Review on Factom by Robiul Islam
Factom is committed to creating and developing successful solutions that help…
Factom is committed to creating and developing successful solutions that help their clients. They want to make record storage safer than it currently is and wants businesses to recognize how revolutionary the practice of storing information on the blockchain truly is. Factom is a project with a lot of potential along with many real-world use cases. There are many significant problems that Factom could address in regards to trust, data, manipulation, and immutability.
Updated 5 years ago
Rating changed from 4 to 3
Factom Twitter is so inactive. I've seen several factom related tweets in the last few days that are worthy of likes and retweets. I strongly believe the price fall is driven by disbelieve of investors. They have good partnership news last autumn and not a single update since then.
Pros
- Factom has the ability to function on multiple servers, which allows for the execution of the protocol across several platforms, which helps to make the solution decentralized. No risk of hacking since it’s not a typical digital currency. Fatcom uses Bitcoin, arguably the most trusted blockchain, to verify its databases. Backed by the Coinsilium global blockchain accelerator.
Cons
- -Isn’t as involved on social media as other higher ranking cryptocurrencies. -Not considered a well-known or “exciting” cryptocurrency. -Factom might be ahead of its time as most of the world doesn’t yet know about its capabilities.
