Fact0rn $FACT

FACT0RN is a unique crypto project that utilizes a different approach to Proof of Work (PoW), replacing traditional methods with factoring. This innovative blockchain technology aims to harness the power of factoring and provide incentives for miners and users to contribute to the network securely and economically.

Understanding FACT0RN's Unique Approach

FACT0RN's challenge revolves around generating semiprimes - numbers with only two prime factors, without knowing the factors in advance. The main task for miners is to locate a nonce, offset, and the smallest prime factor of a semiprime that fulfills particular conditions. It is the smallest prime factor that serves as the measure of the work done for PoW.

Factoring as a Reward

FACT0RN rewards miners for their contributions by factoring strong semiprimes. This way, the blockchain uses a reward system that diverges from the conventional, using an exponential but limited reward scheme to curb excessive inflation.

The "Deadpool" Mechanism

A significant feature of the FACT0RN blockchain is the "deadpool". In this unique system, users can put forward numbers to be factored, but they must pay a fee for doing so. This twist enhances the game theory aspect of the blockchain while further incentivizing miners for their contribution.

Design Principles of FACT0RN

FACT0RN's design philosophy centers around four critical aspects: security, game theory, economics, and heuristics. These principles guide the development of this blockchain, ensuring a sturdy, secure network that balances incentives with economic considerations. The ultimate goal is to create a sustainable, secure network where users contribute effectively and reap commensurate rewards.