Factom is a general purpose data protocol and tokenization platform that extends blockchain’s immutability and security to any form of data. To decentralize the protocol, there will eventually be 65 Authority Node Servers run by 65 Authority Node Operator (ANO) companies. To incentivize the companies to decentralize the protocol and enable them to pay their bills and profit, the protocol rewards them with 1,123 FCT per month, per server, minus efficiency*. With the increasing popularity of the protocol and thus the potential for appreciation in value of the Factoid (FCT – the native token of the protocol), becoming an ANO is becoming increasingly popular and competitive.
Anyone can apply to become an ANO, the hard part is getting elected as … Read the rest
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
Factoshi Ltd, one of the initial 21 Authority Node Operators, has posted their first monthly update. Read the update at Factoshi’s blog.… Read the rest