FACT0RN $FACT is a blockchain project using integer factorization as Proof-of-Work to secure transactions and advance research. More
| Fully Diluted Valuation | $2.55M |
|---|---|
| 24H Trading Volume | $6,759 |
| 24H Low / High | $2.36 / $ 2.45 |
| Circulating Supply | 1.07 M |
| Total Supply | 1.07 M |
| Max Supply | ∞ |
| Categories | Proof of Work (PoW) 2 more |
|---|---|
| Founder | Escanor Liones |
| Website | fact0rn.io Whitepaper |
| Socials | 1 more |
| Explorer | Factexplorer |
| Name | Pair | OG Score |
|---|
FACT0RN $FACT introduces a groundbreaking approach to blockchain technology by transforming traditional Proof-of-Work (PoW) mechanisms. Instead of relying on conventional hashing, FACT0RN $FACT leverages integer factorization as a PoW model, bringing innovative value to both academic research and private sector applications.
Project Overview
At its core, FACT0RN $FACT embodies the vision of creating a sustainable and impactful PoW blockchain. Unlike conventional PoW systems, where computational power is used solely for network security, FACT0RN $FACT redirects this effort into solving integer factorization problems—a process with real-world value for fields like mathematics and cryptography.
The project aligns with the original ideals of blockchain technology: decentralization, transparency, and immutability, while also adapting to the modern need for energy-efficient and socially beneficial protocols.
FACT0RN $FACT is developed by Escanor Liones and a core team of volunteers. The project operates without venture capital funding and solely relies on voluntary donations. The team encourages contributions and input from the community to enhance the protocol further.
Key Features
Integer Factorization as PoW:
FACT0RN $FACT replaces traditional hashing with integer factorization as its Proof-of-Work model. This creates a dual purpose for computational power: securing the blockchain and advancing academic and private-sector research.
Transparency and Decentralization:
Built on Satoshi Nakamoto’s principles, FACT0RN $FACT ensures a secure and transparent ledger while incorporating work that benefits society as a whole.
Energy Efficiency with Value Creation:
FACT0RN $FACT transforms energy-intensive PoW into a mechanism that supports mathematics research and other computational fields, enhancing sustainability.
Open Development and Governance:
The development of FACT0RN $FACT is managed through open collaboration, with no private investors involved. The project is driven by community engagement and donations to fund research and development.
Use Cases
Advancing Mathematical Research:
By incorporating integer factorization into its PoW model, FACT0RN $FACT directly contributes to academic research in mathematics and cryptography.
Private Sector Applications:
The computational work achieved through FACT0RN $FACT’s network can be applied to industries requiring factorization-based algorithms for data security, encryption, and more.
Blockchain Sustainability:
FACT0RN $FACT demonstrates how blockchain networks can align computational work with societal advancement, setting a precedent for future innovations in the space.
Founders and Contributions
FACT0RN $FACT is led by Escanor Liones and supported by a dedicated group of volunteers. The project has a grassroots approach, relying on community involvement rather than external investments.
The voluntary donation system funds the following:
Development of the FACT0RN $FACT blockchain.
Mathematical and academic research.
Creation of related tools such as factoring software and hardware.
Partner Ecosystem
While FACT0RN $FACT is still in its early stages, it fosters partnerships with academic and research communities to expand its impact. Additionally, proposals are welcomed to improve its ecosystem and broaden its use cases.
Conclusion
FACT0RN $FACT stands out as a pioneer in the blockchain industry by redefining the purpose of Proof-of-Work, making it both valuable and sustainable. By aligning blockchain technology with academic advancement and societal benefit, FACT0RN $FACT demonstrates the potential for a more purposeful future in decentralized networks.
Whether you're a researcher, developer, or blockchain enthusiast, FACT0RN $FACT invites you to contribute to its mission of innovation and impact.
FACT0RN $FACT replaces traditional Proof-of-Work (PoW) hashing with integer factorization, advancing mathematics and cryptography while securing the blockchain.
The founder of FACT0RN $FACT is Escanor Liones.
FACT0RN $FACT is backed by Coinbase through their 2021 Crypto Community Fund program.
