We will provide Article to present the “ FERRUM NETWORK” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.
We live in a multi-token world, with thousands of digital assets residing across hundreds of separate blockchains. Bitcoin, Ethereum, Ripple, IOTA and EOS are all examples of major digital currencies with their own unique use cases. The ecosystem benefits from a wide variety of networks, tokens, and projects, all aiming to build a fairer, more inclusive world.
The challenge posed by interoperability goes beyond academic theory — it is a fundamental issue that pervades the entire crypto ecosystem and directly impacts all crypto users. It is a primary reason why we have not meaningfully achieved Satoshi Nakamoto’s vision of a “purely peer-to-peer version of electronic cash that allow online payments to be sent directly from one party to another without going through a financial institution”.i It is one reason the vast majorities of currencies are exchanged through traditional, trust-based centralized exchanges.
Video Introduction :
Ferrum Network is a blockchain-based FinTech company bringing world-class financial products to emerging markets. Our high-speed interoperability network supports financial applications such as fiat gateway and non-custodial wallet designed to empower millions of people around the world by giving them control of their own assets. For more information, visit https://ferrum.network.
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. 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. 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.
By utilizing existing and novel technologies, Ferrum Network allows users to cryptographically represent other digital assets, which can then be used as a medium of exchange for other digital assets, whether they are backed by centralized or decentralized technologies. We propose a protocol called Ferrum and its implemented cryptocurrency proxy called Fe. The value of every Fe is pegged to another cryptocurrency, and it can be imported or exported in relation to the underlying cryptocurrencies it represents. For example, users can convert their Bitcoins to a Fe equivalent, and execute countless fast transactions on the Ferrum Network with minimal costs, thereby avoiding the slow transaction speeds and high fees experienced in the Bitcoin network.
FERRUM NETWORK KEY FEATURES:
High-Speeds and Low Costs — peer-to-peer transactions that confirm in milliseconds for around 1 cent in network fees.
Integrated Line of Financial Products — buy, exchange, transact, and store any digital asset using advanced financial applications that run on the network.
Launching with Users and Network Utility — real products, real users, proven business practices.
Cross-Chain Interoperability — a next generation protocol designed to connect with every blockchain.
PRODUCTS BY FERRUM NETWORK:
The Ferrum Token (FRM) as Transaction Fee:
To prevent spamming the network, every Ferrum transaction needs to present a proof of work. The Ferrum Network’s proof of work is designed to be solvable in a few minutes using a normal laptop’s compute power, but this is not a practical solution for real-life users of the network and is especially limiting to users who need to run fast and/or voluminous transactions. Proof of work attached to the transactions is also used to increase the weight of the transaction, and its chance of being picked up by other nodes for validation. This removes the need for dedicated mining nodes.
We propose the native Ferrum Token, or FRM, which can be used in lieu of proof of work, or in addition to it. Users can therefore add weight to their transactions by spending FRM instead of, or in addition to, proof of work. When FRM is used to execute a transaction, the token is burned.
TOKEN DETAIL
ROADMAP
PARTNERS
FOR MORE INFORMATION YOU CAN VISIT LINK BELOW :
Whitepaper: http://whitepaper.ferrum.network/
Website: https://ferrum.network/
Your BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=185624
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