We will provide articles to introduce the FERRUM NETWORK project to potential platform participants and those interested in contributing to its development. The information below may not be complete and does not constitute a contractual relationship. The main purpose is to provide information to everyone so that they can determine if they are willing to analyze the company with the intention of receiving or investing in tokens.
We live in a multi-token world with thousands of digital assets residing in hundreds of separate blockchains. Bitcoin, Ethereum, Ripple, IOTA and EOS are examples of important digital currencies with their own unique use cases. The ecosystem benefits from a variety of networks, tokens, and projects, all designed to build a more equitable, inclusive world.
The challenge of interoperability goes beyond academic theory - a fundamental problem that pervades the entire crypto ecosystem and directly affects all crypto users. This is one of the main reasons we embrace Satoshi Nakamoto's vision of a "pure peer-to-peer version of electronic money that allows online payments to be sent directly from one party to another without going through a financial institution," This is one of the reasons why the vast majority of currencies are traded through traditional, trust-based, centralized exchanges.
Video Introduction:
Ferrum Network is a blockchain-based FinTech company that brings world-class financial products to emerging markets. Our high-speed interoperability network supports financial applications such as Fiat Gateway and Non-Custodial Wallet, which gives millions of people around the world control over their own assets. For more information, see https://ferrum.network.
Developed by a distributed systems expert with more than ten years of experience at the world's largest technology companies, Ferrum Network is designed to address two fundamental issues that hinder the widespread adoption of cryptocurrency: slow transaction speeds and interoperability between networks. Ferrum Network leverages the values of existing blockchains and connects them to a high-speed transaction layer that enables peer-to-peer transactions for all digital assets. Ferrum Network has built a vertically integrated suite of financial applications on the network that allow users to buy, share, transact and store digital assets with no counterparty risk.
By leveraging existing and novel technologies, Ferrum Network enables users to cryptographically represent other digital assets that can then be used as a barter of other digital assets, whether based on centralized or distributed technologies. We propose a protocol called Ferrum and its implemented cryptocurrency proxy called Fe. The value of each Fe is tied to another cryptocurrency and can be imported or exported relative to the underlying cryptocurrencies it represents. For example, users can convert their bitcoins to a Fe equivalent and run countless fast transactions in the Ferrum network at a minimal cost, thereby avoiding slow transaction speeds and high fees in the Bitcoin network.
FERRUM NETWORK FUNDAMENTAL FEATURES:
High Speeds and Low Cost - Peer-to-peer transactions that confirm in milliseconds for about 1 cent network fees.
Integrated Line of Financial Products - Buy, trade, transact and store digital assets with advanced financial applications running on the network.
Start with users and Network Utility - real products, real users, good business practices.
Cross-Chain Interoperability - A next-generation protocol designed to connect to each blockchain.
PRODUCTS OF FERRUM NETWORK:
The Ferrum Token (FRM) as Transaction Fee:
In order to avoid spam in the network, a proof of work has to be provided with every Ferrum transaction. The proof of work of the Ferrum network is designed so that it can be solved with the computing power of a normal laptop in a few minutes. However, this is not a practical solution for real network users and is particularly limited to users who need to work quickly and / or reliably. or extensive transactions. The work record associated with the transactions is also used to increase the weight of the transaction and its likelihood of being picked up by other nodes for validation. This eliminates the need for dedicated mining nodes.
We suggest the native Ferrum Token or FRM, which can be used instead of or in addition to proof of work. Users can therefore add weight to their transactions by issuing FRM instead of or in addition to proof of work. When FRM is used to execute a transaction, the token is fired.
TOKEN DETAIL
ROADMAP
PARTNER
For more information, please visit:
Whitepaper => http://whitepaper.ferrum.network/
Website => https://ferrum.network/
Kudi Exchange => https://play.google.com/store/apps/details?id=com.ferrum.kudi
Twitter => https://twitter.com/FerrumNetwork
Telegram => http://t.me/ferrum_network
Username => lani123lani
Bitcointalk profile => https://bitcointalk.org/index.php?action=profile;u=1220105
Address ETH => 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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