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Ferrum Network (FRM) is the 648th largest cryptocurrency in the world by market cap, valued at $11,506,195. The current price of Ferrum Network is $0.03495, which is -4.299% lower than yesterday. Prices have ranged between $0.03686535 and $0.03173544 over the past 24 hours. All prices are listed in US dollars and accurate as of January 30, 2023 03:01 UTC.
Ferrum, named after the periodic element "iron", is a decentralized network focused on cross-chain digital asset transfer. According to the whitepaper, the project’s highly-efficient interoperability network has been designed to address 2 fundamental problems: poor transactional throughput rates (transactions per second), and a lack of interconnectivity of major blockchains.
The network utilises a directed acrylic graph (DAG) protocol that is able to cope with a high volume of network transactions. Focused on the decentralized finance (DeFi) ecosystem, the network utilises this high throughput to interact with a number of platforms seamlessly, thereby mitigating many of the barriers preventing crypto from witnessing adoption at a global scale. Built on the network, Ferrum has developed a fiat-to-crypto gateway, a crypto wallet, a cryptocurrency exchange and several other financial services, along with offering a Blockchain-as-a-Service (BaaS) for new projects. FRM is the native utility token of the Ferrum Network. The coin is used for all transactions on the network and allows users to earn rewards (primarily via staking).
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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