The Factom Foundation Releases Next Version of its Software – Factom Federation

December 20, 2016
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Austin, TX (December 20, 2016) – The Factom Foundation began with the idea that unchangeable data and audit trails are the foundation for building tools that lets us operate more freely and with greater trust in the world. Two years later, we are pleased to announce the release of the Factom Federation network. The design and features of this release represent the next generation in the evolution of the Factom blockchain. We have spent the last year developing and testing our decentralized and federated blockchain. We are now ready to share it with the world.

“It has been inspiring and affirming to have a large community of like-minded individuals that has support us as we built this amazing technology,” said Paul Snow, Co-founder and Chief Architect of Factom Foundation.

Factom Federation is the second major version release of the core Factom software. It includes several protocol changes and a networking change that gives us the ability to do further upgrades on the following:

  • Eight Federated Servers – Increased censorship resistance and globally distributed.
  • Eight Auditing Servers – 8 new auditing servers supporting the network.
  • Confirmations In Seconds Instead of Minutes – 600X improvement
  • More Transactions Per Second – 5X improvement.
  • Merkle Proofs More Accessible – Proof of Existence made easy with the factomd API.
  • Distributed Peer to Peer Network – Resistant to denial of service type attacks.
  • Graphic Control Panel For Nodes – Easily see the activities of the Factom network.
  • BIP 44 Wallet Support – Factoids can now be integrated into a wider range of wallets.
  • Robust Testing Infrastructure – New public test net and suite of testing tools.
  • Support For Multiple Blockchains – Bitcoin and now the Ethereum network.

About Factom Foundation, Inc.

The Factom Foundation is dedicated to building and safeguarding the open source Factom protocol. They are on a mission to make the world’s systems honest. People and institutions today can solve hard problems and change the world for the better when they have a reliable framework to build upon.

POSTED: December 20, 2016 BY Crystal Wiese

Crystal Wiese is the Director of Marketing at Factom. Working within the startup tech scene for the past 10 years she has become passionate about taking great ideas and building a strong comprehensive narrative. Graduating from the Art Institute of Portland with a degree in Design Management, Crystal has always seen the value in creating strong ties between the technical, creative and business.