Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been hard efforts to implement blockchain on several aspects of global business processes, Blockchain technology has been described as having the potential to disrupt many industries at low cost. transactions, eternity, and enhanced security. In the following years, many other blockchain implementations have been developed with each showing unique features tailored to specific use cases.
Blockchain has made it possible to issue almost all assets through the distributed ledger framework. With the help of cryptocurrency tokens, these assets can be given economic value to start and validate some transactional processes. Several on-chain protocols have been developed by a number of startups and companies that were established to create blockchain-based solutions.
On this occasion I will provide interesting information, especially in the world of Cryptocurrency. This ICO project related to the financial world called Ferrum Network is a fast interconnectivity network designed for decentralized financial applications. Before the discussion, it's a good idea to read reviews that can help get information in seeing their vision and mission. Hopefully this information, of course, will give you a little insight and interest in getting involved with the Ferrum Network ICO Project.
About Ferrum Network
Ferrum Network, designed by distributed system experts with more than ten years of experience in the world's largest technology company, was built to address two fundamental problems that hinder major cryptocurrency adoption: slow transaction speeds and lack of interoperability between networks. Instead of building a standalone network, Ferrum Network utilizes the value of existing blockchain and connects it to a high-speed transaction layer that enables peer-to-peer transactions from any digital asset.
Like Lightning Network for each blockchain, Ferrum's revolutionary technology unites networks, for consistently high-speed, low-cost transaction experience for each digital asset, both BTC, ETH, XRP, EOS, Zcash, and so on. He even works with fiat currencies. Focusing on lasers on user acquisition and global adoption, Ferrum Network has built a line of financial applications vertically integrated on the network, enabling users to buy, exchange, transact, and store any digital assets without the risk of opposing parties.
Ferrum Network Technology
- DAG ledger: Decentralized ledgers are similar to blockchain but are designed for fast transactions, minimal network costs and no miners.
- Interoperability Network: Innovating in cross-chain solutions, Ferrum can operate with any blockchain / network.
- Decentralized Proxy Tokens: Decentralized proxy tokens with guaranteed stability allow exchange / transaction of any digital assets, including digital fiat.
- High Frequency Trading: Genuine support for moving assets outside the chain and conducting high frequency trading and transactions for nominal fees.
- FRM Token: Network gas, FRM tokens are spent and burned for every transaction on the network.
- Import / Export Value: Ferrum is designed to import / export values, including fiat currencies.
Ferrum Network Key Features
- Cross-Chain Interoperability: the next generation protocol designed to connect with each blockchain.
- High-Speeds and Low Costs: peer-to-peer transactions that confirm within a millisecond of about 1 cent in network costs.
- Integrated Line of Financial Products: buy, exchange, transact, and store any digital assets using sophisticated financial applications that run on the network.
- Launching with the Users and Network Utility: real products, real users, proven business practices.
Ferrum Network launches a vertically integrated financial product line above the network that empowers users to control their financial lives.
- Kudi Exchange Fiat Gateway: You can buy and sell cryptocurrency faster and cheaper using the Fiat Gateway Ferrum Network Network, starting with West African exchange and their first smartphone wallet in Africa offering stablecoin set in a fully regulated US Dollar and the ability to send fiat peer-to-peer currency.
- UniFyre Wallet: You can do any digital asset transactions without risk using UniFyre Wallet. UniFyre Wallet offers revolutionary capabilities such as risk-free OTC trading, instant market trading, and safety features to prevent loss due to errors.
Ferrum Network has its own original token, PUR (short for PURE FERRUM) and other proxy tokens. As mentioned, Fe is used as a "gas" in the network, similar to the cost of Ethereum gas on the blockchain Ethereum. Proxy tokens means tokens that are imported into the network and have the same value as the original. Here is an example. If 1 BTC is added to the Ferrum Network, it will be exchanged for 1 Fe (BTC) - with the same value and use an external exchange protocol. Something similar happened to fiat currencies. If USD or EUR is sent to the network, we will have Fe (USD) and Fe (EUR) on the network.
In short, Fe tokens, such as Fe (BTC), Fe (ETH) are made by locking the original value, they have developed several techniques to do this. Some of them involve smart contracts and some don't. However, they all ensure the security of transactions.
Ferrum Network Information & ICO Token FRM
FRM tokens will be used to make all transactions quickly, minimal fees and the most reliable way. As well as conversion of FRM tokens will be available for digital currencies and Fiat.
Token details
- Name: Ferrum Network
- Token: FRM
- Token Price: 1 FRM = 0.0168 USD
- Tokens for sale: 400,000,000 FRM
- Total Supply: 1,000,000,000 FRM
- Softcap: TBA
- Hardcap: 6,000,000 USD
Token Distribution
Roadmap
Team
LINKS
Website: https://ferrum.network/Whitepaper: http://whitepaper.ferrum.network/
Facebook: http://facebook.ferrum.network/
Telegram: https://twitter.com/FerrumNetwork
Twitter: https://twitter.com/FerrumNetwork
Author :
Bitcointalk Username : tagir80
ETH Address : 0x0Cc48B77e02bF96F64513aEC974400E216985149
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