Ferrum Network is a decentralized DAG-based infrastructure platform

in ferrum •  6 years ago  (edited)

Ferrum Network is a decentralized DAG-based infrastructure platform that is designed to achieve the following functions:

  • a mechanism for importing and exporting value from other networks;
  • a fiat gateway (the Kudi Exchange);
  • a decentralized exchange (the Infinity DEX);
  • non-custodial wallet (UniFyre Wallet);
  • a cold-storage application (Sub-Zero Wallet);
  • a protocol for tokenizing fiat currencies;
  • a payment solution for the everyday use of cryptocurrencies;
  • and other functions in early development


A Decentralized Directed Acyclic Graph


A DAG-based cryptocurrency network works in the following manner. The transactions issued by nodes constitute a graph, which is the ledger for storing transactions. When a new transaction arrives, it selects two other transactions to approve. These approvals are represented by directed edges, as shown in Figure 1 (b).

By following the approval path of the transactions, eventually we reach the transaction. This is the first transaction that initiates the graph. The origin transaction does not necessarily issue any tokens. However, one of the breakthroughs of the Ferrum Network is that it allows the issuance of tokens backed by an external network, or originated in the Ferrum network.


Kudi Exchange



Kudi Exchange allows individuals and businesses to seamlessly transact with one another using digital assets and local currencies.

  • Built for the african market: Kudi Exchange is designed and built to serve the African market. We understand that Africa has great opportunities as well as unique challenges in the crypto / digital asset space. Through Kudi Exchange, we plan to help drive the adoption and use of digital assets across the African continent.
  • Lowest fees and cheapest transaction costs: Kudi Exchange offers the lowest fees and the cheapest transaction costs of other similar exchanges. We are able to achieve this as a result of the advanced platform upon which Kudi Exchange is built.
  • Safe and secure platform: Your funds are safe and secure on Kudi Exchange. We have a team of engineers and developers that have worked for some of the largest technology companies in the world and are dedicated to ensuring that your funds remain secure and protected at all times.
  • Advanced technology: Kudi Exchange is one of the most secure payment and exchange platforms in the digital asset space. Kudi Exchange is powered by Ferrum Network, a revolutionary blockchain protocol that keeps transactions safe, fast, and inexpensive.

UniFyre Wallet

Instantly transact any digital asset with no counter-party risk using the non-custodial UniFyre Wallet

  • Risk-free otc trading: Removes middlemen from OTC trades and enables peer-to-peer transactions with no counter-party risk through novel features like requiring counter parties to accept a transaction before it is executed.
  • Instant market trades: Because UniFyre Wallet is connected to the Ferrum Network and Infinity DEX, users can buy and sell any digital asset in milliseconds at the market price in a decentralized manner.
  • Risk-freesafety features: Unlike the Bitcoin network and others where transactions cannot be undone and accidental loss is common, UniFyre Wallet senders can request confirmation that the transaction be “accepted” before it is executed, thereby preventing accidental loss.
  • High-speed and interoperable: All transactions run on top of Ferrum Network’s high-speed interoperability network, making UniFyre Wallet the first non-custodial wallet for high-speed peer-to-peer transactions of any digital asset.

Token Detail

  • Token name: FRM
  • Token type: ERC-20
  • Total supply: 312,500,000 FRM
  • Hard cap: TBA, less than $5m
  • Reserve: $880,000
  • Seed sale date: Compalted
  • Provate sale date: May 2019
  • Public safe date: Q3 2019
  • Whitelist: yes
  • KYC yes
  • Amount sold in ico + The reserve: 40%
  • Accepted: ETH, BTC, GUSD, USDT
Allocation



The Team



Advisors



Roadmap





More information


Website: http://ferrum.network/
Whitepage: http://whitepaper.ferrum.network/
ANN: https://bitcointalk.org/index.php?topic=5134952
Telegram: http://t.me/ferrum_network
Twitter: https://twitter.com/FerrumNetwork
Facebook: https://www.facebook.com/Ferrum-Network-2344675192486134

Author: haudhv
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1814424

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://kudi.exchange/