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What Is Factomprotocol.org ? (FCT) Complete Guide & Review About Factomprotocol.org

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What Is Factomprotocol.org?

Factomprotocol.org describes itself as an ‘open source, decentralized data integrity protocol built by an international coalition of companies that extends the security of blockchain to any data type’. The protocol is reportedly easy to integrate with any system, thereby providing a low, fixed cost source of indisputable truth and verification for business and government. The fixed cost and dual token design of the protocol reportedly enables subscription models where customers do not have to hold tokens despite their being used automatically in the background.

Factomprotocol.org team views the Factom protocol as a global utility for companies to provide seamless access to applications with no unnecessary interaction with the integrated, underlying technology. The vision of the team is for the Factom protocol to ‘enable a future where users are able to trust their documents, digital data, and all network connected “things” while allowing developers to create new, world-changing applications’.

Factomprotocol.org Storage Key Points

Coin Basic Information
Coin Name Factomprotocol.org
Short Name FCT
Circulating Supply9,742,803 FCT
Total Supply9,742,948
Source CodeClick Here To View Source Code
Explorersexplorer.factom.pro
Twitter Page Click Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project Website Click Here To Visit Project Website

Features

Low, Fixed Cost

Factomprotocol.org Fixed at $0.001 USD per transaction and $0.012 USD per new token issuance, FAT has 99% lower transaction and issuance costs than Ethereum Tokens with similar features and speed.

FAT Standards

Factomprotocol.org FAT standards are data only, and are written in universal formats that most programmers already know. Design any logic you desire into FAT token functionality.

Safe

Factomprotocol.org Sending and issuing FAT tokens does not require buying crypto from exchanges. The tokens used to pay for FAT transactions & issuances, Entry Credits, are fixed priced and non tradeable, and purchasable online instantly, allowing easier budgeting and reducing regulatory uncertainty.

Secure

Factomprotocol.org FAT is built on Factom, a decentralized Blockchain, with dozens of companies running and building on Factom worldwide. Every 10 minutes Factom’s data is anchored into the Bitcoin and Ethereum Blockchains to prove its existence and secure it forever.

Thriving Community

Factomprotocol.org Harness one of the most active and qualified blockchain communities in the world since 2014: The Factom Community. Companies have been awarded multiple Department of Homeland Security, Department of Energy, and Gates Foundation grants for their solutions built on the Factom protocol.

WASM Powered Smart Contracts

Factomprotocol.org Build smart contracts in almost any language on FAT using WASM to control tokens and conduct trustless business processes

Decentralized Exchange (Coming Soon)

Factomprotocol.org Trustlessly exchange Fungible and Non-Fungible tokens for one another with zero trade fees and no central party, only for the low price of entries on the Factom blockchain.

Protocol

Factomprotocol.org represents opportunities for businesses, governments, and other entities to record and preserve their data in an immutable and cost-efficient way. The Factom Asset Token protocol (FAT protocol) is an open source tokenization protocol built on the Factom blockchain. The FAT Protocol provides a highly efficient and secure infrastructure to issue tokens for just cents.

DApps

Factomprotocol.org Build powerful protocols, audit technologies, and DAPPS with ease using Factom’s pure data architecture built for securing data.

PegNet

Factomprotocol.org PegNet is a stablecoin network and asset layer for decentralized finance built on the Factom Protocol. PegNet enables users to hold value, make payments, and instantly convert between any of the pegged assets supported by the protocol.

Factom Asset Token

Factomprotocol.org Asset Token (FAT) is a modular language-independent protocol built on Factom for Tokens and WASM powered Smart Contracts. Easily create flexible and efficient NFT’s and fungible tokens.

Technologies 

Factomprotocol.org Asset Token protocol (FAT protocol) is an open source tokenization protocol built on the Factom® blockchain that is efficient, modular, composable, and extensible allowing developers to layer token functionality to meet their specific use case. The FAT protocol is built around a set of open source standards that establish a pure-data tokenization implementation directly within the efficient data structure of the Factom® blockchain

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.



Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.
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