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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Paul Snow & Peter Kirby: Factom – Proof of Existance, Proof of Process, Proof of Audit
Description: Today’s episode is all about Factom, an open source project which aims to solve three core problems which apply to all Bitcoin 2.0 applications: Speed, Cost, and Bloat. Rather than writing every transaction to the blockchain, Factom allows decentralized applications to write blocks of transactions to Factom blocks, which themselves get hashed and stored to the bitcoin blockchain. At its core, Factom provides Proof of Existance, which allows for any digital artifact to be reduced to a hash that proves that artifact’s existance at a specific point in time.
We are joined by Factom CEO, Paul Snow...