APIS APIS to Factom FCT Exchange

Crypto Pair Details: APIS to FCT

APIS APIS

APIS can be thought of as a masternode mediation platform that enables a wide array of crypto enthusiasts to gain access to a two-tier incentivized network, also known as the Masternode Network. As readers may know, the term “masternodes” refers to the nodes contained in a crypto network that fulfill a specific function beyond simply relaying transactions. The most striking feature of a masternode is its ability to help investors to acquire stable profits by virtue of simply locking up their holdings in the masternode for a fixed amount of time. While this may sound like a lucrative proposition, it should be clearly understood that hosting a masternode is out of reach for the average investor since it requires a substantial amount of financial capital and technical prowess. APIS, also sometimes referred to as APIS Core, has been designed atop the Ethereum public blockchain and serves as a masternode mediation platform that aims to help individual and corporate investors utilize their assets with desired masternodes easily and effectively. The platform can be accessed via a host of digital mediums including PCs, laptops, and smartphones, allowing users to maximize their overall profits while on the move.

Factom FCT

Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Businesses and governments alike can use Factom to document their information so that it cannot be modified, deleted or backdated. 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 Factom project began in 2014 which puts it on the older end of the blockchain spectrum. The team has made steady progress since then. They released the first version of Factom in early 2015 and had their token sale in the middle of that year. In August of 2015, they were accepted into the Plug and Play FinTech accelerator and were chosen as one of Austin’s A-List start-ups in May 2016. Based out of Austin, TX, the core team has multiple members with several years of experience in the blockchain space. Peter Kirby, Factom Co-founder and CEO, and Abhi Dobhal, VP Product Management, previously worked together at CoinTerra, Inc – a producer of ASIC miners for Bitcoin. The price of a Factoid is directly tied to the amount of network usage. As more businesses join the network, it will become more costly to submit Entries which will, in turn, affect the Factoid price. Once the number of Factoids being burned outpaces the 73,000 that are created each month, the currency will become deflationary. This may drive the price up even further.

SOURCE: COINGECKO

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