FCT
FACTOM
FCT, or Factom, is a blockchain protocol designed to provide secure and immutable data storage and verification solutions. It aims to address real-world problems related to data integrity, security, and transparency by providing a decentralized platform for recording and verifying digital records and documents.
Factom uses a unique architecture that separates the data layer from the blockchain layer, allowing for efficient scalability and cost-effective data storage. The protocol leverages cryptographic techniques to ensure the integrity and authenticity of data stored on the blockchain, making it suitable for applications such as record-keeping, audit trails, supply chain management, and more. FCT is the native cryptocurrency of the Factom protocol and is used for various purposes, including paying for data storage and accessing platform features.
