Thread by @fitforcrypto_

@FACT0RN - $FACT is the ingenious fusion of math, cryptography & blockchain.

A L1 Blockchain which could be a groundbreaking paradigm shift that's redefining PoW.

Let's explore this whole new PoW-era!

A thread 🧵👇🏼

1⃣ What is $FACT?

2⃣ PoW Problem

3⃣ $FACT solution

4⃣ What is Integer Factorization?

5⃣ Benefits of Integer Factorization like $FACT

6⃣ $FACT & the Energy Consumption Issue

7⃣ Conclusion

1⃣ What is $FACT?

It's a L1 that introduces a unique approach to securing the blockchain network through a PoW mechanism based on integer factorization.

It not only addresses energy concerns but also promotes academic research & community involvement in the blockchain space.

Unlike traditional PoWs that rely on hashing algorithms, $FACT utilizes mathematical factorization challenges to:
• validate transactions
• secure the network

2⃣ PoW Problem

Traditional PoWs, like $BTC, require miners to perform complex computations solely to secure the network.

While this process is crucial for security, it doesn't serve any other meaningful purpose.

This leads to "inefficiency" of PoW mining.

3⃣ $FACT solution

$FACT addresses this problem by introducing a PoW mechanism that generates value beyond blockchain security:

➢Useful PoW

FACT0RN's PoW involves finding strong semiprimes, which have practical applications in digital security, particularly in the banking & finance sectors.

This PoW is inherently valuable, unlike traditional hashing.

➢Collaboration

FACT0RN envisions collaboration between miners & the private sector.

Companies can leverage the computational power of PoW for their own cryptographic & security needs, making PoW mining mutually beneficial.

4⃣ What is Integer Factorization?

It's like taking a secret code (a big number) & figuring out what numbers were multiplied together to make that code.

Imagine it as solving a puzzle to find the building blocks of a number.

It's important in lots of areas, especially in keeping our digital world secure.

The tougher these puzzles are, the safer our information is from prying eyes.

5⃣ Benefits of Integer Factorization like $FACT

Integer factorization improves PoW in the context of a blockchain like $FACT by adding practical utility & value to the PoW process.

Here's how integer factorization benefits a blockchain like $FACT:

• Real-world value, especially in security

• Engagement in valuable work with applications in security, cryptography & financial systems

• Envisions collaboration between miners & the private sector

• $FACT can stimulate further research in mathematics & computer science

• The success of $FACT could result in significant funding for universities & mathematical research institutions

• By making PoW useful beyond blockchain security, $FACT contributes to societal advancement

6⃣ $FACT & the Energy Consumption Issue

➢Facts

• $FACT's approach is energy-efficient, unlike power-hungry hashing

• Aligns with global sustainability goals, mitigating environmental concerns

➢How?

• $FACT shifts from traditional hashing to meaningful computational work

• Miners engage in complex integer factorization, contributing to math & security

• Miners factor strong semiprimes, complex composite integers

• These tasks enhance digital security

➢WIN-WIN

• Miners perform meaningful work, benefiting mathematics & security

• Blockchain gains enhanced security and sustainability, addressing energy consumption concerns

7⃣ Conclusion

$FACT represents a groundbreaking shift in blockchain technology, harnessing the power of integer factorization as a meaningful PoW mechanism.

$FACT paves the way for a more sustainable & secure blockchain ecosystem, by:

• Addressing energy consumption concerns
• Benefiting academic research
• Enhancing digital security

Its innovative approach promises a brighter future for both miners and society as a whole.