Greetings to you crypto enthusiasts !!!
Today I have something new for you, project with a good idea, with a unique ecosystem and excellent technical solutions, project that shows how much today, crypto currency is developing. How it seeks to take its place in the economy. This project is unique in that it combines all the crypto currency that exists today, so say in one ecosystem, also supports the ideas of decentralization, helps increase the speed of all transactions.
Gives us new financial products. Also, reduces costs. I know already interesting. This project is called FerrumNetwork. This is the first part of a review of this wonderful project called Ferrum Network. Therefore, here we will consider the main idea of this project. All technical issues presented in the documents of this project will be covered in articles here.
Ferrum Network is the first high-speed interaction network built for real-world financial applications. The DAG Ferrum Network protocol level can be connected to any block cache and allows the peer to transaction of any digital asset in milliseconds with virtually zero transaction fees. Vertically integrated financial programs that run on the network allow people to control their financial lives. Fiat Gateway is a fast and inexpensive platform for users who buy and sell digital currency with money. Innovative technology even allows users to forward currencies that are not banking intermediaries. You can imagine when using the solution provided by the Ferrum Network, users can send bitcoins at high speed, but with less fees or to send digital assets to other people without intermediaries. All these things can become reality thanks to Ferrum Network.
Ferrum Network is a decentralized network of interactions that allows you to manage, trade and exchange any digital assets without storing user assets. Built on DAG's cyclic network, Ferrum is faster, cheaper and more scalable than traditional blockheads. Users can send virtually any digital asset to the Ferrum Network to create a proxy token that can be exchanged and exchanged equally with Ferrum Wallet or Ferrum in a user friendly DEX and subsequently exchange currency at fiat funds.
Understand the idea, let's talk about the problems
To understand the future potential of any project, you need to look at the real problems existing at the moment inside the blockchain chains. Firstly, one of these problems is not the coherence of projects among themselves, which complicates our lives. Network ETH, Bitcoin, EOS all of them do not work in different areas and are not interconnected. And we constantly have to deal with the global problem of transferring some coins to other networks, we have to turn to exchangers, to lose big interest in this. Then, the speed of such operations is much lower. And there may be problems, errors in the transfer to the stock exchange, in the exchange and many more different problems associated with the transfer of one currency to another network. Secondly, the blockchain develops gradually, and each individual network has a different transaction rate. Of course, today, networks have good transaction speeds. But those who previously entered the market still lag far behind, and this is a huge problem. Transaction costs are also a problem. In each separate they are different. Well, anyway, payment by the miner, it remains. An example is a recent story when the guy for the transfer of 0.1 ETH paid about $ 300,000 to the miners for the transaction. Thirdly, financial products are also an important element of any system. Their absence slows down the development of the network. It is also difficult to find interaction with other networks without such a product.
Main ideas
- Interaction between chains
- High speeds at low cost
- An integrated line of financial products
We have already identified the main ideas of this project. Let's get down to looking at ideas. I will repeat as I said earlier. Technical documentation will not be provided here. The ideological components of this remarkable project will be considered here.
Features of Ferrum Network
The interaction between the chains.
In general, what can be said is the main component of this project that makes the project unique, this is what allows the project to interact with all networks. Ferrum Network is a new generation protocol that can easily connect to any network, protocol that developers assure is working on top of the network, there has never been such a thing, and such a protocol unites the entire cryptocurrency network into one, it does not matter What is your coin, use this project you will be able to interact with what you want. Dozens of unnecessary operations will leave after the network enters the market, i myself regularly encounter this problem, what interacts with another network I need to do dozens of operations, and it can be said very annoying.
High speeds at low cost
High speed => the protocol runs on top of the network. No matter which coins you will send Bitcoin or ETH. You will have a stable identical speed of operations, are you saying Bitcoin has a low transaction rate? Please have a project that makes the speed the same. Also, talk about network fees, as you already understood, this is not a blockchain. And mining costs will not be required from you, and that means we will get a new price for our transactions, it will become much cheaper, where the gas will be the tokens of the FRM project. Well, that's why we are all accustomed to nothing free.
Integrated line of financial products
Like any other network. Networks need financial tools. And the project is already developing these products. They have already provided us with information on product development. It will be a cryptocurrency exchange where you can work with real money. And a cryptocurrency wallet. It is also written that the wallet will allow us to exist outside the exchange trade. In general, the project took care of the product line that will allow us to easily interact with this network. Based on the first few points, I can imagine how convenient it will be to use one wallet for all coins. And make quick transactions.
Roadmap of Ferrum Network
Conclusion
This was the first look at this unique product. In the near future, I will try to consider in detail the elements that allow you to work in this network. I like the main idea of the project. If the product unites all networks into one, even though a protocol, this will be a big breakthrough in the world of cryptocurrencies and blockchains. Information about this wonderful project, as usual, I will leave under this article. Thank you, dear friends, for your attention.
For contact, use the link below
Website: https://ferrum.network/
Whitepaper: http://whitepaper.ferrum.network/
Telegram: https://t.me/ferrum_network
Twitter: https://twitter.com/FerrumNetwork
Reddit: https://www.reddit.com/r/FerrumNetwork/
YouTube: https://www.youtube.com/channel/UCN658dMRTaH4C4dP32VHi6Q
About author,
Username: Supertar
Profile: https://bitcointalk.org/index.php?action=profile;u=1859198
ETH: 0x23E3145Ecf3ffb6390DE807B97263AA9Cf3A9b36
