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Factom Protocol Newsletter

November 1, 2019

Welcome to the November 1st, 2019 edition of the Factom Protocol newsletter. In case you missed it, here's the October 15th edition. We've seen serious mining traction for PegNet, the Factom Asset Token (FAT) Protocol reached a milestone, and Factom Inc dropped some exciting news. The Factom Protocol continues to put the pieces together that will allow it to be one of the top blockchain projects in existence.

Usage and Development
Metrics from the last two weeks once again showcase that the Factom Protocol is one of the most used blockchain platforms in crypto. In addition to the Factom Protocol Open Node processing more than 60 million requests in the last 30 days, the protocol metrics site Factoshi showcased a rise in cumulative entries from 18,369,243 to 20,865,395 over the last 3 months.

Screenshot 2019-10-31 at 3.08.10 PM.png

Total chains saw a strong increase from 28,096 to 43,012 over the last 3 months. "Chains" are client-defined sequences of entries (I think of them as mini blockchains) relevant to an application.

Screenshot 2019-10-31 at 3.09.23 PM.png

Total mining hash rate for PegNet, the stablecoin network built on top of Factom, has been going through the roof the last two weeks. The current hash rate is equivalent to around 40,000 Raspberry Pi's.

Screenshot 2019-10-31 at 2.55.17 PM.png

While we're talking PegNet, one of the use cases of PegNet is along the lines of Bitcoin Lighting except for any asset. As such, it's nice to compare the two:


The Factom Asset Token (FAT) Protocol, which is a tokenization platform built on top of Factom has released version 1.0 and is now production ready. This means tokenization has come to Factom.

Sphereon released the Live Feed API for Factom. The Live Feed API can send real-time information about what is happening on the Factom network as well as provide status information on the FactomD node itself.


UK Banking Pilot Aims to Streamline Compliance Using Factom Blockchain

General Happenings

Paul Snow gave a talk at the Free State Blockchain Conference titled PegNet - Building a Payments and Store of Value Network on the Factom Protocol.

A Guide to converting FCT to PEG on OSX and Linux was written by Factoshi.

We'll see you in two weeks.