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 because Users can send almost all digital assets to Ferrum to create proxy tokens that can be traded and exchanged on the same basis as Ferrum Wallet or user-friendly DEX from Ferrum. And soon, fiat currencies can be exchanged online.

The 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.

UniFyre wallet allows users to trade risk-free digital partner assets and provide revolutionary capabilities such as risk-free OTC transactions, instant market transactions, and Safe features to avoid accidental losses. All online transactions require a number of nominal tokens to be spent and burned.

* Ferrum network *

* Main idea

* Interaction between chains

* High speed at low cost

* Integrated line of financial products

Yes, we have identified the main ideas of this project. Let's start looking for ideas. I will repeat as I said before. Technical documentation will not be provided here. The ideological component of this extraordinary project will be considered here.

* 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 at 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 financial product line *

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.

* Fill *

First, some important contexts. Remember that Ferrum Network is a new technology in fundraising and development modes. We don't try to pretend otherwise. The reality is that we currently have limited resources to compete with big players in crypto. In addition, we have one main value source: our technology.

It is also important to recognize that we are not just building another ERC-20 network. The Ferrum Network is a unique network that is built from the ground up with consideration of special use - fast and cheap decentralized transactions of any digital asset. And while we are far in terms of building networks, we are not quite ready to release the Ferrum Network code base as an open source, but will do so when we are ready.

* To understand ideas, let's talk about problems *

To understand the future potential of any project, you need to look at the real problems that are currently in the blockchain chain. First, one of these problems is not the coherence of the project among themselves, which complicates our lives. The ETH, Bitcoin, EOS networks all don't 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, lose great interest in this. Then, the speed of such operations is much lower. And there may be problems, errors in transfer to the exchange, in exchange and many more problems associated with transferring one currency to another. Second, the blockchain develops gradually, and each network has a different level of transaction.

Of course, today, the network has a good transaction speed. But those who have previously entered the market are still far behind, and this is a big problem. Transaction costs are also a problem. In each separate they are different. Well, however, payments by miners are fixed. An example is a recent story when people to transfer 0.1 ETH paid around $ 300,000 to miners for transactions. Third, financial products are also an important element of any system. Their absence slowed the development of the network. It is also difficult to find interactions with other networks without such products.

*The Context*

First, some important contexts. It is helpful to remember that Ferrum Network is a new technology in fundraising and development modes. We don't try to pretend otherwise. The reality is that currently we have limited resources to compete with big players in crypto. In addition, we have one main value source: our technology.

It is also important to recognize that we are not just building another ERC-20 network. Ferrum Network is a unique network that is built from the ground up with consideration of special use - fast and cheap decentralized transactions of any digital asset. And while we are far away in terms of building networks, we are not quite ready to release the Ferrum Network code base as an open source, but will do so when we are ready.

We believe the most important thing we can do now is to build great products on the network and get loyal users. This is why we focus on making world-class decentralized financial products - specifically decentralized cross-chain wallets, cross-link DEX, Sub Zero Wallet applications for cellular cold storage, and Kudi Exchange, the first Nigerian crypto-to-cryp fiat exchange supported by the Network Ferrum - and then get users for these products.

Therefore, transparency remains one of our core values. So until our products are launched and the network is ready, we will conduct many code reviews from third-party providers and release these reviews publicly to show our community that technology is legitimate. However, it is very important to emphasize that Ferrum Network will remain open source - anyone will be able to build on Ferrum Network after the launch of the main net. But for now, we hope people will be satisfied with this code review and our product demo.

*TECHNOLOGY*

Innovative technology built for high-speed peer-to-peer transactions from every digital asset is the backbone of Ferrum Network and its products.

* DAG ledger

Decentralized ledgers are similar to blockchain but are designed for fast transactions, minimal network costs and no miners.

* Interoperability networks

Innovating in cross-chain solutions, Ferrum can operate with any blockchain / network.

* Decentralized Proxy Tokens

Decentralized proxy tokens with guaranteed stability allow the exchange / transaction of any digital assets, including digital fiat.

* High Frequency Trading

Native support for moving assets outside the chain and conducting high frequency trading and transactions for nominal fees.

* FRM Tokens

Network gas, FRM tokens are spent and burned for every transaction on the network.

* Import / Export Value

Ferrum is designed to import / export values, including fiat currencies.

* Token Information *

*ROADMAP*

Q1 2018

Testnet Prototype Developed

Q2 2018

Finalists in the 2018 Consensus Pitch Competition

Q3 2018

Release of UniFyre Wallet beta with OTC trading support

Q4 2018

MVP support is complete with BTC, XRP, and ERC-20

Q1 2019

Kudi Exchange Release

Q2 2019

Kudi Business released a feature

Q3 2019

Launch of the public network test

Public sales

UniFyre Wallet Release.

Q4 2019

Launch of main-net interoperability network

Q2 2020

Sub-Zero wallet released

Q3 2020

Infinity DEXw / releases advanced features

Q3 2020

Expand fiat gates to new markets

Q4 2020

Payment platform and more.

*Conclusion*

This is the first look on this unique product. In the near future, I will try to consider in detail the elements that allow you to work on this network. I like the main idea of ​​this project. If the product unifies all shared networks, even though it is a protocol, this will be a major breakthrough in the world of cryptocurrency and blockchains. Information about this extraordinary project, as usual, I will leave below this article. Thank you, dear friends, for your attention.

This product will be digital money where you can work with real money. And digital currency wallet. Also written a wallet will be distributed to us to be traded outside. In general, this project connects product lines that will allow us to easily access this network. Based on the first few points, I can imagine being very comfortable using one wallet for all coins. And do fast transactions.

FURTHER INFORMATION:

Website: http://ferrum.network/

Whitepaper: http://whitepaper.ferrum.network/

Telegram: http://t.me/ferrum_network

ANN Thread: https://bitcointalk.org/index.php?topic=5134952

Twitter: https://twitter.com/FerrumNetwork

AUTHOR (3pas): https://bitcointalk.org/index.php?action=profile;u=2635801

ETH address: 0x4bDd6F4dDbC8Eecb266bB107f1Aa10e3E0e9DBa1