizer and CEO, and Abhi Dobhal, VP Product Management, recently cooperated at CoinTerra, Inc – a maker of ASIC excavators for Bitcoin.

The cost of a Factoid is straightforwardly attached to how much organization utilization. As additional organizations join the organization, it will turn out to be all the more expensive to submit Entries which will, thusly, influence the Factoid cost. When the quantity of Factoids being scorched outperforms the 73,000 that are made every month, the cash will become deflationary. This might drive the cost up even further.