Review on Ferrum Network by gregori cordova
a novel proposal to massify decentralized finance( defi )
The growing demand in the market and the rise of DEFI decentralized finance projects are causing an unprecedented revolution in the cryptographic environment and that aims to continue advancing into other spaces. But like any new proposal, decentralized finance faces certain existing problems with respect to its adoption, because to date it cannot be interoperated with them between the different existing blockchains. It is there where the Ferrum network project comes into play, an innovative platform that seeks to solve this problem by allowing the exchange of digital assets between different chains peer to peer, thereby saving valuable time by being able to carry out extremely fast transactions, even with fiat currencies. , thus helping to create a fully decentralized ecosystem capable of reaching many areas of the international financial system. They have their own deflationary token, which is used especially to obtain even cheaper rates when making transactions. It is one of the platforms that offers a large number of tokens available for staking, which represents a very valuable opportunity to generate passive income with the cryptocurrencies that we are not using.
The project has been very well received in the crypto market due to its numerous advantages and all-in-one services, which will undoubtedly make decentralized finance projects massively deployable in the real world and with absolute interoperability between the different blockchains. that exist, but have a long way to go due to the expectation that defi projects represent in the market
Pros
- They have a decentralized exchange unique in the market to exchange defi cryptocurrencies between different blockchains
- Cryptocurrency transfers with this platform are extremely fast and with almost zero commissions.
- They offer a wallet called sub-zero wallet where your coins are stored off-line, minimizing the risk of hacking
- There is the opportunity to stake many cryptocurrencies in the erc-20 standard and earn commissions for it
- With its tool The foundry, the platform offers an ideal alternative to successfully execute Icos of defi projects and through which, FRM toke holders are the first beneficiaries
- The frm token is listed on several successful and highly liquid exchanges such as Uniswap and Binance DEX
Cons
- The project has a titanic task, since the defi are a relatively new term and there is still a lot of expectation about its future
