Blockchain technology has gotten to the level in which the whole world cannot do without it. We have discovered that this technology is making the news headline everyday which symbolizes global and rapid adoption of this technology. But despite the greatness and potential of this technology, there are still some things that needed to be improved upon its use. We have several and different blockchain network such as bitcoin blockchain, ethereum blockchain, eos blockchain, tron blockchain and some other more. The level of difficulties associated with each of this blockchain network varies based on the type of blockchain.
We have some blockchain that are more cumbersome and difficult to use than some others, we also have some that easy to use but they are lacking some other qualities. Let’s take for example the speed of transaction which is solely dependent on the nature of blockchain transaction. Some transactions do take several hours before it could be confirmed on the blockchain network, some blockchain also charges high transaction and mining fees. This is the reason why a new team has gathered around to rectify this problem by launching a new blockchain project known as
Ferrum Network is a high-speed interoperability network built for realworld financial applications. It is comprised of two interconnected elements: (1) a DAG-based interoperability network that can connect to nearly any blockchain enabling peer-to-peer transactions of any digital asset in milliseconds, and (2) the vertically integrated financial applications running on the network that allow users to buy, sell, transact, exchange and store any digital asset without taking custody of those assets.
In addition, 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.
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
Products powered by FERRUM Network
FERRUM is launching a vertically integrated range of financial items on peak of the network which empower consumers to take control of their financial lives.
KUDI Exchange Fiat Gateway
Sell and buy crypto assets cheaper and faster using this gateway, starting with their West African mobile wallet and exchange – the first in Africa providing a completely regulated USD pegged stable coin and the capability to send fiat money to P2P.
Trade any virtual asset with no counter party threat utilizing this wallet, which offer revolutionary capabilities such as threat free OTC dealing, instant market transacts, and security feature to stop accidental loss.
About The Technology
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.
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
FERRUM Network is designed to import and export values, including fiat money.
The FERRUM NETWORK project is a kind of exchange for managing cash assets, for selling and buying cryptocurrency, regardless of the blockchain platform on which the coins were created. Each FERRUM payment gateway will allow transfers as fast as possible and, thus, a decentralized exchange will gain high efficiency in the entire cryptographic field.
In addition, the FERRUM platform will have its UniFyre mobile wallet, as well as the SebZero hardware wallet, which, according to technical indicators, is one of the most qualitative and innovative hardware wallets of modern times.
In order to increase the security of the exchange processes, the creators of FERRUM NETWORK plan to start using their own internal marker located on the blockchain platform. The marker will be a great tool for cryptocurrency exchange. The main goal of all this is to prevent fraud, to which participants themselves may resort. Operations will take place at high speed and, accordingly, none of the users will have any technical problems.
FERRUM NETWORK will have its own accounting unit - FRM-token, with which it will be able to transfer money safely, quickly and efficiently. As for the FRM conversion, both paper and cryptocurrency will be available for it. Thus, FRM will become an even more convenient token for use.
The distribution of tokens is as follows:
FERRUM Network token will be ERC: 20 assets, migrating to native with Main-net. FERRUM token is the gas of the project. FERRUM network will reveal also the Reserve Model to reduce a circulating supply of FRM tokens.
ANN THREAD: https://bitcointalk.org/index.php?topic=5134952
Author : Maniecool
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