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See how the 2-token system drives the Factom Protocol. Protocol Ecosystem Applications. Learn More. The Factom Protocol The Factom Protocol represents opportunities for businesses, governments, and other entities to record and preserve their data in an immutable and cost-efficient way. PegNet 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.
Explore Our Roadmap View Roadmap. Gates Foundation awards Factom, Inc. We provide an easy way for enterprises to add data integrity and trust to existing processes using the power of blockchain. It enables enterprise businesses to build data integrity and trust capabilities into existing apps to support compliance, auditing, and collaboration initiatives.
We provide an easy, effective way for enterprises to add data integrity and trust to existing processes using the power of blockchain. It enables enterprise businesses to build data integrity and trust capabilities into existing applications to support compliance, auditing, and collaboration initiatives. By securing the past, the future is protected with the Factom blockchain. This ensures compliance with all governmental and industry regulations. No need to join a blockchain consortium — Harmony integrates directly with your existing systems, allowing you to see the immediate benefits of blockchain technology.
As increasingly more items are enabled with IoT connectivity, it is critically important to secure and safeguard IoT data. Creating identity logs on the Factom blockchain provides data assurance, including: protection from spoofing, elimination of traditional repeater attacks, and confirmation of data integrity. These identity logs capture the identification of a device, who manufactured it, lists of available updates, known security issues and granted authorities while adding time-stamping for added security.
In developing nations, treating diseases in tumultuous environments creates significant problems for patients. Systems are unreliable, leaving patients with little recorded medical history. Creating a medical identity around an individual and securing it with the Factom blockchain solves the trust and accuracy problems in an affordable, practical way that provides unique benefits for the developing world. Harmony Integrate Providing enterprise customers a blockchain-based data registry and verifiable credential model in order to make data and processes independently verifiable.
Get in Touch. Harmony Connect With everything you need to get started, Connect is a fast way to enhance your applications with blockchain technology — no cryptocurrency or networking nodes needed. Sign Up Today. Learn More.
People who use the system have a say in how it is run, not currency holders or people who burn electricity. The Value of Entry Credits as a hacking target is greatly diminished since Entry Credits are not transferable. Who runs the Factom network? Factom servers, or nodes, are run by individuals or organizations who apply for a grant to become an Authority Node Operator ANO.
ANOs are selected by a committee based on trustworthiness, professionalism and volume of work, among other criteria. The top servers ranked by user support will be the Federated Servers, followed by the Audit Servers considered alternates to step in were a Federated Server to lose support or goes offline. For more information, see our Factom Governance documentation. Do Factoids have their own blockchain? Factoids are implemented on their own Chain in Factom.
Is there a separate Proof of Work or other consensus mechanism for Factoids, independent of Factom? That said, the Factom chain and the Entry Chain are managed by the Factom Servers they are the application using these chains so they validate them in real time. No invalid entries can be placed in these chains.
How can this system be stable with infinite inflation? Unlike Bitcoin, there is a source and a sink. The usage fees are burned, and are not captured by the Federated Servers. The Federated Servers collectively set the cost paid per entry. Their goal is to remove Factoids from the market, so the fixed payout of Factoids they earn per period increase in value.
The quantity removed from the market is price times quantity. They must find a price which is high enough to burn as many Factoids, without lowering quantity too much. There will be a negative feedback loop. High Factoid prices mean few Factoids are burned, and supply increases. Low Factoid prices mean that tons are swept from the market if usage stays constant.
Given a constant usage, the Factoids will settle at a constant price. Settling price for Factoids will be directly proportional to usage. How can I build applications on top of Factom? You can find the full coding tool set on GitHub. You will also find useful links to developer tools and documentation. Factom Blockchain. Building the Factom Blockchain Ecosystem. Factom Whitepaper. Explore Governance. Read Now.
Blockchain Explorer. Explore Now. Access the code. Authority Node Operators. Meet the ANOs. Need Help? Creating a medical identity around an individual and securing it with the Factom blockchain solves the trust and accuracy problems in an affordable, practical way that provides unique benefits for the developing world.
Harmony Integrate Providing enterprise customers a blockchain-based data registry and verifiable credential model in order to make data and processes independently verifiable. Get in Touch. Harmony Connect With everything you need to get started, Connect is a fast way to enhance your applications with blockchain technology — no cryptocurrency or networking nodes needed. Sign Up Today. Learn More. Harmony Connect. Explore Connect. Sign Up Now. Harmony Integrate.
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