What is Factom?
Factom is a next generation platform for creating enterprise tools and applications using Blockchain technology. Factom allows you to build applications on top of the Bitcoin Blockchain. Factom uses a simple API that lets you build projects that were not possible before while still harnessing the trust and security of the Blockchain.
Factom is a solution to:
- Blockchain bloat
- Off chain transactions
- Use cases and project ideas for hashing data into the blockchain
We welcome you to come check out our GitHub at https://github.com/FactomProject
Factom takes lots of hashes and turns them into a single periodic hash on the blockchain – this fixes the bloat problem.
Factum, from the latin interpretation: "Anything stated and made certain"
Factom is a simple extension of the Bitcoin blockchain that lets you build faster, cost effective applications.