Factom (FCT) provides a blockchain-as-a-service platform for data provenance and integrity solutions built on the Factom blockchain. Organizations can use Factom to document their information so that it cannot be deleted or tampered with, thereby enhancing transparency.Established in 2014, the Factom project was designed to address the difficulty in protecting, verifying, and synchronizing distributed records and documents.
Factom was accepted into the Plug and Play FinTech accelerator in 2015 and was chosen as one of Austin’s A-List start-ups in 2016. In 2017, Factom raised approximately $8 million in a Series A led by Tim Draper of Draper Associates. The funding was used to build Factom Harmony, a Blockchain-as-a-Service platform which provides a suite of REST APIs and managed services for enterprises to build apps that preserve evidence, demonstrate compliance, increase process transparency, streamline audits, reduce cost, and automate transactions.
Best 2 Wallet For Storing Electroneum
1. Paper Wallet
If you are comfortable with paper wallets, you can make one using this guide on FactoidPapermill. By using this option, you won’t be able to download a traditional printable version of the paper wallet. But this option will allow you to generate private and public factoid addresses which you can write or print onto a piece of paper. FactoidPapermill is available for Windows, Mac, and Linux.
2. Desktop Wallet
The Factom Enterprise wallet is available on Linux, Mac, and Windows platforms. You can follow this official step by step installation guide from here, and download your wallet from this link.
3. Exodus wallet
This is, by far, the best multi-crypto wallet available on the market as of today. It also supports Factom. You can also exchange Factoids into other alcoins through the ShapeShift feature. Another way of storing Factom could be in the Poloniex wallet. This, however, brings in the risk of losing your coins if the exchange goes bust. The alternative way, however, could be a paper wallet where you get to be in charge of your private keys.
Tips for securely storing your Steem
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.