Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share
FirmaChain Rank 529
$0.061355
FirmaChain Rank 529
Website Twitter
804,708,083 FCT

FirmaChain
FirmaChain
FCT

FirmaChain Price
$0.06

FirmaChain 24h Vol
$4,383,444

FirmaChain Market Cap
$49,372,871

24h Vol
100 BTC
1 H
-0.07 %
24 H
-0.07 %
7 d
-3.34 %
Today FirmaChain price in US dollars is currently 0.0614 USD, and if converted to Bitcoin is 0.00000140 BTC. A total of 804,708,083 FCT are currently circulating in the Market. FirmaChain price is currently experiencing a change of -0.07 %, and check here all cryptocurrency. Over the past 24 hours 0.044 M US dollars FirmaChain have been traded on Crypto Exchanges. Get FirmaChain's progress by adding it to your favourites and creating a free portfolio.
Full Name
FirmaChain
Symbol
FCT
Algorithm
BTC Price
0.00000140 BTC
BTC Market
1,130 BTC
BTC 24h Vol
100 BTC
Total Coins Mined
804,708,083 FCT
1h
-0.07 %
24h
-0.07 %
7d
-3.34 %
Twitter
Website
Share FirmaChain Price

Charts

Description

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.

Full Name Factoids (FCT)
Start Date 2015-05-10
Algorithm N/A
Proof Type N/A
Website http://factom.org/
Twitter @factomproject
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 804,708,083 FCT
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
Technology

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

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.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.