Their design lacks several of the key features of my design wherein I can (in theory) attain confirmations in seconds or less with real world network performance far in excess of Visa scale with current hardware and internet connections. I did see one key element of my design in their design, but Dash Evolution sort of has this same element too, so this one element is not the key epiphany to get to my design.
The following criticisms of Factom appear to apply to this Bitcoin-NG proposal as well:
Since Factom uses the Bitcoin block chain, it doesn't defeat selfish mining employing my math derivation.Since Factom uses the Bitcoin block chain, it doesn't fix mining so that proof-of-work is unprofitable for ASICs and thus only the users mine.Since Factom uses the Bitcoin block chain, it doesn't eliminate the 51% attack.Factom transactions don't become irreversible for 10 minutes, whereas my design is on the order of a second or seconds to become irreversible.