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Factom is a cryptocurrency with a decentralized platform different from that of Bitcoin. The virtual currency was born in 2015, together with the network.
Factom (FCT) was born in 2015 together with the platform, differentiated by Bitcoin for its blockchain. Factom offers users the ability to modify the blockchain, which is public, adding entries, contracts and other applications.
Obviously not all users have the right to make changes and every action is regulated by the security system.
As an incentive to modify the blockchain and to improve the system, Factoids are offered in exchange, the cryptocurrency associated with the system. Virtual currency can be exchanged in many markets.