The statistics going around about the wide adaptability of different cryptocurrency in the West African area has been one of the major reasons why companies are now basing their company’s development in these areas. One of such innovative companies is Ferrum Network.
With the mind on the innovativeness to the several uses of blockchain technology and an eye for a viable market, Ferrum Network is bringing all its diverse benefits.
What is Ferrum Network?
This is a platform for buying and selling cryptocurrency using its gateway. Through this medium, cryptocurrency is bought and sold at a cheaper and faster rate. This project already began with their West African mobile wallet and exchange. This is the first of its kind in West Africa offering fully pegged and regulated stable coins to the US dollar.
This platform is well known for its ability to send fiat currency through the peer to peer networking to create that fiat gateway for transactions.
What does Ferrum Network Offer?
This platform is set out to address some of the most crucial issues plaguing the cryptocurrency market. It is more focused on the West African and African markets in general. Here are some of Ferrum Network features that offers great benefits to its users:
- Cross-Chain Interoperability
Ferrum Network is top quality and innovative network that is well thought about for its application. With its cross-chain interoperability, the functions of a transaction are not limited to one platform alone. It is designed and well set up to be able to connect with every blockchain network. This is for the protocol to be able to transact at a faster and cheaper rate. - High Speed And Low Cost
Ferrum Network is uniquely known as the protocol, which facilitates high-speed transactions at a low cost. Through the peer to peer network set up, the transactions confirm in milliseconds and at a very low cost for service. For around one cent per transaction, this is typically the service fee required to carry out transactions. - An integrated line of financial transaction
With advanced integrated financial applications on the Ferrum protocol, you can safely buy, sell, exchange, and store your cryptocurrency on the Ferrum Network. It is a safe and secure environment with its core technology being the blockchain. - User And Network Utility
Ferrum Network is a real user platform with real products and proven business practices with an innovative protocol for transactions. The network has its different capabilities of facilitating transactions with other network utility.
The UniFyre Wallet
Using the UniFyre wallet, you can trade and transact using any type of digital asset with no counterparty risk. The UniFyre wallet offers innovative and revolutionary capabilities, which include OTC risk-free trading, security features, and instant market trading. All these are set up to prevent loss and provide a safe wallet for your digital assets.
Ferrum Network Roadmap
In the first quarter of 2018, Ferrum Network’s testnet prototype was developed. In the second quarter of 2018, the Ferrum Network team was a finalist at the consensus 2018 pitch competition. Third-quarter of 2018 welcomed the release of UniFyre wallet beta which had the OTC trading support.
The end of 2018 and the first quarter of 2019 saw the release of Kudi exchange and ERC-20 support. In the second quarter of 2019, the team released the feature of Kudi business feature.
In the third and fourth quarters, the Ferrum team plans to launch public sales of its cryptocurrency and the use of the UniFyre wallet.
Team members
Advisors
To Wrap It Up
Ferrum Network already showed that they have a competent team with a clear direction of what it aims to achieve. If you are looking for an investment in the digital asset, this might be the right one for you to consider.
Links:
Whitepaper: http://whitepaper.ferrum.network/
Website: https://ferrum.network/
Your BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2104605
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