[ANN] FACTOM - Introducing Honesty to Record-Keeping

[D-Lux]

New article by Tiana on Wanxiang + Factom:

http://internetofthingsagenda.techtarget.com/blog/IoT-Agenda/Blockchain-Backbone-for-todays-business-tomorrows-world

[crazyivan]

Time for the price to recover back to at least 0.0033. Exactly as I predicted. Making money on Factom is a real pleasure.

[tempus]

Lol suddenly it gets removed someone dont want the price to increase

Any other sources to verify it from? Are those news fake?

No other sources as far as I know. This is the link to the cached page that still works for me:
http://webcache.googleusercontent.com/search?q=cache:http://coinjournal.net/blockchain-startup-receives-grant-gates-foundation-medical-records-project/

Thanks for this.. I couldn't find the cached versions...

I like this part, which means it will probably show on the blog soon:

a spokesperson for Factom told CoinJournal.

Me too. it seems like an exclusive message from Factom for Coinjournal (and maybe some others), but they published it too early by accident I think. The market will probably respond as soon as Factom itself confirms the news.

99% chance that there will be an announcement soon. At least that would be my guess.

[lolikop]

Any devs care to explain? 

well no response atleast its not fake..

gates does support fct i want a new eth bull run!

[Pap0u]

Lol if Factom is working with the Bill Gates foundation, that is going to be huge. News will most likely come out tomorrow, just like when the Draper news came out early the same way. Thank you for bringing Factom down to an amazing long entry. You guys are pure fools for keeping the price this low so long, really.

[crazyivan]

BTC goes up even more, FCT goes down even more consequently. Still no news about Gates investment, if it comes, it ll definitely have an effect on price.

[Jack Russell]

I think Factom have left it too late for M2 or business news to affect factoid price against a rising bitcoin.

[crazyivan]

I think Factom have left it too late for M2 or business news to affect factoid price against a rising bitcoin.

What do you mean too late? Even BTC bounces on news or expectations why Factoids would be an exception? I have just entered a market again, time to make some money.

[zoose]

I think Factom have left it too late for M2 or business news to affect factoid price against a rising bitcoin.

What do you mean too late? Even BTC bounces on news or expectations why Factoids would be an exception? I have just entered a market again, time to make some money.

I agree, this is great news for FCT if it turns out to be credible.

[Bit2EZ]

FCT has found some pretty hard support at 270k, I think if this news is credible we are going to see the price recover to 350k in the short term. If it breaks that resistance we could see 420k with M2 still in waiting.

[crazyivan]

FCT has found some pretty hard support at 270k, I think if this news is credible we are going to see the price recover to 350k in the short term. If it breaks that resistance we could see 420k with M2 still in waiting.

This is still far, far away from Ether price rush.

Anyway, all we do here is speculate about price, it s getting a bit annoying.

[Bit2EZ]

FCT has found some pretty hard support at 270k, I think if this news is credible we are going to see the price recover to 350k in the short term. If it breaks that resistance we could see 420k with M2 still in waiting.

This is still far, far away from Ether price rush.

Anyway, all we do here is speculate about price, it s getting a bit annoying.

No need to be 'annoyed'. Crypto is just about patience and simple decisions.

[AlanX]

Some cool testing stats from Factom's twitter:
https://twitter.com/factom/status/798916097806311424

For anyone interested, this was a graph of data collected from a simulation of 25 Factom Federation (M2) nodes running in a well connected network and run on a single computer.   The connections between each node is shown on the right.

The computer was a cloud based server with two cores, 8 GB of memory, and a SSD drive.  Each node runs in its on Go-Routine (which is how concurrency (code that runs in parallel) is implemented in Go).  The nodes are connected with Go Channels to simulate a network.  Code around those channels implements the message drop rate, and network delay of 300 ms (600 ms ping times) between all nodes.   The longest path in this network is three nodes, so some of the Federated Servers are dealing with (300+300+300)*2 ping times (1.8 seconds) with some other Federated Servers.

None the less, each of the 25 nodes handled about 2.5 tps (transactions per second) and 1.69 tps average over the test, with bursts reaching over 7.5 tps.  The simulation as a hole was handling over 45 transactions per second with bursts over 180 transactions per second.  The total footprint of the test was less than 4 GB, so individual servers were using 1/25 of that, or (as graphed) less than 240 MB.   The two CPU's were loaded less than 75% (about 1.5 CPU) with individual nodes at about 11% of a CPU.

