Orcfax (FACT) — price, overview & secure storage
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Last Updated on May 31, 2026 05:38 AM
What is Orcfax? Complete guide to FACT
What is Orcfax and who created it?
Orcfax is a decentralized oracle service designed to publish data about real-world events onto the Cardano blockchain. It utilizes the Cardano Open Oracle Protocol (COOP) to ensure that the data is available to on-chain smart contracts in Cardano's eUTXO native format. This integration allows for seamless interaction between real-world data and blockchain technology.
Key features of Orcfax blockchain
One of the standout features of Orcfax is its commitment to transparency and authenticity. The service archives standards-compliant audit logs for all its data collection and validation processes. These logs are accessible on the permissionless Arweave.org decentralized storage network or through Orcfax's own 'Fact Explorer' app. The oracle data is marked up using fact-checking vocabularies, ensuring that it is easily verifiable, authentic, and accurate.
How Orcfax transactions work
Orcfax operates by collecting real-world data, validating it, and then publishing it onto the Cardano blockchain. The use of fact-checking vocabularies in marking up the data ensures that it can be trusted and repurposed more effectively than standard oracles. This approach not only enhances the reliability of the data but also makes it more adaptable for various applications within the blockchain ecosystem.
Wallet for Orcfax
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Tangem supports networks for Orcfax
- Cardano
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Similar cryptocurrencies to Orcfax (FACT)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $74,054.68 | 0.78% | $1.48T |
 EthereumETH | $2,029.33 | 0.81% | $0.24T |
 TetherUSDT | $0.9985 | -0.03% | $0.19T |
 BNBBNB | $738.00 | 11.37% | $99.41B |
 XRPXRP | $1.34 | -0.04% | $83.23B |
Frequently asked questions about Orcfax (FACT)
- Orcfax is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Orcfax stands out for its performance, cost-effective transactions, and ecosystem support. These strengths make it suitable for various blockchain activities.
- They refer to the same cryptocurrency. FACT is the abbreviated code used in trading platforms.
- You can buy Orcfax using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
How to store Orcfax securely with a hardware wallet
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why Tangem is a trusted Orcfax hardware wallet
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