FERRUM NETWORK - A new unique protocol to unite the world of crypto...

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Problems

To understand the future potential of any project, you need to look at the real problems that are currently in the blockchain chain. First, one of these problems is not the coherence of the project among themselves, which complicates our lives. The ETH, Bitcoin, EOS networks all don't work in different areas and are not interconnected. And we constantly have to deal with the global problem of transferring some coins to other networks, we have to turn to exchangers, lose great interest in this. Then, the speed of such operations is much lower. And there may be problems, errors in transfer to the exchange, in exchange and many more problems associated with transferring one currency to another. Second, the blockchain develops gradually, and each network has a different level of transaction. Of course, today, the network has a good transaction speed. But those who have previously entered the market are still far behind, and this is a big problem. Transaction costs are also a problem. In each separate they are different. Well, however, payments by miners are fixed. An example is a recent story when people to transfer 0.1 ETH paid around $ 300,000 to miners for transactions. Third, financial products are also an important element of any system. Their absence slowed the development of the network. It is also difficult to find interactions with other networks without such products.

Seeing the losses generated by the above activities, some members of the ferrum.network community have tried to create new solutions - the first high-speed interactive network for financial applications in the real world, characterized by Cross-Chain Interoperability - next generation protocol designed to connect to each blockchain .

About the Ferrum network

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Ferrum is a decentralized interoperability network that allows to manage, trade and exchange any digital asset without storing user assets. Built on a cyclic graph network (DAG), Ferrum is faster, less expensive and more scalable than traditional block chains. Not limited to ERC-20 token; Users can send almost any digital asset to Ferrum to create a proxy token that can be traded and exchanged equally with Ferrum Wallet or Ferrum's user-friendly DEX. And soon, fiat currency can be exchanged online.

Ferrum Network is the first high-speed interactive network built for real-world financial applications. Network Ferrum's DAG-based protocol layer can connect to any blockchain and allow peer-to-peer transactions of any digital asset in milliseconds with almost zero network costs.

FERRUM Network is quick interconnectivity network specially designed for decentralized economic applications. Network brings Blocks jointly and allows cheap and rapid trades without taking custody of consumer’s assets.

This allows decentralized trades that are an order of magnitude quicker and less costly than the preset any other alternatives. FERRUM Network is the 1st decentralized exchange which offers centralize exchange experience alongside with modern functions such as small selling and margin trading feature.

FERRUM Network tech also allows a consistent merchant as well as retail experience for virtual asset payment solutions, and all other d-apps that are in early development.

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Problem & Solution
CryptoDiffer found Ferrum Network as a prominent project in early June 2018 (5 June 2018) and put it on the radar. Now it’s not a “Stealth Mode” project anymore and we can take a look at it more deeply.

The main purpose of Ferrum Network is to create a high-speed interoperability network for real-world financial applications. Ferrum aims to solve the actual problems of cryptocurrency usage in the traditional finance world: high-cost and low-speed transactions, an absence of interoperability, usage and understanding difficulties for newcomers.

Ferrum Network will build a vertically integrated line of basic financial applications on top of the Ferrum Network that will allow users to buy, exchange, transact, and store any digital asset with no counter-party risk.

In simple words, Ferrum Network will create a layer and infrastructure that will allow customers to purchase commodities or services using any cryptocurrency in milliseconds without any difficulties.

Ferrum Network Main ideas

The interaction between the chains, In general, what can be said is the main component of this project that makes the project unique. This is what allows the project to interact with all networks. Ferrum Network is a new generation protocol that can easily connect to any network. A protocol that developers assure is working on top of the network. There has never been such a thing. And such a protocol unites the entire cryptocurrency network into one. It does not matter What is your coin. Use this project you will be able to interact with what you want. Dozens of unnecessary operations will leave after the network enters the market. I myself regularly encounter this problem. What interacts with another network I need to do dozens of operations. And it can be said very annoying.
High speeds at low cost, High speed — the protocol runs on top of the network. No matter which coins you will send Bitcoin or ETH. You will have a stable identical speed of operations. Are you saying Bitcoin has a low transaction rate? Please have a project that makes the speed the same. Also, talk about network fees. As you already understood, this is not a blockchain. And mining costs will not be required from you. And that means we will get a new price for our transactions. It will become much cheaper. Where the gas will be the tokens of the FRM project. Well, that's why we are all accustomed to nothing free.
An integrated line of financial products, Like any other network. Networks need financial tools. And the project is already developing these products. They have already provided us with information on product development. It will be a cryptocurrency exchange where you can work with real money. And a cryptocurrency wallet. It is also written that the wallet will allow us to exist outside the exchange trade. In general, the project took care of the product line that will allow us to easily interact with this network. Based on the first few points, I can imagine how convenient it will be to use one wallet for all coins. And make quick transactions.

Features of FERRUM Network

High-Speeds and Low Costs – P2P (peer-to-peer) trades that confirm in milliseconds for around one cent in network charges.
Cross-Chain Interoperability - a next gen protocol designed to attach with all block-chain.
Launching with consumers and Network Utility - real users, real products, proven business practices.
Integrated line up of Financial Products - exchange, buy, transact, and stock up any electric asset using advanced financial apps which run on the network

Benefits of Ferrum Network

The ferrum network will be a sort of exchange which users can easily manage their assets by purchasing and selling one coin for another, regardless of which blockchain they were made on. All ferrum payment gateways are intended to give the highest speed and low cost. Which thus will lead to more highly efficient decentralized exchanges throughout the cryptographic world.

Supplementing the ferrum trade will be the UniFyre built in mobile wallet with its subsidiary branch in form cold hardware wallet SebZero, as a result of this technical indicators they are considered to be one of the most reliable and best hardware wallets of our time.

Likewise, to elevate the reliability and security of all exchange processes, the ferrum network engineers would utilize their own internal marker on the blockchain, with which all function of trading one cryptocurrency for another will be performed. This entire process is aimed at elimination of any fraudlent activity by the participant. pointed just at taking out any deceitful movement with respect to the members. All operations will proceed as quick and fast, to ensure users dont come across any diificuties.

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Technology used by FERRUM Network

Innovative tech built for top speed P2P trades of any virtual asset is backbone of FERRUM Network as well as its products.

The DAG ledger: D-ledger same to a block but specially designed for speedy trades, minimal network charges and no miners.
Interoperability Network: super innovating on cross-chain solution, platform can interoperate with every block.
Decentralized Proxy Tokens (DPT): DPT with stability guarantees allow the trades, exchange of any virtual asset including virtual money.
High Frequency Trading: Native assists to move money off-chain and perform extreme frequency deals and trades for nominal costs.
The FRM Token: Gas of the project, FRM are spent & burned for each trade on the network.
Import/Export Value: FERRUM Network is designed to import and export values, including fiat money.

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Token
As I wrote earlier, for the implementation of all kinds of transactions with cryptocurrencies on FERRUM NETWORK will be available its internal token FRM, which will allow to carry out all transactions quickly, with minimal costs and the most reliable way. It is important to note that FRM conversion will be available for both digital and Fiat currencies. Making use of the FRM is convenient and accessible.

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