What is FirmaChain? FirmaChain is a Blockchain project that aims to solve the problem of forgery and copyright in the digital content space. In this article, which we prepared as Kriptokoin.com, you can find answers to questions such as what FirmaChain is, what it offers, what is FCT coin, what is it and how to buy it. Let’s take a closer look at the project together.
What is FirmaChain?
FirmaChain is a blockchain project that aims to solve problems such as fraud and copyright violations in the web environment. This network supports transparent and verifiable electronic contracts. However, with its decentralized application (dApp) DONUE, it minimizes transaction costs for international contracts. With this dApp, it uses less resources than ordinary processes and provides simplicity to users.
FirmaChain was originally built on the Ethereum Blockchain. But then the high gas costs of Ethereum’s smart contracts brought various problems to the network. That’s why the FirmaChain team designed its own mainnet. This mainnet is based on Tendermint and has a decentralized data store. Now the project is revolutionizing the written contract space, supporting the transition to Blockchain-based electronic contracts.
What does FirmaChain offer?
FirmaChain describes its Blockchain as a “data network”. With this network, users can digitize all social and legal written contracts. Because this digital medium works with Blockchain technology, it becomes much easier to track and record everything. However, because Blockchain is nearly impossible to hack, contracts can be hosted securely. The network does all this with a dApp called DONUE, which is available in both the web and mobile app markets.
What is FCT? What does it do?
FCT is the native cryptocurrency of the FirmaChain network. This altcoin is used as a payment method for services offered within the network. For example, you need to pay a certain amount of gas fee to FirmaChain to create an electronic contract. This gas fee you have to pay does not have as high costs as in the Ethereum network. But you need to have FCT to pay for it. The FCT is basically used to pay these gas fees.
What is FirmaChain? How to take FCT?
FirmaChain is currently listed by some cryptocurrency exchanges. Users who want to buy FCT coins must be a member of one of these exchanges and verify their accounts. These exchanges currently include Bithumb Global, UPBIT, Bittrex and Poloniex. After signing up for one of them and verifying your account, you must deposit funds into your wallet and this money must be compatible with FCT trading pairs. After doing this, you can buy the altcoin depending on the balance in your wallet.
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