How to Apply to become a Factom Authority Node Operator

Authority Node Operators (ANOs) are the block validators of the Factom Protocol and Candidates are those companies trying to prove their worth to the ecosystem in an attempt to get promoted to ANO via the ANO Standing System. In return for providing the servers to decentralize the protocol and furthering the protocol in whatever way they see fit, ANOs are compensated 2,246 FCT per month minus efficiency.

An ANO’s “efficiency” is the percentage of FCT they set to forego receiving from the protocol as they don’t need it to operate because they are so “efficient”. This FCT instead goes into the Factom grant pool. You can see the current ANO efficiency rates here. What this means is that if you’re … Read the rest

Thoughts on Factom Inc’s Second AMA

Factom is a decentralized data integrity protocol built from the ground up that focuses on enterprise-scalability. On June 6th, 2018 Factom Inc held their second AMA where they answered questions from the community. I strongly suggest you take the time to read the full AMA but I will highlight some of the more interesting points here and let the employees of Factom Inc speak for themselves, while providing some minor commentary.

Factom Inc has at least eight clients such as integration partners like FPT Software, while most blockchains have none. Most don’t know that Factom can be an ICO platform as well and that the CEO of Factom just stated that he expects the first ICO or coin offering … Read the rest