(Note most transactions were entries (1.2 million) but with some Factoid transactions (30K).  The simulation was run for over 8 days, with (note the network graph) 9 leaders (the blue nodes), 8 audit servers (the green nodes) and 8 followers (the gray nodes).

All in all pretty decent performance numbers, steady memory usage, CPU load, and management of a slow, somewhat spotty network.

BTW, the simulation code is baked into the code.  Anyone can build a simulation network, and run their own tests on their own hardware.  The scripts to generate transactions are in the factomd/scripts folder in Github.  I have a spreadsheet I'll share from Google Docs that I used to generate the graphs.  Additionally we use the amazing arbor.js (http://arborjs.org) website to visualize the network.

I've run tests on my laptop of 50 node networks and more.  It is a fun tool to play with, and had been the cornerstone of our developing and testing.  Think of it as the software version of the Spanish Inquisition.

In the coming weeks I'll have a blog post that details all the steps to set up and run your own tests, and produce your own graphs.  And in the very near future we will vastly improve that process.

Paul

[astmandu]

Thanks, Paul, for the very thorough explanation of the testing and what the stats mean. I had to read it a couple times.

Just increases my bullishness with everything Factom is doing!

On a side note, I'm hopeful FCT holds .0027 in the face of Bitcoin's rise. At some point FCT market cap should go up based upon the speculative value proposition that continues to strengthen.

[Mrfrismint]

Time for the price to recover back to at least 0.0033. Exactly as I predicted. Making money on Factom is a real pleasure.

You post this kind of crap (imho) every day here. I think it's pretty clear to the daily visitor that you like to make money. Let's try to keep this forum for some real info that adds value... No hard feelings further. Just a bit annoyed by reading the same nonsense every day.

[crazyivan]

Time for the price to recover back to at least 0.0033. Exactly as I predicted. Making money on Factom is a real pleasure.

You post this kind of crap (imho) every day here. I think it's pretty clear to the daily visitor that you like to make money. Let's try to keep this forum for some real info that adds value... No hard feelings further. Just a bit annoyed by reading the same nonsense every day.

There is a very nice button just bellow my avatar which says "ignore". If you do not like to read my posts, please press it and problem solved. No need to thank me, it s my pleasure.

On a side note, you need to calm down boy, Factom will recover, just don't be stupid and sell now, you ll make some money on this token too.

[Mrfrismint]

Time for the price to recover back to at least 0.0033. Exactly as I predicted. Making money on Factom is a real pleasure.

You post this kind of crap (imho) every day here. I think it's pretty clear to the daily visitor that you like to make money. Let's try to keep this forum for some real info that adds value... No hard feelings further. Just a bit annoyed by reading the same nonsense every day.

There is a very nice button just bellow my avatar which says "ignore". If you do not like to read my posts, please press it and problem solved. No need to thank me, it s my pleasure.

On a side note, you need to calm down boy, Factom will recover, just don't be stupid and sell now, you ll make some money on this token too.

I am not selling indeed. Just holding and waiting patiently. Investing with money that I can miss, so I don't care about the minor swings. Just saying that your expectations on price are useless add-ons here. All good anyways. Good luck trading.

[lolikop]

When m2 is released i expect lots of news of new companies joining fct

we could see a new eth bull run, but most likley bigger eth went up 1000% in 2-3 months fct with not that much supply could see 2/3000%

Big times coming soon hold ur horses dont sell too early

[zoose]

When m2 is released i expect lots of news of new companies joining fct

we could see a new eth bull run, but most likley bigger eth went up 1000% in 2-3 months fct with not that much supply could see 2/3000%

Big times coming soon hold ur horses dont sell too early

What's your best estimate as to when M2 will be released?

[mig5000]

When m2 is released i expect lots of news of new companies joining fct

we could see a new eth bull run, but most likley bigger eth went up 1000% in 2-3 months fct with not that much supply could see 2/3000%

Big times coming soon hold ur horses dont sell too early

Please stop this type of worthless speculation comments that are out of the reality in most cases. Not against you nut I have against this type of comments which lure people into getting into FCT and be disappointed soon after.