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What is Ferrum Network?
Ferrum Network is a large ecosystem that aims to merge common financial applications with the world of blockchain and crypto. The basic motive is to bring completely different blockchain versions into the traditional financial environments, and in doing so, to reveal the security, coherence and speed capabilities that the crypto assets have promised in the first place.
Features of FERRUM network
- High-speed, low-cost transactions: P2P (peer-to-peer), confirming the approximate hundreds of network costs in milliseconds
- Channel interoperability: next-generation protocol designed to connect to all block chains
- Start with consumers and networking: real users, real products, proven business applications.
- Integrated financial product line: the exchange, acquisition, trading and storage of any electrical asset using advanced financial applications running on the network.
The PERRUM NETWORK network products
Kudi Exchange. Fiat Gateway
Buy and sell cryptographic products, faster and cheaper with Ferrum Network gateway gateways, starting with our West African exchange and mobile wallet - the first in Africa offering a fully adjustable, US dollar coin stable and the ability to ship. peer-to-peer currency.
UniFyre Wallet
Transaction with any digital assets without risk for participant using UniFre Wallet, which offers revolutionary features such as risk-free trading, instant market transactions and security features to prevent casualties. The UniFyre wallet allows users to trade with any digital risk-free partner's assets and provides revolutionary features such as risk-free over-the-counter operations, instant market operations, and storage functions to avoid accidental loss. For all online transactions, you need numbers to spend and burn.
TECHNOLOGY
- Innovative technology built for high-speed peer-to-peer digital assets is the backbone of Ferrum Network and its products.
The DAG ledger
- A decentralized ledger is similar to a designed block for fast transactions, a minimum of network fees and no miners
Interoperability Network
- Innovating on cross-chain solutions, Ferrum can interoperate with any blockchain / network
Decentralized Proxy Tokens
- The Decentralized Proxies with stability guarantees the exchange of any digital assets, including digital fiat
High-Frequency Trading
- Native support for off-chain assets and high-frequency trades and transactions for nominal costs
The FRM Token
- Gas of the network, FRM is spent and burned for every transaction on the network
Import / Export Value
- Ferrum is designed to import / export values, including fiat currencies
Problems
P2P exchange is a naturally developed theory, aimed at eliminating the limits of how to buy and sell regular Bitcoin.
Nearly during Bitcoin's existence, online transactions have acted as gateways to the pre-algorithmic world. But with the fact that there are very few online and real-life stores that accept electronic money as a payment method, they have created the need to build an interface so that users can make interactions between the economy. International real world and Bitcoin network.
Online trading platforms such as Bitstamp, China BTC, Kraken, ... have met these needs by becoming a popular place to buy Bitcoin and other electronic currencies in cash and vice versa.
The drawback here is that unlike Bitcoin, these exchanges are managed by companies. This means that their employees have the right to monitor and manage all transactions between users, playing the role of referee in resolving disputes and charging all of the above activities to collect money.
Seeing the disadvantages produced by the above activities, some members of the ferrum.network community have been working on creating a new solution - the first high-speed interactive network for financial applications in The real world, characterized by Cross-Chain Interoperability - a next-generation protocol designed to connect to every blockchain.
Conclusion
Ferrum Network plans to deliberately connect all existing and upcoming blockchain protocols and the digital assets domiciled in them. And not only just that, it is poised to further extend beyond the scalability and low transaction throughput limitations as well as tackle the rising cost of transactions. As at the time of this writing, Ferrum Network has launched one of its products - Kudi Exchange, and it runs on the Ferrum Network. This proofs that Ferrum Network is more than a whitepaper, it is actually a promise fulfilled. A new era of blockchain experience has just begun.
Whitepaper: http://whitepaper.ferrum.network/
Website: https://ferrum.network/
antoarwadi
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