Review on Ferrum Network by Stephen Toluwani
An Interoperable Network Called Ferrum
Ferrum network is no longer a stealth mode project but a prominent one and got it's prominency on the 5th of June and in the year 2018, it is a Direct Acyclic Graph (DAG) the has its focus on
This incredible project was found by a man who has PhD in computer science and has also gained working experience in two great companies namely: Amazon and Microsoft. His name is Naiem Yeganeh. It is said that great things are projected from a great mind and so is this project. Naiem Yeganeh managed to create a project that will solve the many problems people face with using electronic currencies which are the transaction fee, cost accessibility.
Ferrum consist of an exchange platform, an OTC wallet, a cold storage wallet and a decentralized exchange platform
These contents of Ferrum are well structured below:
1. Kudi Exchange: A free peer to peer local currency transaction that allows individuals and business to transact using digital assets like fiat and cryptocurrency and Is powered by Blockchain. It happens to be the first of it's kind, being the first peer to peer transaction that has ever existed. The mobile application also allows speedy transfer of money one person to
2. Unifyre Wallet: Is a type of wallet that supports instant market trade due to its connection with the Ferrum network and infinity DEX. The platform is highly secured and is known to prevent accidental loss unlike other cryptocurrencies
3. Sub-Zero Wallet: Is a cold wallet that stores assets uses a secured military grade technology
With Ferrum, users are exposed to a wide range of digital currencues as it supports both ERC-20 and BEP-2 tokens and has a great transaction speed and transactions are cheap and affordable. The network also supports the creation of decentralized applications (d-apps) and new tokens. It's market value currently is about $0.016 and has a 24 hours trading volume of about $514,3
I therefore recommend Ferrum due to its great transaction speed, diversified cryptocurrencies and the partners is in cooperation
Pros
- The platform allows the exchange of cryptocurrencies with a near zero cost
- Has partners like Gemini for example
- Has its own token, FRM
- Can be stored on both ERC-20 and BEP-2
- Great transaction and processing speed
Cons
- It's token can not be mined
- It's token has a low market value
