The Ferrum network platform is a growing application project in the financial system that is built with a high-speed interoperability network built for real-world financial applications. This project makes it easy for Crypto users to use a BlockChain system that enables peer-to-peer transactions from crypto digital assets very quickly.
Ferrum Network, designed by distributed system experts with more than ten years of experience in the world's largest technology company, was built to address two fundamental problems that hinder major cryptocurrency adoption: slow transaction speeds and lack of interoperability between networks.
Instead of building a standalone network, Ferrum Network utilizes the value of existing blockchain and connects it to a high-speed transaction layer that enables peer-to-peer transactions from any digital asset.
Like Lightning Network for each blockchain, Ferrum's revolutionary technology unites networks, for consistently high-speed, low-cost transaction experience for each digital asset, both BTC, ETH, XRP, EOS, Zcash, and so on. He even works with fiat currencies. Focusing on lasers on user acquisition and global adoption, Ferrum Network has built a line of financial applications vertically integrated on the network, enabling users to buy, exchange, transact, and store any digital assets without the risk of opposing parties.
Problem
As mentioned, one of the core focus points for Ferrum is on interoperability, or its absence in the crypto market. There are hundreds of blockchain that compete; many with similar characteristics, and as many as different unique selling points. Ferrum understands that in the world of multi-tokens, there is value in facilitating interoperability across these different networks.
In addition to interoperability, cost, and speed, the team also proposed addressing other residual problems faced by crypto participants:
FIAT Gateway
OTC trading and the risk of the other party
Asset and key ownership
Ferrum emphasizes the vision of becoming the first interoperability network to facilitate unlimited transactions and exchange of crypto-tokens (apart from the original blockchain) and FIAT currencies easily, quickly and at a low cost.
Solution
Ferrum builds a vertically integrated ecosystem, consisting of several different products. The Ferrum network itself is a DAG-based infrastructure, which will support a variety of services that are alive and not yet built (we will not study the DAG design in this report).
You can read elsewhere that Ferrum plans to build a decentralized exchange and cold wallet as part of their product range. This is true, but Ferrum recently revised their plans amid current community feedback and crypto market conditions as they approached their sales phase, and will narrow their scope to focus on Kudi Exchange and Unifyre wallets.
Benefits of the Ferrum Network
The Ferrum network will be a kind of exchange where users can easily manage their assets by buying and selling one coin for other coins, regardless of which blockchain they are made. All ferrum payment gateways are intended to provide the highest speed and low cost. Which will thus lead to a more efficient decentralization exchange throughout the cryptographic world.
Adding to Ferrum trading will be UniFyre built in cellphone wallets with subsidiary branches in the form of SebZero hardware wallets, as a result of these technical indicators they are considered to be one of the most reliable and best hardware wallets today.
Likewise, to improve the reliability and security of all exchange processes, iron network engineers will use their own internal markers on the blockchain, with all the functions of trading one cryptocurrency with another to be carried out. The whole process aims to eliminate all fraudulent activities by participants. point only at taking deceptive movements with respect to members. All operations will run quickly and quickly, to make sure the user does not find a division of tasks.
The main feature of the Ferrum network
Inter-network communication:
The next generation protocol designed to connect to each block chain.
High speed and low cost: peer-to-peer transactions within milliseconds confirm that network costs are around 1 cent.
Integrated financial product line: buy, exchange, trade and store any digital assets using sophisticated financial applications that function online.
Run with network users and utilities: real products, real users, proven business practices.
The technology used by FERRUM Network
Innovative technology built for high-speed P2P trading from any virtual asset is the backbone of FERRUM Network and its products.
DAG ledger: D-ledger that is the same as a block but is specifically designed for fast trading, minimal network costs and no miners.
Network Interoperability: super innovation on cross-chain solutions, platforms can operate with each block.
Decentralized Proxy Tokens (DPT): DPT with guaranteed stability allows trading, exchanging any virtual assets including virtual money.
High Frequency Trading: Original helps move money from the chain and makes extreme frequency transactions and trades nominal fees.
FRM Tokens: Project gas, FRM is spent & burned for every trade on the network.
Value of Import / Export: The FERRUM network is designed to import and export values, including fiat money.
Token
As I wrote earlier, to implement all types of cryptocurrency transactions on FERRUM NETWORK, the internal FRM token will be available, which will make it possible to make all transactions quickly, with minimal costs and the most reliable way. It is important to note that FRM conversions will be available for digital currencies and Fiat. Using FRM is easy and accessible.
Roadmap
According to the road map, the Ferrum Network has been released:
Blockchain Testnet with BTC, ETH, ERC-20, XRP exchanges
Beta wallet
Kudi Exchange (mainnet)
TEAM
ADVISORS
Official information from the project founding team:
Website: https://ferrum.network/
Telegram: http://t.me/ferrum_network
White Paper: https://drive.google.com/file/d/1chjmvP_Gmj6n9IeV4mGV_BBjY0hCSV9V/view
In the topic: https://bitcointalk.org/index.php?topic=5134952
Facebook: http://facebook.ferrum.network/
Twitter: https://twitter.com/FerrumNetwork
Medium: https://medium.com/ferrumnetwork
Reddit: https://www.reddit.com/r/FerrumNetwork/
LinkedIn: http://www.linkedin.com/company/ferrumnet/
Instagram: http://instagram.ferrum.network/
Youtube: http://www.youtube.com/channel/UCN658dMRTaH4C4dP32VHi6Q
Author: Joseph cristian
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2122240
ETH: 0x8f0A94f868871EE4ccd00AFaAe3AcB3f0c2A27aA