Ferrum Network - Solve cryptocurrency user problems in the traditional finance world.

in #blockchain • 5 years ago

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Introduction.

From time to time, almost all businesses that want to grow need support in digital form to develop.
In making financial reports, you can do manual writing for small-scale businesses. But what if you want your business to grow and of course have lots of transactions, can you still do financial reports manually? Of course that is impossible, because making a report like this will take a lot of time and energy. In addition, the risk of double recording can also occur, which will result in calculation errors, which cause losses. Certainly requires the best digital system and technology for today. To answer this problem, you can use financial applications in your business. Introducing You FERRUM NETWORK Best Financial and Trade Management Application for Faster Business Development.

About the Ferrum network

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FERRUM Network is a fast interconnectivity network specifically designed for decentralized economic applications. Network brings together Blocks and allows cheap and fast trading without taking over consumer assets.

Ferrum Network is the first high-speed interactive network built for real-world financial applications. The Ferrum network-based DAG protocol layer can connect to any blockchain and allow peer-to-peer transactions of each digital asset in milliseconds with network costs almost zero.

Ferrum is a decentralized interoperability network that allows to manage, trade and exchange any digital asset without saving user assets. Built on cyclic graph networks (DAG), Ferrum is faster, cheaper and more scalable than traditional block chains. Not limited to ERC-20 tokens; Users can send almost all digital assets to Ferrum to create proxy tokens that can be traded and exchanged on an equal basis with Ferrum Wallet or DEX which is user friendly from Ferrum. And soon, fiat currencies can be exchanged online.

The Ferrum network utilizes the value of existing blockchain and connects it to a layer of high-speed transactions that enable peer-to-peer transactions from any digital asset. Focusing on lasers on user acquisition and global adoption, Ferrum Network has built a series of financial applications that are vertically integrated on the network, enabling users to buy, exchange, transact, and store any digital assets without the risk of the other party.

This allows decentralized trade which is an order of magnitude faster and cheaper than other alternative presets. FERRUM Network is the first decentralized exchange that offers a centralized exchange experience along with modern functions such as small sales and margin trading features.

FERRUM Network Technology also enables consistent traders and retail experience for virtual asset payment solutions, and all other applications that are under initial development.

The main purpose

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Ferrum Network's main goal is to create a high-speed interoperability network for real-world financial applications. Ferrum aims to solve the real problem of cryptocurrency use in the traditional financial world: high and low cost transactions, no interoperability, use and difficulty understanding for newcomers.

The Ferrum Network will build a line of vertically integrated basic financial applications above the Ferrum Network that will allow users to buy, exchange, transact, and store any digital assets without the risk of the other party.

In simple words, the Ferrum Network will create layers and infrastructure that will allow customers to buy commodities or services using any digital currency in milliseconds without difficulty.

Ferrum Network - The main idea

  • Interaction between chains, In general, what can be said is the main component of this project that makes this project unique. This is what allows the project to interact with all networks. The Ferrum Network is a new generation protocol that can easily connect to any network. The protocol that the developer ensures works on the network. There is never such a thing. And such a protocol unites all cryptocurrency networks into one. It doesn't matter what your coins are. Use this project you will be able to interact with what you want. Dozens of unnecessary operations will go away after the network enters the market. I myself regularly face this problem. What interacts with other networks that I need to do dozens of operations. And it can be said to be very annoying.

  • High speed, low cost, high speed - the protocol runs on the network. No matter which coin you will send Bitcoin or ETH. You will have an identical, stable operating speed. Are you saying Bitcoin has a low transaction rate? Please have a project that makes the speed the same. Also, talk about network costs. As you already understand, this is not a blockchain. And mining fees will not be requested from you. And that means we will get a new price for our transaction. It will be much cheaper. Where gas will be a FRM project token. Well, that's why we're all used to anything that's free.

