They will use an overlay blockchain called Factom that timestamps commits into the Bitcoin blockchain to provide it with a base consensus. The goal of this design is to leverage Bitcoin's security while having the freedom to store much more data than would be practical to store in the Bitcoin blockchain. How it works in practice, we'll see.
1 comment
[ 3.5 ms ] story [ 10.4 ms ] threadThey will use an overlay blockchain called Factom that timestamps commits into the Bitcoin blockchain to provide it with a base consensus. The goal of this design is to leverage Bitcoin's security while having the freedom to store much more data than would be practical to store in the Bitcoin blockchain. How it works in practice, we'll see.