Factom News

Factom or FCT coin is a cryptocurrency for internal use on a distributed, decentralized platform based on blockchain technology with the blocks consisting of encrypted information. Speaking of the Factom platform, the project was launched in 2015 with two main purposes: expanding the size of blocks in the blockchain and the facilitation of computing power. Therefore, the size of a block now is limitless, compared with classical ones which have a capacity of just 1 MB. They were able to achieve this result through the use of sidechains that create an extra layer of information. The key function of a sidechain is to generate a hash that connects basic blocks with additional ones. The Factom team has succeeded in combining a familiar blockchain with an array of useful options. It is able to store unlimited amounts of data without the fear of being falsified. Besides common documents, any kind of application or script can be stored on its network.

The Blockchain data startup Factom has closed an $8 mln series A funding round, the second in six months.
Factom’s Latest Investment Sends Draper Startup $8mln Higher
William Suberg
The Department of Homeland Security (DHS) is preparing to utilize blockchain technology in securing the transmission and storage of data collected by security c...
Homeland Security to Use Blockchain in Tracking Goods & People Globally
Joseph Young
Tim Draper Believes His Blockchain Startup Factum Can Become Greater Than Oracle, Palantir and IBM.
Blockchain Startup Factom Gets Over $4 Mln in Funding From Silicon Valley Investors
Joseph Young
Blockchain technology company, Factom has collaborated with financial data feed company, Intrinio to put Wall Street on the Factom blockchain.
Wall Street Gets One Step Closer To Embracing Blockchain
Iyke Aru
Factom has announced a deal with iSoftStone to begin researching and implementing Blockchain solutions in 80 urban areas across China.
Factom: China Embraces Blockchain Verification
Cyril Gilson
Bitcoin developers representing some 90 percent of the commits to Bitcoin Core in the last years have written and signed an open letter to the Bitcoin community...
SEP 2 DIGEST: Bitcoin Devs Pen Open Letter to Community; UK Gov’t Explores Blockchain for Recordkeeping
Aaron van Wirdum
Tokyo police has served another arrest warrant on Mark Karpelès; the World Wide Web Consortium prepares to launch a Web Payments Working Group and more top stor...
AUG 21 DIGEST: Mark Karpeles Re-Arrested in Japan; World Wide Web Consortium to Launch Web Payments Working Group
Aaron van Wirdum
In another splash into the Bitcoin space for Microsoft, the tech giant's Civic Innovation team organized a Bitcoin event in New York earlier this week.
Microsoft Hosts bitcoinless Bitcoin 2.0 Event for 'Social Good' (Op-Ed)
Aaron van Wirdum

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