Quote from: coin@coin on July 24, 2017, 01:43:39 PM

Quote from: bitChipper on July 23, 2017, 03:10:43 PM

Quote from: lolikop on July 11, 2017, 01:11:56 AM

Quote from: darlidada on July 10, 2017, 09:57:01 PM

is there a release date of M3?

No, probably 2019-2020 when most factoids are burned

What is m3?

And could you elaborate more on these coins being burned?

Thanks!

M3 is Milestone 3 when the factom network will be fully federated and decentralized.
Federated Servers will then be elected by users of the factom network.

Every time someone make an entry into Factom they need an entry credit, entry credits are sourced from Factoids which get converted to Entry credits. When FCT are converted to EC they are burned.

So these federated servers who get elected by the users, how will the selection process go? Also i understand there are 3 types of factom servers, are federated servers the ones who actually input the entries?