This time is known as the multi-token world. It is the condition when many digital assets fight each other to get a consumer. Every platform offers some advantage and its own unique. Mostly all of them have the purpose to finish the problem or minimize it. Some benefit from project, token, network want to build the financial world.
How to manage digital assets in Ferrum?
One the platform that will explore in this paper is Ferrum. It's a decentralized platform where user can manage their digital assets. Not only that, but they can also do transaction and exchange without the role of third parties. Ferrum built on DAG or direct acyclic graph. Ferrum actually likes the same advantage as another traditional blockchain. That is about scalability, cost, and speed. The technology of Ferrum has good security to export and import the value of the chain.
The user can deposit their assets into Ferrum and create a proxy token. After that, it can be exchanged using the wallet namely UniFyre Wallet. Firstly, to use Ferrum network the user can buy their digital assets with fiat money in Ferrum's fiat gateway. They can start with fiat gateway based on West Africa (Kudi Exchange). Mobile wallet and Kudi exchange give permission the user to purchase digital assets and Bitcoin quickly with fiat. Even in a mobile wallet, the user can send P2P currency by using SMS and What's App.
So, the transaction above does not need intermediaries and database. Kudi exchange is the first platform in Africa which use the US Dollar. In the Ferrum, the user will be able to sell assets on the Ferrum platform or in decentralized exchange. There will be an Infinity DEX to decentralized a free from risk in trading and integrated by smart contract for short selling assets. The user can get the inexpensive transaction in the Ferrum platform. They can withdraw their asset securely to the blockchain.
The network of Ferrum wants to finish some problem of their platform to build a blockchain network in the ground up. Open a cryptography technology for sharing with no trusted sell. Ferrum is an innovative exchange based on quorum. The user will be able to get fast service of an asset. The transaction is fast for specific use and that was so less expensive than another platform. It is because all transaction occurs in Ferrum DAG that created for certain use.
Tokenization
The developers will be able to design their new token. It can be transacted in a scalable manner. FE (ETH) and FE (BTC) are tokens backed by other value outside Ferrum. There is a new type of transaction in Ferrum, that is the so-called Genesis Transaction. It is a new kind of token which is not backed by anything. The transaction can be created by a normal account or smart contract. This network is always trying to develop and built the developer to make own token. So, it can recognize the same with an imported token in Ferrum network. Ferrum is very different with all network, it can be about the regulation and the way they operate token.
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Name: Ridwan.P
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