Best Factom Cloud Mining
What is Factom? Factom or FCT is something new to the Blockchain. Unlike any other coins out there today, Factom uses the existing crypto currency technology and integrates it into the real world. It uses the technology to store data using the Blockchains that exists today. It’s confusing, I know. Anyways, this is how it works. In our current world, we use data or information to claim things. If you want to purchase a house, you need to pay for a certain amount of currency to get that house under your name. To prove that you own that house, deeds are made to prove to the Government or the people that you own that house.
That information is stored in public data centers in which anyone with the right knowledge can hack that information and play around with it. Not to mention, banks can also manipulate deeds to their own advantage, remember the crash way back in 2008? Yes, that was something that is hard to forget. Now in order to secure information, you need something that cannot be tampered. And that’s where the Bitcoin Blockchain comes in. A Blockchain is a digital ledger that keeps all the transactions recorded. Today this is mainly used for crypto currency transactions. With a Blockchain, that information is stored publicly but only the owner of that certain hash can view the information encoded in it.
What Factom does is that they secure all information needed to be kept safe and make it into a hash code. That hash code can contain anything from titles, deeds, bank statements, and whatnot. The hash is then placed into the Blockchain for safe keeping. This way no one can ever get a hold of your information and use it against you. With Factom working with Bitcoin and Ethereum’s Blockchains to secure information, their success is slowly being appreciated around the world.
Can You Mine Factom?
Due to the nature of its success as a useable technology, people would ask the question, is it mineable? The answer to that would be a big NO. You can only buy Factom or Factiods directly from websites that sell them directly. Or you can always go to websites that offer cloud mining as they often include the option for you to convert the mined crypto currencies and convert them to Factom.
There are a lot of cloud mining websites out there today that you can choose from. A short list of options in which you can choose from is listed below.
Click on the links above and you will be redirected to our reviews page in which you can read about the specifics of each cloud mining website.
Factom is clearly something different from all of the other crypto currencies out there today, well at least they are into something different and not just introduce themselves as an alternative to Bitcoin. They have used the current technology of the Blockchain and made it into something that institutions and business today can appreciate.
https://www.youtube.com/watch?v=6NF7ZqaQHqs