|Coin Proof||Delegated Proof of Stake|
Factom is a distributed, autonomous layer residing on top of the Bitcoin blockchain. The goal of Factom is to provide the power of Bitcoin’s blockchain to a nearly unlimited range of applications and uses. Further, Factom is architected such that its users do not need any cryptocurrency whatsoever.
A distributed, immutable ledger is the radical, foundational, and unprecedented technology represented by the Bitcoin blockchain. The dream of many is to extend the honesty inherent to an immutable ledger validated by math to chaotic, real-world interactions.
By allowing the construction of unbounded ledgers backed by the blockchain, Factom extends the benefits of the blockchain to the real world. - source
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