Have a Blessed day to all of us.
Today is another milestone for me in the world of cryptocurrency as I started this new technology the Social Mining at Ferrum Network Social Mining. For this article, I'll be going to discuss more Ferrum Network together with Its product namely the Kudi Exchange, UniFyre Wallet, and Infinity DEX.
In the past article, I've already discussed a few information about Ferrum Network and now let us discuss more information about it.
Ferrum Network is a decentralized exchange and transaction network designed to achieve the following functions:
1. A mechanism for importing and exporting value from other networks.
2. A fiat gateway (Kudi Exchange)
3. A decentralized exchange (Infinity DEX)
4. Non-custodial Wallet (UniFyre Wallet)
5. A cold-storage application (Sub-zero Wallet)
6. A protocol for tokenizing fiat currencies.
7. A payment solution for the everyday use of cryptocurrencies.
Ferrum Network is a fast interoperability network for decentralized financial applications intended to launch a fiat gateway. It is less costly and more scalable than the traditional blockchain. It is built using a directed-acyclic graph (DAG) technology and aims to leverage its high speed and low-cost capabilities.
Ferrum Network has already developed several applications as follows:
1. Kudi Exchange - a Nigerian based exchange fiat gateway that runs on Ferrum Network technology. Is serves a mobile wallet that allows users to purchase digital assets directly with fiat and make peer-to-peer digital money transfer over the network.
2. UniFyre Wallet - allows the user to the swift peer-to-peer exchange of digital assets and it is also enabled risk-free low cost over-the-counter (OTC) trading. It is designed to be very user-friendly, intuitive and analogous to centralized alternatives.
3. Infinity DEX - a decentralized exchange with advanced features such as decentralized risk-free high trading frequency. Exchange cryptocurrencies over a high-speed, cross-chain DEX that never takes custody of the user's assets and to its advanced features such as high-frequency trading, margin trading, AI-driven market prediction and Twitch compatibility for live streaming.
Within the Ferrum Network, this is how all the products work together. The user will create their UniFyre Wallet controlled only by the private key. Users can securely import their assets on the Ferrum Network in just a click. UniFyre Wallet will enable users to easily trade tokens over-the-counter with no risk. UniFyre Wallet will be connected to Ferrum Network's decentralized exchange of the Infinity DEX that anonymously connects makers and takers, enabling the peer-to-peer exchange of almost any digital assets via simple-to-execute market orders and/or limit orders with near-zero fees.
