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Fractal ID Stock

Fractal ID

FCL

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Fractal ID Whitepaper

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Fractal ID FAQ

### What is Fractal (FCL)? Fractal (FCL) is a cryptocurrency project designed to address issues related to digital identities and data privacy in the blockchain ecosystem. It aims to provide a secure and efficient platform for managing digital identities through decentralized technologies. Fractal ID leverages blockchain to ensure transparent and reliable verification processes while safeguarding user privacy and data integrity. Detailed insights and analytical data regarding Fractal (FCL) can be accessed on Eulerpool, where users are provided with comprehensive information on market trends, performance metrics, and other critical financial indicators related to this cryptocurrency.

Fractal ID is an interoperable Decentralized Identity System designed for web3. It ensures compliance with data and regulatory standards, including GDPR, while facilitating seamless user verification through KYC, AML, and human liveness checks. Fractal ID provides a vertically integrated identity stack that is accessible to everyone, everywhere. To further advance decentralized identity adoption, Fractal ID is currently developing idOS, the identity layer of web3. ### Who Are the Founders of Fractal? Fractal ID was co-founded in 2017 by Julian Leitloff (CEO) and Júlio Santos (CPO), the same year they secured their first client, Ocean Protocol. Sovrin and XAIN were added to their client list in 2018, followed by KILT Protocol in 2019. Julian Leitloff is the co-founder and managing director of Fractal. He obtained his master's degree in Corporate Management & Economics from Zeppelin University in 2014. Leitloff founded Spontaneous Order GmbH and achieved millionaire status by age 22. His accomplishments earned him a spot on Forbes' 30 under 30 list in 2016. His interest in blockchain began in 2015 after meeting Bruce Pon, the future head of Ocean Protocol, at Tech Open Air. Júlio Santos, a technical manager, software engineer, and entrepreneur, is the co-founder of Fractal, where he leads the Product and Engineering team. At Fractal, he's focused on building an identity layer for the Internet using the Fractal Protocol. Santos has been active in the blockchain space since 2015, founding projects such as Life on Mars, Gruvi, and Attmatr / Madmarkedet. ### What Makes Fractal Unique? Fractal is an open-supply protocol that enables the exchange of information with a focus on confidentiality, allowing users to securely share and monetize their data. Fractal Protocol aims to set a new standard for the equitable and open exchange of user information. By promoting a high-quality version of the free Internet, Fractal developers address market challenges such as: - A market dominated by a duopoly - Unattributed Ad-Tech costs - Web traffic generated by bots The project introduces a concept of a fair industry backed by a transparent and authoritative infrastructure. The developers strive to achieve optimal results for users, publishers, and advertisers by enhancing user data quality through advanced technologies and targeted strategies. ### Related Pages: Explore our comprehensive analysis of Fractal and learn about the Fractal NFT gaming marketplace. Discover OpenSea, the largest NFT marketplace for sellers, buyers, and artists worldwide. Read up on Polkastarter (POLS). Access the latest data on Polkadot (DOT). Enhance your understanding of web 3.0 with Eulerpool's insights. ### How Many Fractal (FCL) Coins Are There in Circulation? FCL is Fractal's utility token, designed to connect participants in the Fractal Open Advertising Economy. While FCL does not generate profits or confer voting or ownership rights, it supports the protocol's incentive mechanism. FCL's functionality drives token demand, fostering ecosystem growth. Ecosystem stakeholders include users, advertisers, verifiers, insurers, and certifiers, with each group having distinct incentives: - Users seek quality content and data-privacy-focused services. - Advertisers aim for secure, efficient advertising investments. - Verifiers desire better user engagement and ad revenue. - Insurers rely on active advertising markets to optimize staking rewards. - Certifiers focus on maximizing client value and sustainable business models. According to the project's Whitepaper: - Users compensate Attesters. - Advertisers pay Bid Prices. - Advertisers stake in Ad Escrow. - Verifiers stake in Arbitrage Escrow. - Insurers stake in Arbitrage Escrow. - Attesters receive payments for issuing Credentials. The maximum supply of FCL is capped at 465,000,000 coins, distributed as follows: - 5.3% to Pre-Sale - 0.5% to Community Sale - 14.3% to Strategic Reserve and Liquidity Treasury - 5.8% to Founders - 46.2% to Block Rewards - 11.6% to Company - 16.3% to Community Funds As of January 2022, the circulating supply is 16,595,270.91 FCL. ### How Is the Fractal Network Secured? Fractal (FCL) utilizes the Polkadot blockchain, offering connectivity infrastructure and deployment tools. Polkadot emphasizes security, employing Substrate, an SDK for Polkadot-compatible blockchains. Shared security is a cornerstone of Polkadot's value proposition, with economic security reinforced by Relay Chain validators. These validators stake on the Relay Chain to confirm transactions across parachains, ensuring safe, independent chain interactions. Polkadot also provides an environment that allows networks to manage transaction fees and scalability affordably, promoting development expertise through investments in security tools like Substrate and Cumulus. ### Where Can You Buy Fractal (FCL)? As of January 2022, Fractal (FCL) is listed on the following crypto exchanges: KuCoin, Uniswap (V2), Bitfinex, MEXC, and BKEX. Want to keep track of FCL prices live? Download the Eulerpool mobile app. Familiarize yourself with more crypto terms by using our glossary. Explore the top crypto coins and tokens utilized by Framework Ventures Portfolio. Receive the latest product updates, partnerships, and announcements from Eulerpool.

Investors interested in Fractal ID are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.