What is Factom (FCT)? Factom is a digital currency that is completely protected from fakes, as in its essence it is encrypted information, which is impossible to repeat.
Factom is a decentralized e-currency that operates using open source software. It began operations in September 2015.
Initially, this cryptocurrency was developed for the Factom platform to use FCT as a method of payment for the services provided. The platform itself helps network users to develop software or various applications using modern blockchain technology.
Start of the project Factom is marked on January 25, 2014. The goal was to create such a system that would solve the existing problems with the block size. By creating an open source platform, developers sought to expand the scalability of the decentralized network.
The Factom team consists of 8 founders and a group of developers, marketers, analysts, and managers. Principal directors and advisors:
Paul Snow is a director, an expert in open source technology, an evangelist, and chief architect of DTRules, which he founded back in 2004.
David Johnston - Chairman of the Board, Managing Director of the first venture fund Dapps, which invests in blockchain projects, co-founder of BitAngels. Known for his work in the field of biotechnology.
Brian Deery - research manager. The Lotus Elise roadster was born thanks to this man. He is a true technology innovator.
Jason Nadeau is a business development advisor, a strategic partnership. He came to Factom from Corsair Associates, where he worked as a senior director. He was also the president of the Stewart Title and the founder of the Black Knight company, in which, together with the team, he developed one of the major partner networks for the mortgage industry.
Let’s say you want to buy Factom. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy FCT.