Review on Ferrum Network by Olugbenga Ajayi
Ferrum network is a speedy definitely solution
Africa is somehow behind in cryptocurrency development when compared with other continents. A few project have attempted to harness this opportunity but have not made any changes. This is because they have not been able to solve any major problem in crypto currency.
Ferrum network when it really come live is surely going to achieve this. Why did i believe so? This is because of the ease and convenience it offers. For instance, here in Africa, people prefer having access to many features in just one click. With Ferrum, it is possible to transact with any digital asset instantly not minding the blockchain it belongs. This is because it is interoperable with other block chain.
To achieve this, Ferrum network connection different block chain to a high speed transaction layer that enables p2p transaction of any digital assets.
It has also solved another major problem which is slow transaction. With Ferrum network, several transactions can be completed within milliseconds. It employ a DAG ledger which is faster than blockchain to facilitate transaction within the speed of light with minimal fee and no miner.
Already, the team has launched a non custodial wallet known as uniFyre. With it digital assets can be sent and received. Also the Kudi exchange, another grand release from the network will provide a platform where several cryptocurrencies and flat currencies can be exchanged with ease and minimal network fee.
Pros
- It offers interoperable network that facilitates crosschain transaction
- It is designed to import and export values including flat currencies
- It allows instant sending and receiving of assets without banking intermediaries
- Transaction on Ferrum network is far faster than on other network
- It is a project that has the backings of experienced and expert advisors
- The native token FRM will in no time become rewarding for people that holds it since it is used as gas fee for every transaction
Cons
- It is still a new project
