Factom Launches Release Candidate One on Bitcoin Testnet

The Factom Foundation has launched its Release Candidate One (RC1) on the Bitcoin Testnet. Developers are invited to try out this early version of the highly anticipated blockchain data layer.

In what is probably one of the most notable Bitcoin 2.0 projects in the space, Factom is building an open-source data layer for the Bitcoin blockchain. It can be used by anyone to permanently store all sorts of data on the decentralized computing network. Some of the most notable parties that have so far indicated they will use Factom include land registry startup Epigraph and the Honduran government, and cloud storage solution Storj.

Speaking to CoinTelegraph, Factom’s Chief Marketing Officer Tiana Laurence explained:

“There’s a ton of entrepreneurs and programmers in this space, and a lot of these guys are kind of depending on us. We are the missing link for several companies, providing them with an anchor into the blockchain in a really efficient and cheap way. They are hoping that we finish as soon as possible, so that they can launch what they are doing.”

Tiana Factom

Factom’s Factoid crowd sale raised over US$500K in bitcoin earlier this

Read more ... source: Cointelegraph