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Factom (FCT)

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Factom (FCT) is a blockchain-based platform for record keeping that was launched in 2014 by Paul Snow and David Johnston. Factom is aimed primarily at enterprise customers that can leverage the data registry and verification strengths of a decentralized system to make their services more streamlined. In 2017, Factom raised over $8 million in a round of funding that was led by Tim Draper of Draper Associates.

Factom’s services does not require companies to make use of cryptocurrencies, instead focusing on helping businesses leverage the strengths to enhance their current business models and workflows. Among others, Factom’s target industries and use cases are the mortgage industry, the Internet of Things and healthcare records.

Factom has two major products: Harmony Integrate and Harmony Connect. The former lets businesses build private blockchains for workflows and systems, while the latter allows them to enable blockchains in applications. Together, these products function as a Blockchain-as-a-Service (BaaS) platform that lets businesses easily deploy blockchain solutions into their services and products. Like other BaaS services, it does not require technical expertise to execute. 

Factom has been working on security and scalability improvements in Q2 2019, and the recent Protocol Grant 012 saw the team increase both considerably. In June, the team released an updated version of their Harmony Integrate product, which allowed enterprises to add data integrity and cryptographic auditability to existing processes. The rest of 2019 will see various such improvements to the network.


PegNET: Dynamically On-boarding New Assets

29 Feb 2020 10 minute read 1 comment PegNet

At the time of writing, adding a new asset to PegNet is possible but it is a laborious manual process: Find at least two APIs that provide free and reliable* data for the market price Create a polling adapter that is able to read the API endpoint an...

4 Cryptos That Are Yet To Explode In Altseason Q1/Q2 2020

13 Feb 2020 5 minute read 39 comments Adamic0

It looks like the alt season is beginning - almost every asset is picking up and making much better gains than Bitcoin. This is the time for the ardent cryptocurrency trader who hopes to make decent returns.  There’s no way of knowing whether this wi...

Factom Rising From the Ashes - 61% UP in Just 7 days

11 Feb 2020 5 minute read 5 comments CryptoChartWizard91

Factom is back alive as it rises from the ashes and surges by 61% in just 7 days! The cryptocurrency has actually increased by a total of 83% in 2020 alone and, after a brief retracement, we can expect this bullish run to develop higher. Factom was s...

Reaching PegNet Community Consensus via PoW

20 Jan 2020 4 minute read 3 comments PegNet

One of PegNet’s selling points is decentralization — officially there is nobody in charge of PegNet. It works as long as the people using it agrees to play by the same rules, which at the moment is done by everyone using the same software: pegnetd. A...

Mining PEG tokens on Windows [EASY BEGINNER GUIDE]

14 Jan 2020 4 minute read 15 comments CryptoMoneyMaker

Mining is a very important facet to the entire PegNet network. The prices on the PegNet decentralized exchange are reported by the PegNet mining community (you guys!) and this enables the entire project to be able to function as it does! The mining p...

Was PegNet Fairly Launched?

13 Jan 2020 4 minute read 5 comments PegNet

PegNet is the CPU mineable stablecoin and synthetics network for DeFi. As a mineable token, people often want to know if it was fairly launched and if there was a premine. I have gone back through history to showcase that PegNet was, in fact, fairly...

Jedi Fight on CoinMarketCap - PegNet Finally Listed

18 Dec 2019 1 minute read 1 comment DoYouEvenCrypto

Hi again everyone, I’m back with more PegNet news and things are just getting better and better. After seeing the participation of more mining pools, increasing its hash rate and making improvements to the network, PegNet has hit another milestone....

Factom Burned Over 8% of Its Supply - FCT and PegNet on the Rise

9 Dec 2019 1 minute read 0 comments DoYouEvenCrypto

Brace yourselves for some big moves upwards for Factom, people - a new upgrade is almost on the network. This is an upgrade that brings multiple benefits relating to predictability of supply, arbitrage and security. Factom Chairman of the board David...

"PegNet to be a TOP 30 Asset in 2020" - AMA With Paul Snow (Factom CEO)

5 Dec 2019 6 minute read 0 comments DoYouEvenCrypto

Hello again and welcome to another issue of the latest in PegNet news. The last few times, we talked about the AMA with Factom's David Johnston, PegNet’s increase in hash rate and the joining of F2Pool mining, and generally about how you yourself cou...

Data Reveals F2Pool Mining Pool Giant Connection To PegNet - Hashrate Goes Parabolic

27 Nov 2019 2 minute read 1 comment DoYouEvenCrypto

So it’s been a while since I’ve posted, sorry about that, but at least I have some VERY good news to talk about - PegNet is growing incredibly and it looks like major mining pool F2Pool is also getting into mining PEG.  A lot has happened in the past...