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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnFirst, Factom relies on its own native cryptocurrency, factoids (FCT), to incentivize network participation. The FCT cryptocurrency has an unlimited supply. EXECUTIVE SUMMARY. Factom is a blockchain protocol built to leverage the security and immutability of Bitcoin (and other) blockchains for the. 1. The first commercial bitcoin transaction was for pizza � 2. There are more than 12, cryptocurrencies in existence � 3. The total amount of bitcoins is.