The blessings of technological development and suffer the burdens. We live in a world more symbols are used as a requirement of the age in which we live. Few people in the financial arena haven't heard of the blockchain technology on which some icons are built. We are sure that a much higher number of people know, especially cryptocurrencies like Bitcoin, Ethereum, Ripple, EOS, Iota because the spectacular rise of cryptocurrencies in a period of close to a decade is the primary source of interest in these currencies.
Besides the rise of cryptocurrencies, there are also serious problems that they bring with them. Central and decentralized exchanges have various problems.. Although central systems stand closer to traditional banking, they have problems such as scalability and high transaction fees. Items with confidence, the risk posed by losses if primary exchanges are attacked, are among the other significant issues. The fact that they take an overprotective stance for security reasons is also a barrier for investors who want to do new projects early. In short, the fact that they are like a castle surrounded by walls contradicts the structure of today's trade.
In decentralized exchanges (DeX), however, the problem of interoperability could not be solved. They are limited in that they support ERC20 tokens, as most of the available solutions run on the Ethereum network. The fact that they are not fast enough in cross transactions is one of the biggest obstacles to cryptocurrencies.
Bitcoin, one of the most popular cryptocurrencies, may be considered a store of value but is not very suitable as a currency. It is necessary to be a unit of account and a medium of exchange, as well as a store of value. To be used as a daily exchange tool, scalability and wage issues need to be solved. Likewise, Ethereum is slow; the ERC20 standard has been known to have problems with the structure of contracts.
Until the issues of scalability and volatility are resolved, the current problems are a threat to cryptocurrencies. While extreme price volatility seems to be an attraction for investors, it discourages investors from trading. This situation also needs to be resolved.
Name of the solution:** Ferrum Network**
Using today's existing technologies, the Ferrum Network is a decentralized transaction and exchange network that allows users to store their digital assets cryptographically. A protocol called Ferrum and an exchange token called Fe provide the solution of existing problems when used as a proxy. Each Fe value can be matched with another cryptocurrency, and thus can quickly enter into the exchange process. Users can make countless transactions at meager costs by converting Bitcoin or other cryptocurrencies into the equivalent of Fe. The Ferrum network will use new concepts such as decentralized cops, burns, futures, enemies to achieve this cross-chain exchange. Since graph-based decentralized systems have some significant benefits such as improved scalability and shallow cost operations, there will be numerous benefits of using Ferrum based on the acyclic graph (DAG) book.
Working in essence similar to Iota, the Ferrum Network creates a graph, which is the ledger for the storage of transactions issued by nodes. Each selects two processes to approve a new operation. These operations are represented on directed edges. It is possible to access the first process that starts the process by following the process confirmation path. Ferrum's ability to safely import value from external networks and blockchains and return it to its original networks/blockchains is one of the network's unique value-making propositions. These partially obtained Proxy tokens have the same value as the Proxy support tokens in Ferrum.
The Ferrum Network can function like a residential layer, as well as a connecting path connecting decentralized exchanges. Bitcoin or Ethereum person-to-person (P2P) value transfer or shopping can be done quickly and cheaply using Ferrum's mobile wallets. In an agnostic structure, it is possible to safely replace any digital entity as long as Ferrum is in a host network.
Because Ferrum is designed to be scalable and interchangeable, it proposes a new type of process called the Genesis process. Because of the tens of platforms unable to communicate with each other, the slowdown will be solved by the solutions developed by the Ferrum Network network. FRM, which is the token that Ferrum will use on its platform, will encounter interest.
Useful Links
Website: https://ferrum.network/
Whitepaper: http://whitepaper.ferrum.network/
Facebook: http://facebook.ferrum.network/
Telegram: https://twitter.com/FerrumNetwork
Twitter: https://twitter.com/FerrumNetwork
Author: Ali Olgun
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1876805
Mew: 0x16cB6b666053104d357D2b30a3b0b99f5887b8a6
