Technology and system innovations have grabbed the world by its collar with its quenching hunger for development of new systems for the end users every day. This has led to the development of networks such as public joining, private groups, social media networks, and many more in the category. Similar to such developments, Ferrum network has found its space among the users shaping a completely new segment for money exchange among the peers using a network-based protocol. However, before we begin with the benefits that one can derive from this network, let us have a brief look at what the network is all about.
Ferrum network is a DAG-based protocol platform that has been developed for the use of a decentralized application. The application, however, has the freedom to be used as a centralized system altogether. The Ferrum team has four successful applications under their umbrella, which are known as the Ferrum wallet for an easy transaction, Ferrum decentralized exchange to exchange the currency in no time, the Kudu exchange, and the Subzero Wallet.
Thus, we can consider the Ferrum network to be the conduit of financial operations blended with high network speed interoperability. Following are some of the key features that you might find interesting.
Key features of the financial applications
The approach of a decentralized exchange system is not new. However, making an application that reduces the effort, saves time, and is ergonomic is the key benefits of owning such applications.
The first key feature that the Ferrum network provides is that of cross-chain interoperability that is designed by and for the next generation users with a protocol to connect with every blockchain.
It has a feature of providing high-speed peer-to-peer transaction over a seamless network that confirms the transaction in milliseconds at a low cost amounting up to 1 cent in the network fees. Now, you can pay or receive money without any hassle or difficulty.
It also has an integrated line of financial products through which you can buy, exchange, transact and even store any amount of digital asset over a profound and secured network.
It is a proven business practice with real products and real users making their way into the digital economy.
The transactional face of the system
The network has a secure and private gateway that provides the users with an opportunity to buy and sell cryptocurrencies swiftly without having to look for third-party outsourcing. The network not only has West African exchange for transactional purpose but also has a well-equipped mobile wallet so that you can do your transactions in a cheaper way. The app is available for download at Android as well as iOS platform making it more ergonomic as compared to other financial apps.
The Ferrum network is also well developed to carry out trading instantly by opening an account for the user in a blink of an eye through which the users can start trading their digital assets effectively.
Whitepaper: http://whitepaper.ferrum.network/
Website: https://ferrum.network/
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