Post
Topic
Board Announcements (Altcoins)
Re: [OFFICIAL THREAD] FACTOM - Offchain transactions + Factom Blocks
by
FACTOM
on 01/02/2015, 19:23:51 UTC
To Factom have some IPO or is that only protocol or something over bitcoin?

We will have a crowdsale soon, more details to be announced when we have finalized it.
Factom is a data layer for the Bitcoin blockchain. With Factom is really possible to build safer and more secure record keeping on a truly global scale.
There are three types of proof that allow Factom to do that:

  • Proof of Existence: a document existed in this form at a certain time.
  • Proof of Process: a document existed and is linked to this new updated document.
  • Proof of Audit: an updated document can be verified to have changed according to a set of rules.

Read our WhitePaper
Read our Factom Consensus Mechanism Paper Draft, open for Public Review.