Ferrum Network fiat gateways are fast, low-cost platforms for users to buy and sell digital currencies with fiat money. Groundbreaking technology even allows users to transfer fiat currencies peer-to-peer, with no banking intermediaries.

sir affan

Abstract

The whole world is evolving every day and we have to keep up with it. Blockchain is not just about Bitcoin, it means human evolution. This technology will radically change not only the payment systems but also the people’s conception of money.

2019 marked ten years since Bitcoin—the first ever peer-to-peer (P2P), decentralized cryptocurrency and use case of Blockchain—was unveiled. In a sense, Blockchain solved the decades-long double spending problem that had stopped cryptocurrencies from being created and deployed. And at the initial stages of its launch, many people doubted its potentials.

Today, the raging debate as to whether virtual currencies will ever go mainstream or not has finally been settled. Based on the current growth rates, financial analysts and Blockchain experts estimate the number of Bitcoin users to skyrocket to over 200 million by 2024. With such a number of users, there is no doubt that cryptocurrencies are primed to penetrate the traditional markets, as a vast majority of consumers, investors, and governments, consumers adopt them.

Introducing Ferrum Network

Ferrum Network is the first high-speed interoperability network built for real-world financial applications. The DAG-based protocol layer of Ferrum Network can connect with any blockchain, and enables the peer-to-peer transaction of any digital asset in milliseconds for near-zero network fees.

The vertically integrated financial applications that run on the network empower people to take control of their financial lives. Ferrum Network fiat gateways are fast, low-cost platforms for users to buy and sell digital currencies with fiat money. Groundbreaking technology even allows users to transfer fiat currencies peer-to-peer, with no banking intermediaries.

You can imagine using the solution provided by the Ferrum Network platform, users can send BTC at high speed but with lower fees or send digital assets to other people without intermediaries. All of these things can become a reality thanks to Ferrum Network.

Key Features of Ferrum Network

Cross-Chain Interoperability

a next-generation protocol designed to connect with every blockchain

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.

Ferrum Network Technology

The DAG ledger

A decentralized ledger similar to a blockchain but designed for fast transactions, minimal network fees and no miners

Interoperability Network

Innovating on cross-chain solutions, Ferrum can interoperate with any blockchain/network

Decentralized Proxy Tokens

Decentralized proxy tokens with stability guarantees enable the exchange/transaction of any digital asset, including digital fiat

High-Frequency Trading

Native support to move assets off-chain and perform high-frequency trades and transactions for nominal costs

The FRM Token

Gas of the network, 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

Product Powered by Ferrum Network

Kudi Exchange Fiat Gateway

Buy and sell cryptocurrencies faster and cheaper using Ferrum Network’s fiat gateways, beginning with our West African exchange and mobile wallet – the first in Africa offering a fully-regulated US Dollar pegged stable coin and the ability to send fiat currency peer-to-peer.

UniFyre Wallet

Transact any digital asset with no-counter party risk using the UniFyre Wallet, which offers revolutionary capabilities such as risk-free OTC trading, instant market trades, and safety features to prevent accidental loss.

In Conclusion

Like the Lightning Network for every blockchain, Ferrum’s revolutionary technology brings networks together, for a consistently high-speed, low-cost transaction experience for every digital asset, whether BTC, ETH, XRP, EOS, Zcash, and so forth. It even works with fiat currencies. Laser-focused on user-acquisition and global adoption, 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.

Team and Advisors

Until now, there is still little information about Ferrum Team, probably their stealth mode works. However, during the conversation with one member of the team, here is some information that I can tell. The team is the inclusion of PhDs with significant experience in one of the most important USA tech company. One of the founders is a seasoned lawyer who takes the responsibility for the legal and compliance issues of the project- which is now believed among the most crucial factors. For the developer team, they are all competent and talented engineers in this field.

(We will keep you updated when we have sufficient information)

Token Metrics

(We will keep you updated when we have sufficient information)

Community

For Ferrum, due to its current stealth mode, we have just got little information about the project in its social media, such as Telegram and Twitter. Until now, they are not very active. Maybe the direction they choose is to focus on technology and legal issues, before taking any promotion campaigns to attract the attention of investors. However, taking into account that they have run no promotion campaign before and the Telegram channel now reaches nearly 7000 members is quite impressive. We will do more observation and do the rating right before the information needed is ready.

In conclusion, Ferrum Network is created with a quite ambitious idea incentivizing the fiat and cryptocurrency transferred in this market with a strong team who are still in their stealth mode. The information is limited now to draw a conclusion about the project. But for all the information which has been gathered, this can be a promising project that needs paying attention to in these recent days.

Rating from Icogens:

Ferrum Network looks forward, a good opportunity in the crypto market and does not want to waste it.