Factom Price $6.02 | FCT Price Charts Market Cap Index

Factom Price $6.02 | FCT Price Charts Market Cap Index

Get Factoids (FCT) live price charts, high low price graph, price history, live market exchanges & detailed cryptocurrency info. FCT to USD (FCT/USD). Factom price today ✓ $ $6.02 USD (-2.04 %) Factom Stay up to date with the current price of Factom for 1 hours, 24 hours, 7 days, 1 month, 1 year, and more.
Factoids (FCT) Crypto Coin Rank 82
Website r/Factoids (FCT)
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Factoids (FCT)
Factom
FCT Coin Values FCT

Factoids (FCT) valuesUSD Price
$6.02

Factoids (FCT) BTC Price
0.0015

Factoids (FCT) 24h Vol
$80,123

Factoids (FCT) Market Cap
$56.67 M

Factoids (FCT) Circulating
9,413,994

24h Vol
20 BTC
1 Hr
-0.24 %
24 Hr
-2.04 %
7 Day
-6.82 %
Today Factoids (FCT) price in US dollars is currently $6.02 USD, and if converted to Bitcoin is 0.0015 BTC. A total of 14,307 coin's are currently circulating in the Market. Factoids (FCT) prices are currently experiencing a change of -2.04 %, check all cryptocurrency. Over the past 24 hours $80,123 US dollars Factoids (FCT) has been traded on Crypto Exchanges. Get Factoids (FCT)'s progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Factoids (FCT)
Start Date
2015-05-10
Algorithm
N/A
Proof Type
N/A
Factoids (FCT) Block NumberBlock Number
N/A
Factoids (FCT) Block TimeBlock Time
N/A
Factoids (FCT) Block RewardBlock Reward
N/A
Total Coins Mined
9,413,994 FCT
Max Supply
0
Factoids (FCT) Net Hashes Net Hashes
N/A
FCT Charts

Factoids (FCT) Price Charts

Description

Factoids (FCT) Coin Description

Blockchain to Business and Governments

Factom is a system for securing millions of real-time records in the blockchain with a single hash.

Businesses and governments can use Factom to simplify records management, record business processes, and address security and compliance issues.

Factom uses the blockchain to power a remarkable range of applications, including audit systems, medical records, supply chain management, voting systems, property titles, legal applications, and financial systems. 

Download the Factom Whitepaper to understand out how business and governments can use the blockchain technology to improve their services and their profit margins.

Technology

Factoids (FCT) Coin Technology

Will Factoids have their own blockchain?

Ultimately Factoids will be implemented on their own Chain in Factom. For the crowd sale, other options are possible.

How are Factoids created?

Two ways. Factoids will be created as a part of the crowd sale. Secondly, Factoids will be created at a fixed rate and paid to the Factom Servers and Audit Servers for their work running the system, and to pay other incentives.

Is there a separate Proof of Work or other consensus mechanism for factoids, independent of factom?

No. 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 do factoids get sent back to the protocol? Is it a kind of burn?  

No. The Entry Credits are burned. Entry Credits are non transferable. They can only be used to buy entries. But when they DO buy entries, the Factoid in the protocol that was used to buy the Entry Credits is released. The amount of Factoids varies since the price of Entry Credits per Factoid varies.  

The Factoid paid out is calculated by dividing the total number of Factoid in the protocol by the number of outstanding Entry Credits.  

The number of Factoids in the protocol and the number of outstanding Entry Credits are all computable from the Entry Chain and the Factoid Chain.  

Features

Factoids (FCT) Coin Features

Factoids are traded on Poloniex under the ticker – “FCT”, making the whole project more approachable for novice users. The ticker “FCT” coupled with “Factom Exchange” should make it a lot easier for anyone to find the software tokens on Poloniex. It’s not necessary to know all the technical aspects regarding Factom or Factoids to reap the benefits of this platform.

Investors have been eagerly awaiting the addition of Factoids on major cryptocurrency exchanges since the conclusion of the Factom token sale. Factoids trading on crypto-exchanges are likely to generate additional interest in the Factom platform while allowing new community members to purchase some tokens for future use.

In preparation for the launch of the Factoids trading market on Poloniex, the Factom team also released the binaries and installers for the project’s software client recently. The Factom client provides a convenient manner of storing and transferring Factoids.

Factom News
Crypto Price Watch: Litecoin (LTC), Revain (R) and Factom (FCT) Surge in the Top-50 as Other Altcoins Continue to Struggle

Crypto Price Watch: Litecoin (LTC), Revain (R) and Factom (FCT) Surge in the Top-50 as Other Altcoins Continue to Struggle
Over the course of the past 6 hours, Litecoin has gained considerable financial traction, with the price of a single LTC token currently hovering arou... Read More

Full-Blown Reversal for the Price of Factom [FCT]

Full-Blown Reversal for the Price of Factom [FCT]
Factom has moved back below $10 after a prolonged bullish increase. The bullish movements in Factom were extraordinary given that it took place amid t... Read More

Factom [FCT] Begins to Reverse After Prolonged Outperformance

Factom [FCT] Begins to Reverse After Prolonged Outperformance
Factom is a project which applies blockchain technology to provide data integrity and trust solutions. The project has strong support with well-known... Read More

Trading Becomes Volatile for Factom [FCT] Amid Bearish Market Conditions, Will This End Its Over 200% Bullish Run?

Trading Becomes Volatile for Factom [FCT] Amid Bearish Market Conditions, Will This End Its Over 200% Bullish Run?
Factom has been one of the best performing cryptocurrencies recently after appreciating from support around $4 about a month ago to around $16 yesterd... Read More

Factom [FCT] Continues Surge With Strong Buyer Momentum

Factom [FCT] Continues Surge With Strong Buyer Momentum
Factom has been the standout performer over the past month. The price has increased from support around $4 to a high of $16 today, a 300% appreciation... Read More

Factom [FCT] Continues to Outperform After Volatile Trading Session

Factom [FCT] Continues to Outperform After Volatile Trading Session
Despite the bearish market condition which took place over the past few weeks, Factom has continued outperform other major cryptocurrencies. Trading i... Read More

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