Factom Price (FCT)
Factom Price (FCT)
Factom is the blockchain technology to solve real-world business problems It provides an unalterable record-keeping system. Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Factom’s technology decentralizes record keeping by ensuring that the integrity of stored data remains intact, providing complete transparency, while at the same time maintaining user privacy in an increasingly digital world. The idea for Factom grew in January 2014, while a conversation between Paul Snow (now CEO) and David Johnston (now Chairman of the Board) about how blockchains could support a form of distributed identity.Under six months of conversation it was progressed to the first Github commit, and within the first year both the Factom white paper and Version 0.1 were released. The first software tokens (Factoids) were sold in March 2015.A major part of Factom’s history has been their partnerships with major institutions, such as the government of Honduras (to secure the land deed record and avoid the problem of fraudulent and incorrect land title claims) and the Department of Homeland Security in the US (for securing Internet of Things devices).
Factom Price INR History
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Factom Price History and Analysis
Factom Price in India (FCT Price in INR)
Factom is a decentralized storage platform, which works with a secure blockchain. Any organization or company can store their data privately on the blockchain. Factom's innovation is based on the data layer created on the Bitcoin blockchainFactom was made to conquer a portion of the weaknesses of Bitcoin blockchain. To be sure, the Bitcoin arrangement can't bolster an extensive volume of exchanges without an effect on the executives expenses. Factom offers a blockchain that can adjust to a substantial number of activities while offering lower costs. The Factom arrange utilizes its very own tokens, the Factoids (FCT). This cash is utilized as a section charge for organizations to store and secure their archives in the blockchain.
FCT price in INR in 2017
On 1st September, 2017 the initial price of Factom in India was INR 2061.18 and in this month the team factom released their Enterprise wallet with encryption and there was decline in the Factom Price in India and it closed the month September 2017 with FCT to INR 1198.12 on 30 September 2017. On 1st december 2017, The price of Factom in India was INR 1505.15 and finally it rose up as high and closed the month December 2017 with FCT to INR 43559.04.
Factom price in INR in 2018
On 1st January, 2018 the FCT price in India was INR 4460.34 and it dipped down and reached FCT to INR 2430.92 on 31 January 2018. FCT price in India on 1st February, 2018 was INR 2472.38 and there was decline in the price and it was trading at FCT to INR 2117.37 on 27 February 2018 which kept plummeting for the whole year with a slight bullish trend from 12th to 27th April and finally closed at value INR 627.73 on 31st December 2018.
Factom price in INR in 2019
In the beginning, Factom price in INR was 569.89 and FCT price reached maximum of 775.50 on 12th May, 2019 and by the end of the year on 31st December 2019 it slid back to INR 134.16.
Factom price in INR in 2020
On 1st January 2020, Factom price started with INR 156.81 and has reached Highest by far on 11th February 2020 at INR 295.69 with sliding back to INR 113.87 on 13th March and recovering at INR 142.14 as on 1st June
The Factom Blockchain is orders of magnitude less expensive and has orders of magnitude more capacity for transaction volume.
Factom also has built-in layers of redundant security that other blockchains do not offer.
The layering effect of security ensures the immutability of its blocks.
The Factom blockchain offers a theme tracking capability that helps those wishing to do large volumes of transactions. This enables the ability to chain together data you care about and forget the rest of the data set.
Buy and sell Factom at the best price in INR
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