Factom needs a flexible means of anchoring to other blockchains. This should allow for Anchoring to be done by any of a set of Identities. Payments for Anchoring should be settled from the blockchain periodically.
As a part of Anchor Rework grant we post the Anchoring Requirements document here...
I had convos with some developers in community, we discussed the idea of moving tokens on the protocol level (L1).
L2 solutions is not really popular (even L2 of popular L1’s like Ethereum), and in our case Factom is not popular as L1 itself, so FAT as L2 is not popular at all.
In my opinion...
Thank you for your application Niels.
Correct me if I calculated wrong:
7,500 USD with 35% discount gap means using $0.65/FCT when real FCT price is $1 ($1.3/FCT when real FCT price $2, etc.).
So it equals to approx. 7,500 / 0.65 = ~11,538 USD per month for part time work (you committed 1/2...
Due to insane FCT price volatility now, we can not predict the actual FCT price on the payout date.
For everyone who is concerned about any possible windfalls that may appear on the payout date, I want to clarify that I commit to return any windfalls (if they appear on payout date) to the...
Historically this grant was denominated in FCT regardless FCT price (even at higher FCT price).
Well, historically this approach didn't work.
We sent BTC txs with very low tx fee to be confident we anchor at least within a week, but in reality many times the anchoring didn't happen due to low fee.
There are 9000 (!) missing BTC anchors before anchoring was stopped in August...
When flexible anchoring is implemented, we will be able to control costs of anchoring — it can be any cost we want (e.g. $1000 or $500 per month) for expensive blockchains due to adjusted frequency of anchoring, and a fraction of dollar for cheap blockchains (e.g. 1 XLM [$0.40] covers 100K txs...
Currently there is no anchoring since August due to increased BTC and ETH tx fees.
This grant is primarily about creating a flexible anchoring system, that allows us to control a frequency of anchoring (once per X blocks) and control cost of anchoring, and plug in different blockchains in the...
Wrapped FCT (WFCT) is community led, 100% backed and verifiable FCT token, issued on the Ethereum blockchain.
ANO / Committee
Group: De Facto
FCT address: FA3X3d3ceDYD7v3aBCeEBcvvgiTZNeiFkN8jJ897EbMuBzHt6xhP
Total FCT Requested