  • Integrated line of financial products, like other networks. Networks need financial tools. And this project has developed these products. They have given us information about product development. This will be a digital currency exchange where you can work with real money. And cryptocurrency wallet. It is also written that the wallet will allow us to be outside the exchange trade. In general, this project handles product lines that will allow us to easily interact with this network. Based on the first few points, I can imagine how comfortable it is to use one wallet for all coins. And do fast transactions.

FERRUM Network Main Features:

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  • High Speed and Low Cost - P2P (peer-to-peer) trading that confirms in milliseconds for about one cent in network costs.

  • Cross-Chain Interoperability - the next gene protocol designed to be attached to all chain-blocks.

  • Launch with consumers and Network Utilities - real users, real products, proven business practices.

  • The integrated Financial Products range - exchange, buy, transact, and store all electricity assets using sophisticated financial applications that run on the network

Services provided by the Ferrum Network Platform.

Ferrum Network provides services that are very promising products for financial users, namely Kudi Exchange & UniFyre Wallet, all of which are well integrated on the Ferrum platform network. utilize this service to facilitate their finances with many benefits.

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Kudi Exchange
Kudi Exchange is fiat-to-crypto transportation with a highly structured system. Kudi Exchange can be considered as Coinbase plus Venmo-topeer. making us able to buy Bitcoin, Etherium, XRp on a nominal value system on a network that buys and sells cryptocurrency gateways faster and more stable does not interfere with existing networks.

UniFyre Wallet Wallet
transact every digital asset without the protection of others to use the Unifyre wallet. very easy to use for users and already connected to their UniFyre Wallet network. UniFyre wallet flexibility - questionable and decentralized tokens make it easy for users with superior transaction speeds compared to other wallets.

UniFyre Wallet function is very attractive for Crypto users, one of which is the "Send" function that allows users to send their other users to the Ferrum Network, because based on what can be done with a centralized wallet it is more efficient, but with some additional features and protection to get more perfect system.

The technology used by FERRUM Network

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Innovative technology built for high-speed P2P trading from any virtual asset is the backbone of FERRUM Network and its products.

  • DAG ledger: D-ledger that is the same as a block but is specifically designed for fast trading, minimal network costs and no miners.
  • Network Interoperability: super innovation on cross-chain solutions, platforms can operate with each block.
  • Decentralized Proxy Tokens (DPT): DPT with guaranteed stability allows trading, exchanging any virtual assets including virtual money.
  • High Frequency Trading: Original helps move money from the chain and makes extreme frequency transactions and trades nominal fees.
  • FRM Tokens: Project gas, FRM is spent & burned for every trade on the network.
  • Value of Import / Export: The FERRUM network is designed to import and export values, including fiat money.

Token

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As I wrote earlier, to implement all types of cryptocurrency transactions on FERRUM NETWORK there will be an internal FRM token available, which will make it possible to make all transactions quickly, with minimal costs and the most reliable way. It is important to note that FRM conversions will be available for digital currencies and Fiat. Using FRM is easy and accessible.

Specifications

Token: FRM
Token cost: 1 FRM = 0.0168 USD
Tokens for sale: 400 million FRM
Total amount of deliveries: 1 000 000 000 FRM
Softcap: TBA
Hardcap: $ 6,000,000

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Roadmap

According to the roadmap, Ferrum Network has released:

  • Blockchain Testnet with BTC, ETH, ERC-20, XRP exchanges
  • Beta wallet
  • Kudi Exchange (mainnet)

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Team

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Advisor

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Partners

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Have a question or need more information about the Ferrum network?
Then please check the link below:

Website: http://ferrum.network/
Whitepaper: http://whitepaper.ferrum.network/
ANN Thread: https://bitcointalk.org/index.php?topic=5134952
Telegram: http://t.me/ferrum_network
Medium: https://medium.com/ferrumnetwork
Twitter: https://twitter.com/FerrumNetwork
Facebook: http://facebook.ferrum.network/
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 : Hokky darmawan
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1840810
ETH : 0xb616c8392f2d4741765A3e1BE8D9728Be884797a

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5 years ago in #blockchain by
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