Ferrum Network is a decentralized blockchain network operating on a similar principle to the Ethereum or IOTA network, but with its unique innovative capabilities.
It is more versatile, as you can exchange tokens and coins among themselves from different networks and without restrictions. It can be ether, bitcoin, tokens of ERC-20 standard or other standards and blockchain networks.
This approach makes the Ferrum Network a more flexible system, taking into account the needs of different customers and using the features of different platforms, working as a regulator and at the same time without a centralized Manager, in a free and decentralized blockchain network.
Ferrum Exchange
To improve the reliability and security of exchange processes, the ferrum Network development team will use its own token on the blockchain, whose task is to perform all the functions of exchanging cryptocurrencies among themselves.
Such a system will not allow fraudsters to fraud and deception, making the platform more stable and secure.
All transactions will be executed as quickly as possible for the full convenience of users, simplifying payments, improving trust and transparency to the Ferrum Network ecosystem.
In terms of functionality and capabilities Ferrum Exchange is no different from the centralized top exchanges such as Binance or Bittrex.
But still there are significant differences that make Ferrum Exchange a necessary tool for anyone who wants to trade on the exchange safely and comfortably. One of these differences is the decentralization of the Ferrum Network platform itself. This is a very important point, which means that the exchange will not store your assets in their wallets.
When you make a Deposit to a centralized exchange, they are stored in their wallets, the exchange has full access to your assets and private keys. At any time they are able to freeze or liquidate your account with the possibility of confiscation
all your assets and the transfer to third parties, which may be government officials or hacker groups, the latter option should not be excluded.
The Ferrum exchange operates on a different principle, it does not store your assets at home without having access to them, and your private keys are also at your disposal and are not available to the exchange. You have full access to your data.
Advantages and features
As you have already understood FERRUM NETWORK will be a kind of exchange in which users will be able to quickly manage their assets by buying and selling some coins to others, no matter on what blockchain they are created. All FERRUM payment gateways are designed to provide the highest speed at the lowest possible cost. Which in turn will lead to more highly efficient decentralized exchanges throughout the cryptographic world.
To complement the exchange FERRUM will be built-in mobile wallet UniFyre with its derivative branch in the form of a cold hardware wallet SebZero, technical indicators of which are considered one of the most reliable and best hardware wallets of our time.
Also, to increase the reliability and security of all exchange processes, the developers of FERRUM NETWORK intend to use their own internal token on the created blockchain, with which all functions of exchanging one cryptocurrency for another will be carried out. The whole process is aimed only at eliminating any fraudulent activity on the part of the participants. All operations will proceed as quickly as possible, so there will be no difficulties and hitches for users.
Information about token Ferrum Network
Ferrum is designed to allow developers to create new tokens that can be traded and exchanged in a scalable way. As explained below, Fe (BTC) or Fe (ETH) is the token that is supported by external value. In Ferrum, we introduced a new type of transaction, which we call Transaction Genesis. Trading Genesis releases a new set of tokens that are not supported by anything. Genesis trading has the following additional fields: Number of tokens and ended. Trading Genesis can be created by smart contract or normal account. The creator of the open-ended Genesis Trading can create more Genesis Transactions. The only account that can spend from Transaction Genesis is the originator, the normal account or the smart contract.
Protocols allow Ferrum Network to see on networks that are simple enough without being tied to electronic money. A digital currency fiat entity can also exploit such protocols to create Fe (EUR), Fe (AUD) or any other currency in the world. When fiat currencies are put into Ferrum network, they can be freely traded or exchanged with each other or any other digital asset.
Roadmap
Information Ferrum Network :
Website: http://ferrum.network/
Whitepaper: http://whitepaper.ferrum.network/
Telegram: http://t.me/ferrum_network
Twitter: https://twitter.com/FerrumNetwork
ANN Thread: https://bitcointalk.org/index.php?topic=5134952
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