Factom is a blockchain technology company based in Austin, Texas. The company was founded in 2014 by Paul Snow and David Johnston as a blockchain as a service company, using blockchain for data management and security. Its customers include the United States Department of Homeland Security, and the company previously anchored Project Gutenberg. Factom (FCT) is a cryptocurrency for internal use on the Factom platform, which is based on blockchain technology and consists of blocks of encrypted information. The Factom project was launched in 2015, the purpose of which was to increase the standard block size in the blockchain system – 1 MB. In 2015, the developers of Fantom realized that such a small block size can become a problem.

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Coin’s Details

  • Market Capitalization

    $14.5 M

  • Volume 24H

    $0.0 K

  • Blockchain

  • Circulating supply

    9 238 755

  • Total supply

    9 238 755

  • Proof type

    Proof of Work (PoW)

  • Algorithm

    Delegated Proof of Stake (DPoS)

  • Team Location

  • First announced

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