Know more about ferrum network
In modern times it is difficult to imagine that sphere where the cryptocurrency would not have got. The relevance and popularity of cryptocurrency makes you think about ways and technologies that will ensure their accessibility for ordinary people. Finally, the cryptocurrency reached the business lending sphere.
What is ferrum network?
Ferrum Network is a decentralized network like IOTA Network or Ethereum, but with a unique value proposition - instead of focusing on new coins, it can represent coins in other networks. For example, you can have coins from Ether, Bitcoin, ERC-20 token, or almost any other Blockchain transacted in the Ferrum network.
This tremendous innovation allows for very decent, decentralized and inter-usable applications, such as the Ferrum Distributed Exchange (Fe DEX), and Ferrum Wallet. These two decentralized applications allow users to exchange any digital assets and make transactions in a fast and inexpensive manner, without requiring them to pass the custody of their property to the third party.
How ferrum works?
When you send coins to the Ferrum from the Bitcoin network, for example, Ferrum creates a unique bitcoin address for you called "lock". Nobody ever sees a private key for a locked address in the world. Instead, a private key is created in the nodes distributed around and around the Ferrum network. When bitcoin arrives at your closed address, the equal amount of bitcoin is generated in the Ferrum network.
Then you can spend, exchange and use bitcoin in the Ferrum network, enjoying its high speed and low fee. Holders of bitcoin in the Ferrum network can destroy their proxy bitcoin at any time and can get equal amounts of bitcoin in the main bitcoin network.A user should only request that the network unlock the equal amount of bitcoin from the account originally locked, and present the evidence of deleted ferrum bitcoin. In practice, this is in Ferrum Wallet with the click of a button.
You can think of this process to take your cash into the bank and get a traveler's check that is similar in value. The bank has a secure lock in which they put your money, when you receive your passenger's check. Then you can spend the passenger's check as it is cash.The holders of such checks can go to the bank any time and exchange it for cash. The primary difference is that the Ferrum does not keep users "cache" (i.e. bitcoin), rather it is delivered in a secure and decentralized manner in the network.
Lastly, I want to say that there will be a change in the trade lending industry at any level from such a platform, the necessary amount will be gathered for each promising startup, and the investor can invest money and invest quickly without any involvement Are confident to earn profit from Of the banks and other middlemen I hope the information was useful and follow the link below for more information:
whitepaper: http://whitepaper.ferrum.network/
Website: http://ferrum.network/
Bitcoin profile url https://bitcointalk.org/index.php?action=profile;u=1920378
Twitter: https://twitter.com/FerrumNetwork
Telegram: http://t.me/ferrum_network
What is ferrum network?
Ferrum Network is a decentralized network like IOTA Network or Ethereum, but with a unique value proposition - instead of focusing on new coins, it can represent coins in other networks. For example, you can have coins from Ether, Bitcoin, ERC-20 token, or almost any other Blockchain transacted in the Ferrum network.
This tremendous innovation allows for very decent, decentralized and inter-usable applications, such as the Ferrum Distributed Exchange (Fe DEX), and Ferrum Wallet. These two decentralized applications allow users to exchange any digital assets and make transactions in a fast and inexpensive manner, without requiring them to pass the custody of their property to the third party.
How ferrum works?
When you send coins to the Ferrum from the Bitcoin network, for example, Ferrum creates a unique bitcoin address for you called "lock". Nobody ever sees a private key for a locked address in the world. Instead, a private key is created in the nodes distributed around and around the Ferrum network. When bitcoin arrives at your closed address, the equal amount of bitcoin is generated in the Ferrum network.
Then you can spend, exchange and use bitcoin in the Ferrum network, enjoying its high speed and low fee. Holders of bitcoin in the Ferrum network can destroy their proxy bitcoin at any time and can get equal amounts of bitcoin in the main bitcoin network.A user should only request that the network unlock the equal amount of bitcoin from the account originally locked, and present the evidence of deleted ferrum bitcoin. In practice, this is in Ferrum Wallet with the click of a button.
You can think of this process to take your cash into the bank and get a traveler's check that is similar in value. The bank has a secure lock in which they put your money, when you receive your passenger's check. Then you can spend the passenger's check as it is cash.The holders of such checks can go to the bank any time and exchange it for cash. The primary difference is that the Ferrum does not keep users "cache" (i.e. bitcoin), rather it is delivered in a secure and decentralized manner in the network.
Lastly, I want to say that there will be a change in the trade lending industry at any level from such a platform, the necessary amount will be gathered for each promising startup, and the investor can invest money and invest quickly without any involvement Are confident to earn profit from Of the banks and other middlemen I hope the information was useful and follow the link below for more information:
whitepaper: http://whitepaper.ferrum.network/
Website: http://ferrum.network/
Bitcoin profile url https://bitcointalk.org/index.php?action=profile;u=1920378
Twitter: https://twitter.com/FerrumNetwork
Telegram: http://t.me/ferrum_network
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