➢ Does Faxt have its own Blockchain?

Faxt Blockchain

Blockchain technology is currently one of the most secure methods known of performing Cryptocurrency transactions

One of the problem with using already established blockchain platforms is that their existing high traffic causes bottlenecks. Two of the largest and most popular, the Bitcoin and Ethereum blockchains are really struggling to meet the required transaction times of Financial, Smart contracts and other applications.

Faxt will operate under its own secure Blockchain system. This again, as well as pre-mining will help with speed and reducing the cost of transactions.

There are many articles about Blockchain technology throughout the Internet and also on this website, such as: What is the Blockchain


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