Post #8052

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Efficiency Change
Factoshi is moving to a 60% efficiency effective today.

Our website, Factoshi.io, will continue to be maintained and developed. However, health concerns are forcing me to re-evaluate the amount of time I can dedicate to Factoshi and to Factom, which is currently my full time occupation. I believe 60% will bring Factoshi into alignment with other ANOs.

In previous updates I had outlined plans to develop a smart phone application that uses a Factom back end. That will be put on hold until a time that more hours can be invested into the business.

Though this rearrangement is not done willingly, I am pleased to be able to raise Factoshi's efficiency. The last grant round was significantly oversubscribed. Whilst the price has risen recently, we are on course to have even less FCT in the grant pool by the time the next grant round arrives. I consider the grant pool to be a vital resource for protocol development. Generally speaking, I am thoroughly impressed by the quality of the grant proposals we received at the last round, and I am pleased that increasing Factoshi's efficiency will make more funds available to future grant applicants.
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