The blockchain allows not only the storage of large amounts of information with full security guarantee, but also the quick verification of the authenticity of any document. In addition, it is impossible to falsify or modify the data stored in the blockchain system because only the user who created it has access to it. Any company can use this technology to ensure the secure storage of confidential data.
In an interview with CoinDesk, investor Tim Draper noted that the platform can alleviate the problems of centralized data storage services.
“Centralized data is exposed to critical problems in the event of a specific error, whether user error or malicious hacking. By decentralizing data through the blockchain system, Factom eliminates critical failures due to user errors or hacker intervention.”
The project already has a company product. A data protection tool that provides a solution for identifying and distributing the data repository. Similar to a traditional database.
Factom Coin Course – Development – Forecast
Factom Coin Price Development Forecast
Today the price for an FCT coin is $33, trades are held on many exchanges where you can buy this coin. When the Fact om Token is popularized, the number of exchanges where it can be sold, bought or exchanged for Fiat money increases.
There are about 8.7 million units of the token in circulation. The development team plans to release it further, as the crypto currency is to be popularized. This can and probably will have an impact on the FCT Coin price.
The crypto currency and its price shows a stable growth throughout its existence, which speaks for a positive factom coin forecast.
Future Factom Coin Development
The Fact/om Coin seems to be quite a promising project with a great future, testifies to the success of the ICO, which has already attracted more than $11 million in the early stages. It should be noted that investors in the project are such well-known companies as Fenbushi Capital, the Bill and Melinda Gates Fund, Draper Associates, Overstock and Stewart Titles.
The company Microsoft as well as several large companies and banks have expressed their interest in the project. They all take into account the possibility of using the Fact/om system to store their databases with quick access to information and with a high degree of protection.
Not so long ago, the company launched a new project for its Blockchain network. It attracted a stake in capital investments of around $4.2 million. This time the investment cycle was led by venture capitalist Tim Draper.
According to the news of the site Frisco Fastball: Any financing shows the confidence of investors in the company. On average, start-ups in this sector sell about 67.77% of the total supply of coins, Faktom Coin sold 100.00% of its “offer”, so no comment. This huge interest in the project will have a positive impact on factom coin development and we could see a test of the all-time high at $80. But the external market conditions in the crypto industry must also be suitable for this.
Create Factom Wallet
The wallet and the FCT token function similarly to Bitcoin: security is increased with a multi-signature function. In this case, transaction processing is restrictive – if the FCT Coin address or other data is entered incorrectly or the system detects another deviation, the invalidity of the transaction is displayed and the operation is rejected.
What is a Faktom Coin (FCT) address? This is analogous to the bitcoin address that prescribes the way to your credit in the system. To completely decentralize the crypto currency, the tokens are specified in protocols that exclude spam. Coins can be converted into loans and paid to servers.
Where can I buy the Factom Coin?
The crypto currency can be stored using an official electronic wallet, which you can open after registering on the official website. Immediately after registration, it is suggested that you open three types of Factom Wallet:
the mobile version;
the version for PC;
the online wallet.
Among all types of wallets, Faktom Coin’s online wallet is the most practical and popular among network users, but we would recommend a computer version. It has a simple but practical design and broad functionality.