What is FERRUM Network?
FERRUM Network is a quick interconnectivity network created for decentralized cross chain financial apps. FERRUM allows the management, deals, and exchange of any virtual asset, without taking care of consumer's asset.
Built on the DAG (directed acyclic graph) network, it's faster, less expensive and more scalable than conventional block-chains. FERRUM is blocked agnostic, meaning it can aid assets for every network and is not restricted to ERC: 20 tokens.
They've developed many decentralized cross-chain apps on peak of the network, including a decentralized crypto wallet and decentralized exchange, with more D-Apps in growth. Consumers can deposit their virtual asset into the network, generating a proxy asset of identical worth that can be transacted P2P using FERRUM Network wallet, or exchanged over FERRUM's decentralized exchange in milliseconds.
The FERRUM DEX also supports advanced features including top frequency trading, short selling and Artificial Intelligence drove trading assistance. Moreover, they're developing fiat gateways for the quick and cheap exchange of fiat money and digital money. After engaging in limitless rapid and cheap deals, consumers can safely withdraw their tokens to their actual block.
Problems and their Solution
I found FERRUM Network as a prominent program in early June 2018 and place it on the radar. Now it is not a stealth mode program anymore and they can take a look at it more deeply.
• A major purpose of FERRUM Network is to create a top quality pace interoperability network for actual world financial apps. FERRUM aims to solve the actual issues of digital money usage in the conventional finance world: peak cost and low-speed deals, lack of interoperability, usage and recognizing hurdles for newcomers.
• FERRUM Network will build a vertically integrated range of basics financial apps on top of the FERRUM Network that'll allow consumers to purchase, transact, exchange and store any virtual money with no counterparty threat.
• In simple lines, FERRUM Network will create a layer, infrastructure that'll allow clients to buy commodities or services using any digital money in milliseconds without any issues.
The interaction among the chains
This is what lets the program to interact with whole networks. FERRUM Network is a new generation protocol which can simply link to any network. A protocol which developers make sure is working on top of the network. There has never been such a matter. And such a protocol unites the complete crypto network into one. It doesn't matter what's your coin. Use the program you'll be capable to interact with what you wish.
High speeds at low cost
Extreme speed - protocol runs on the peak of the network. No matter which tokens you'll send BTC or ETH. You'll have a stable identical speed of the process. Are you saying BTC has a low deal rate?
Please have a program which makes the speed the similar. Also, talk about network charges. As you previously understood, this not a block-chain, and mining expenses will not be needed from you. And that means we’ll get a new rate for our deals. It’ll become much cheaper. Where the gas will be the assets of the FERRUM program, well, that is why we’re all accustomed to nothing free.
An integrated line up of financial results
Like all network. The network requires financial tools, and the program is already developing these. They’ve already offered us with info on product development. It’ll be a digital money exchange where you can work with actual money, and a digital money wallet. it’s also written that wallet will let us exist outside the asset exchange transaction.
In general, the program took care of product line that’ll let us to simply interact with this network. Backed on the first few spots, I can imagine how convenient it’ll be to us on a single wallet for all tokens. And make rapid trades.
Helpful links :
Whitepaper: http://whitepaper.ferrum.network/
Website: https://ferrum.network/
My Details:
Bitcointalk username - shans
Bitcointalk profile url - https://bitcointalk.org/index.php?action=profile;u=1281298
Telegram username - @shanshiwank