What is factom (FCT)?

Factom is an enterprise-grade blockchain layer. It acts as a crosschain solution that allows independent nodes to communicate with Bitcoin through the Factom protocol. Instead of storing entire records on the blockchain, it acts as an encrypted, immutable directory. Factoids (FCT) are the native cryptocurrency coins used by the Factom blockchain.

What is the factom project?

The Factom project started with the establishment of the Factom Inc., a Texas-based company dedicated to the innovations in the blockchain technology back in 2014. The initial version of the Factom platform was released in early 2015, followed by the token sale.

What is coinfacts?

As the most comprehensive database for U.S. coins on the internet, CoinFacts is a collector’s leading educational resource for buying, selling, and collecting coins. CoinFacts includes historical narratives to help you learn about the coins you love accompanied by relevant and up-to-date collectible coin value information.

What is the FCT token?

The FCT token is the platform's native cryptocurrency. It is used to transfer value and can be traded on various cryptocurrency exchanges with a variable value. The token used to enter the data into the Factom blockchain is the entry credit (EC). The Factom protocol was cofounded by Paul Snow and Jack Lu in 2014.