100,000 Factom Entries

Entries 100K

We are thrilled to announce that there have been over 100,000 entries in Factom so far. On December 30th the 100,000th entry was made into our blockchain marking an impressive milestone for us.

Another notable statistic is the number of blocks generated on the Factom network, we are nearing 17,500 at the time of writing.

Our software is being used progressively more by our partners and customers, after four months from the Factom Genesis we couldn’t be happier about the network usage and reliability. “Factomizing” on our network using Factom Chains is one of the advantages we offer compared to anchoring and time stamping every entry directly onto the Bitcoin blockchain.

We reached 100,000 entries in a very short timeframe and at a fraction of the cost of doing so directly on Bitcoin. Factom is working on providing a platform that can scale to million of entries per customer while keeping costs low and the Bitcoin blockchain bloat at bay.

This is a great way for us to end the year while we look forward to 2016 when we will deliver our 2nd and 3rd milestones, announce new partnerships and customers, as wells as helping make governments, businesses, and institutions easily auditable, transparent and honest. Stay tuned.

Thanks for being an awesome and supportive community. We wish you all a Happy New Year!

The Factom Foundation Team

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Posted: June 18, 2018 In Hackathon

It has been a week since we kicked off the first hackathon exclusively hosted by Factom and we couldn’t be more proud of how it went. We learned a lot, we lost sleep and we spent this last week in retrospection. With over 100 attendees, we spotted some very bright, enthusiastic, and passionate developers who came to conquer paper.

Factom launches Milestone 3: Fully Autonomous Protocol

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Posted: May 3, 2018 In Company Updates

This is the third and final milestone for the Factom Blockchain Protocol as outlined in the white paper. 

The Problems with Blockchain

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Posted: April 4, 2018 In Blockchain

We would like to take a moment to discuss the problems with blockchain, which might seem odd as we are a blockchain company. In truth, it was the problems we saw in the early stages of blockchain technology that led us to create the Factom Network.