Built on the principles of cryptographic security and mathematical problem-solving, FACT0RN is an innovative decentralized infrastructure protocol that rewards real mathematical problem-solving through useful proof of work. Operating as a Layer 1 blockchain, FACT0RN integrates integer factorization as a service (IFaaS) directly onto its chain, allowing miners to secure the network by factoring large integers and claiming rewards for solving on-chain IFaaS challenges.
The FACT0RN protocol is designed to transform cryptographic mining into an open marketplace for integer factorization, accessible to researchers, miners, developers, and institutions. This innovative approach enables the creation of a global math engine on-chain, where users can submit bounties for integer factorization and RSA cryptographic challenges, and miners can compete to solve these problems through useful proof-of-work. The FACT0RN blockchain is secured by a dynamic supply mechanism, where block rewards double every 64 bits of difficulty increase, and factoring difficulty doubles every 16 binary digits or bits.
FACT0RN's utility extends beyond its core functionality as a decentralized infrastructure protocol. It serves as a live, public benchmark for the security of RSA encryption algorithms, providing a canary for quantum and algorithmic advances in cryptography. This makes FACT0RN an essential tool for researchers, cryptographers, and developers who rely on secure cryptographic protocols to protect sensitive information. The FACT token is the native cryptocurrency powering the FACT0RN blockchain, serving as both a medium of exchange and a reward mechanism for miners solving cryptographic challenges.
The FACT0RN team has been supported by Coinbase, which listed it among its partners and provided funding through the Coinbase Crypto Community Fund. This partnership underscores the project's commitment to advancing blockchain technology with robust security measures. With a growing community and increasing adoption metrics, FACT0RN is positioned as a leading player in the decentralized infrastructure space.
As of now, the FACT0RN network boasts a total supply of 1,141,514 $FACT tokens, with a circulating supply equal to the total supply due to its dynamic supply mechanism. The network's current difficulty stands at 432, and its block reward is 12.03 $FACT per block. With a strong focus on cryptographic security and mathematical problem-solving, FACT0RN continues to innovate and push the boundaries of what is possible in the world of blockchain technology.
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