FCT (Factom)

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What is FCT

Factom Harmony is our Blockchain-as-a-Service platform that helps you build Factom blockchain capabilities into your applications without cryptocurrency or infrastructure. No blockchain expertise is needed to get started! We offer complete environments for exploration, prototyping, and production use cases.

The Factom blockchain is a decentralized publication protocol for building record systems that are immutable and independently verifiable. It enables secure storage of digital proofs for data provenance and integrity solutions without disclosing private data or requiring trusted intermediaries.

Unlike other public blockchains, Factom uses a distributed ledger architecture that allows related entries to be linked chronologically in a chain for more efficient storage and retrieval. Entries can contain any kind of data, but are not intended for storing private data. Entry data is hashed before being written into an entry block, and the actual entry data is stored in distributed hash tables and shared peer-to-peer.

Each directory block is secured in the Factom blockchain is then further secured by cryptographic anchor entries written into Bitcoin. Anchoring into other public blockchains allows for interoperability and third-party security.

The public Factom blockchain is governed by a peer-to-peer network of federated servers whose membership is based on performance and community support. Anyone can read entries and submit write requests for a fixed cost based on chain and entry size. The Factom protocol is open source and anyone can run a follower node or create a private network for development and production use cases.

Token status and distribution

Total supply:38880000 FCT

Useful Links

Website: https://www.factomprotocol.org/

Whitepaper:https://www.factomprotocol.org/white-paper