Review on Ferrum Network by LUIS RIVERO R
It is a good time to follow them. Ferrum
What this project seeks is to facilitate interconnection between chains, reducing costs when making these interactions.
-This project aims to develop financial products such as those already known, Exchange of digital assets and fiat money in addition to a wallet.
-The token created for the platform becomes something like the ether for transactions within the network, and serve as gasoline for the maintenance and use of the network. With the particularity that these will be burned lowering the availability and possibly increasing the price of the token.
-It has as project the development of a mobile wallet and a hardware version of it, in addition to an exchange that allows fast checks and exchanges regardless of the network from which the transfer is made.
-It has constant updates of the project in its various methods of communication, apparently they have a good approach to the community, although it is noteworthy that it does not have a large community this is possible to verify in its various methods of dissemination.
-It has updates on github, it is possible to follow its progress in terms of code and development.
However, it is not yet possible to give a final decision regarding this project, since its benefits and applications are in development or approach. In addition to having certain characteristics similar to other projects this taking its usefulness, the token is a kind of Gas that moves all Ferrum's ecosystem, so it must be extremely good so that it can attract the attention of the most skeptical.
Pros
- Fast transactions and low fees.
- P2p negotiation
- Integration of an entire network, mobile wallet, hardware and an asset exchange.
- It has good activity in updating repositories in github.
- It has use cases of its application especially aimed at Africa.
- Kudi Exchange launched, likewise the token.
Cons
- Low trading volume.
- It is listed in few exchanges, has less negotiation and volume.
- It does not have its chain.
- Exchange only available for mobile.
New products
Comments (2)
October 15, 2019
Thank you Luis for that very thorough and honest review! Wanted to let you know we are working on those things you mentioned - like our main net, additional exchanges, and improving the trading volumes on our existing exchanges. I hope you continue to follow our developments because the end of 2019 will be big! Best, -Ian
