Review on Ferrum Network by Orlymar Córdova
Ferrum Network: An innovative project that allows interaction between chains, allowing faster and lower-cost transactions.
Nowadays, when we can affirm that the financial market has made great strides in the process of transition from centralization to decentralization, there are many elements that still need to be developed to finally achieve this task. The implementation of cryptocurrencies, for example, has largely made it possible to decentralize the issuance of money and its storage, however these are only parts of the great financial ecosystem, there is still no progress in other areas such as smart contracts, protocols and dApps built on blockchain. Ferrum Netword can be considered as one of those more complete and open Defi ecosystems designed to solve many of the problems that decentralized finance presents.
Ferrum Netword is an innovative platform that has set itself the goal of interoperating through blockchain blockchains, eliminating the most frequent barriers such as: digital asset exchanges with super expensive fees, the complexity of transactions, the impossibility of operating. with fiat currencies, among others. To achieve this, Ferrum Netword has teamed up with DAG, which has made it possible to interconnect blockchain, allowing users to manage their assets regardless of which chain of blocks they are created on, providing greater speed at the lowest possible cost, which in turn will lead to exchanges more efficient decentralized systems, facilitating their mass adoption.
Pros
- Because it is based on the DAG network, it is faster and cheaper than conventional blockchains.
- It allows to make exchanges between cryptocurrencies and fiduciary modes.
- It has its own deflationary token FRM, which allows to reduce commissions much more in transactions.
- Ferrum Netword has developed decentralized cross-chain tools and applications, notably the creation of a fully decentralized crypto wallet and exchange.
Cons
- FRM is currently currently ranked 600th on coinmarketcap. Despite the great benefits it offers, it remains very unpopular.
- Your FRM token cannot be mined.
