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Factom Protocol Newsletter

August 1, 2019

Welcome to the August 1st, 2019, edition of the Factom Protocol newsletter. In case you missed it, here's the July 15th edition.

Usage and Development

The Factom Protocol continues to see real-world usage with more on the horizon. The protocol metrics site Factoshi showcased a rise in cumulative entries from 18,118,555 to 18,369,071 over the last 30 days.

entries-aug1.png

Total chains saw an increase from 19,895 to 28,081. "Chains" are client-defined sequences of entries (I think of them as mini blockchains) relevant to an application.

chains-aug1.png

"Who," the Core Developer from Factomize, wrote a blog post titled Pegnet Part One: Overview and Mining the Oracle. In case you missed it, his last blog post can be seen here.

PegNet is now mining on testnet. It's built on the Factom Protocol and is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets that allows for trading and conversion of value without the need for counterparties. It is a fully auditable, open source stable coin network using the competition of PoW and external oracles to converge on the prices of currencies and assets. You can read the FAQ here which includes a link to the white paper. You can follow along development or ask questions in the PegNet Discord.

Factoshi released Graff, a GraphQL wrapper for the factomd RPC API.

Factom Open API 1.1.0 was released by DeFacto.


General Happenings

The next grant round is now live (using the Automated Grant System) and grants are starting to be submitted. You won't be able to view others' grant applications until Aug 6, 2019 at 00:00 UTC when the Q/A period starts. To learn more and/or submit a grant, please go here.

Niels Klomp released parts two and three of his Factom Vision series.

The Marketing Committee selected Lightspan Digital as the protocol's social media management company.

A blog has been started on the Factom Protocol website.

We'll see you in two weeks.