Ferrum Network – The First High-Speed Interoperability Network for Real-World Financial Applications

gomes1

Ferrum Network, designed by a distributed systems expert with over ten years experience at the world’s biggest tech companies, was built to address two fundamental problems impeding the mainstream adoption of cryptocurrencies: slow transaction speeds and the lack of interoperability between networks.

Instead of building a standalone network, Ferrum Network leverages the values of existing blockchains and connects them to a high-speed transaction layer that enables peer-to-peer transactions of any digital asset.

Like the Lightning Network for every blockchain, Ferrum’s revolutionary technology brings networks together, for a consistently high-speed, low-cost transaction experience for every digital asset, whether BTC, ETH, XRP, EOS, Zcash, and so forth. It even works with fiat currencies. Laser-focused on user-acquisition and global adoption, Ferrum Network has built a vertically integrated line of financial applications on top of the network, allowing users to buy, exchange, transact, and store any digital asset with no counter-party risk.

Imagine buying a cup of coffee with bitcoin and the transaction clearing in milliseconds; exchanging BTC for ETH over a high-speed cross-chain decentralized exchange; or sending digital fiat to a user halfway around the world with no third-party intermediary…it is all possible with Ferrum Network.

gomes1

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.

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.

gomes1

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.

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.

gomes1

Roadmap
According to the roadmap, Ferrum Network has already released:

Blockchain Testnet with BTC, ETH, ERC-20, XRP exchange
Wallet Beta
Kudi Exchange (mainnet)

gomes1

TEAM
gomes1

ADVISORS
gomes1

Have some enquiries or need more information about Ferrum network? Then kindly check the links below:

Information:
Website: https://ferrum.network/
Telegram: http://t.me/ferrum_network
White Paper: https://drive.google.com/file/d/1chjmvP_Gmj6n9IeV4mGV_BBjY0hCSV9V/view
In the topic: https://bitcointalk.org/index.php?topic=5134952
Facebook: http://facebook.ferrum.network/
Twitter: https://twitter.com/FerrumNetwork
Medium: https://medium.com/ferrumnetwork
Reddit: https://www.reddit.com/r/FerrumNetwork/
LinkedIn: http://www.linkedin.com/company/ferrumnet/
Instagram: http://instagram.ferrum.network/
Youtube: http://www.youtube.com/channel/UCN658dMRTaH4C4dP32VHi6Q

Author : gomes1
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1662391
ETH : 0xe1f377f5B1c2C537485Cf0558793b5d4b9c3569F