Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
Mimir
on 04/11/2016, 17:55:07 UTC
look at this news

https://www.bourse.lu/blockchain-press-release

"Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM."

if we have this on Ethereum directly, what do we need Factom for, if I may ask Huh



Try putting a decent amount of data in Ethereum for a few hours. You'll find out which platform is superior very quickly and hysterical people would say you are ddos'ing the network.

Ethereum is certainly capable of proof of existence, but that's not what it's made for and far more expensive to do, additionally you need to hold the entire ethereum blockchain just to simply access your data.

Does that sound appealing to your business?

Doing something once is easy, scaling it to enterprise level is an entirely different game. Plenty of promises by everyone in crypto, very few achieve implementation. PoS is still unproven yet everyone thinks its inevitable. Eth roadmap said PoS would have been done months ago and I don't think they are even close yet. Factom will get there, I don't mind how long it takes or where speculators shift their cash on the greatest new thing. In it for the long term.