What Is Factom (FCT)? | The Only Guide You'll Need

Bitcoin’s blockchain by design has core constraints which don’t leave much scope for innovative solutions. But over the past 8 years, it has proven to be the most trustable and immutable record of monetary transactions ever created. Factum Iris – A tool to track true identity and ownership of IoT things. Factom Hera – A tool to Factom is a blockchain innovations company that empowers you to see the world differently. Contact Us to find out what you can make better with blockchain. Commodity : FACTOM Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-4 weeks Investment in trade : 5% of the total Trading Balance. What Is Factom? Factom is a blockchain protocol that separates the immutability of blockchain technology from the currencies that are usually associated with it. This makes it easier and cheaper for businesses to store data on the blockchain. Factom attempts to solve three main problems seen in the Bitcoin network:. Speed – Bitcoin transactions take at least 10 minutes for a single confirmation. A factum exchange that operates using Bitcoin would satisfy the same criterion; the exchange takes place in an environment native to the subjects of the exchange (the blockchain). Transactions on the Bitcoin network and transactions involved in the exchange are one and the same (in this hypothetical exchange system).

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