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What is Factom?
Factom is a company which built the Factom blockchain to solve the Bitcoin's core issue i.e. smaller block size and slow transaction speeds. Factom blockchain uses Factoids (FCT) as the settling coin for transactions. Current Factoid supply is 8,753,219 FCT. Eventually Factoids (FCT) will be issued at a fixed rate.
Factom provides two major services over its blockchain i.e. Factom Harmony (solve problems of mortgage industry) and dLoc (document authentication and verification). Factom ockchain provides the decentralized mathematically proven notarization service. Factom uses proof of process, proof of publication and proof of audit protocols to secure and verify the documents, contracts, and settlements.
Factom was developed by 8 co-founders where Paul Snow is the present CEO and David Johnston is Chairman of the Board. The team consists of 26 members and 4 advisors.
Factom Market Price Ticker Chart
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Factom Frequenty Asked Questions
Where does Factom (FCT) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Factom currently ranks in position 773 out of the top 1000 cryptocurrencies. Another important factor in popularity is Factom‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Factom has a market cap of $ 22,088,099, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 859,176,850,788, Litecoin at $ 19,452,981,792, Ethereum at $ 413,127,053,484, Tether at $ 58,354,142,064, and XRP at $ 66,298,267,028.
What is the price of Factom (FCT) today (updated in realtime)?
The current price of Factom is $ 2.38 in USD. (The price in Euros is 1,96 €; and the price in Bitcoin is Ƀ 0.00005200 BTC.)
How has Factom (FCT) performed recently?
Factom‘s price has increased in the last 24 hours by 3.92%. The change in price over the last seven days was -16.08%. The trading volume over the last 24 hours was $ 38,798. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Factom‘s (FCT) market supply?
The total circulating (available) supply of Factom is 9,780,875 FCT. The total supply of Factom is 0 FCT.
What is the 24 hour volume for Factom (FCT)?
The 24 hour volume of Factom is $ 38,798.
What is Factom (FCT) official website?
Factom‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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