Today's episode is all about Factom, an open source project which aims to solve three core problems which apply to all Bitcoin 2.0 applications: Speed, Cost, and Bloat. Rather than writing every transaction to the blockchain, Factom allows decentralized applications to write blocks of transactions to Factom blocks, which themselves get hashed and stored to the bitcoin blockchain. At its core, Factom provides Proof of Existance, which allows for any digital artifact to be reduced to a hash that proves that artifact's existance at a specific point in time. We are joined by Factom CEO, Paul Snow, and President, Peter Kirby, to explore the different applications of Factom as well as the technical workings of this very interesting and promissing project.
Today’s episode is all about Factom, an open source project which aims to solve three core problems which apply to all Bitcoin 2.0 applications: Speed, Cost, and Bloat. Rather than writing every transaction to the blockchain, Factom allows decentralized applications to write blocks of transactions to Factom blocks, which themselves get hashed and stored to the bitcoin blockchain. At its core, Factom provides Proof of Existance, which allows for any digital artifact to be reduced to a hash that proves that artifact’s existance at a specific point in time.
We are joined by Factom CEO, Paul Snow, and President, Peter Kirby, to explore the different applications of Factom as well as the technical workings of this very interesting and promissing project.
Episode links:
This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/052