Idrix Posted July 31, 2019 Report Share Posted July 31, 2019 Every blockchain based platform emerges to provide solutions that suites problems related to a certain sector such as the financial sector, e-commerce, healthcare, e-education, internet of things to mention few. The various features of the blockchain technology such as immutability, decentralization, resilience to fraud, transparency and value transfer has paved way for its adoption making it one of the most discussed innovative technology worldwide. Credits needs to be given to the brains behind the various existing blockchain projects that tends to provide one or two solution to make the technology compactable for real life usage. However, these projects tend to provide different standalone solutions, there are thousands of blockchain out there trying to provide different kind of solution which has not yielded the needed result to bring about a large scale blockchain’s adoption and this problem is due to their inability to communicate and interact with one another. Due to the fact that these different blockchain platforms that provides solutions tends to operate in isolation has made it really impossible for the world to enjoy the full potentials of the blockchain’s distributed ledger technology. To see the mass adoption of blockchain technology, there must be secure link to harnesses together the various solution created by different developers to communicate and interact with one another and this brought about interoperability of the blockchain technology The above outlined blockchain problems is the sole reason for today’s review. I’ll be reviewing the FERRUM NETWORK PROJECT which is built to solve the aforementioned problems by enabling interoperability between many blockchains giving them the ability to communicate and interact secure without talking their custody thus making it possible for people to enjoy and leverage the full potentials of the blockchain technology. FERRUM NETWORK is a high end blockchain platform built with the latest and innovative cutting edge technologies to provide a secure interoperability network that seeks to allow the transmission of data, value and information between different previously existing blockchain networks. The entire ferrum network ecosystem is Built on a directed-acyclic graph (DAG) technology to enable a fast and zero to low cost of peer to peer exchange and interaction of value and information between different digital assets irrespective of the blockchain network they originated from The platform emerges to provide several top-notch financial applications that will see to the true vision of a decentralized financial system. It will create a Interoperable blockchain achitecture that will allow the interconnectivity between cryptocurrency across several blockchain thus providing a breakthrough for blockchain and cryptocurrency acceptance Across the whole world. The various financial applications provided by the ferrum network will enable users to easily import assets from other networks into ferrum network, allow them buy, sell, exchange as well as securely store any cryptocurrency. Ferrum Network decentralized exchange known as the INFINITY DEX, will create a decentralized avenue for users to securely echange different cryptocurrency assets adding to its system the various benefits of a centralized exchanges such as liquidity, scalability as well as fast orderbook and matching mechanisms. It will solve the problem of decentralized exchanges having just few assets pair which are mostly erc-20 tokens as well as provide a high speed mechanism that will process transactions within few second owning to the fact that the already existing decentralized exchanges do posses slow transaction speed since the transactions are limited to the ethereum network. CONCLUTION The adoption of blockchain technology and cryptocurrency will not be imminent if interoperability between various blockchain networks is not available. The cutting edge solutions such as the kudi exchange launch as a fiat gateway in West Africa to provide a easy means for conversion of cryptocurrency to Fiat without going through various intermediaries and rigorous processes As well as the non-custodial cryptocurrency wallet that will provide a top notch secured storing infrastructure for user to store their crypto holdings will all create a breakthrough financial applications for the entire world. FERRUM NETWORK CONTACTS : Web: https://ferrum.network Whitepaper: http://whitepaper.ferrum.network/ Telegram: http://telegram.ferrum.network Twitter: http://twitter.ferrum.network LinkedIn: http://linkedin.ferrum.network ABOUT THE WRITER: Username: crypticidris Profile link: https://bitcointalk.org/index.php?action=profile;u=2107237 Link to comment Share on other sites More sharing options...
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