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