18 Jan Ferrum Network price today, FRM to USD live price, marketcap and chart

This staking mechanism not only incentivizes honest behavior among validators but also makes it economically impractical for malicious actors to compromise the network. Ferrum Network was founded by a team of experts with a long-standing professional history in engineering and blockchain technology. Utilize Ferrum Network to build and deploy solutions on one network and instantly enable multichain functionality without the burden or technical debt that comes with managing a multichain infrastructure.

Ferrum Network represents a significant advancement in blockchain technology, focusing on enhancing interoperability across various blockchain platforms. At its core, Ferrum Network employs a multichain messaging engine, known as Quantum Portal, which facilitates this ambitious level of interconnectivity. As of Jun 25, Ferrum Network has a market capitalization of $146.6 Thousand and is ranked #2175 among all frm coin price cryptocurrencies.

What’s the price of Ferrum Network now?

• To check Ferrum Network’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
• This initiative reflects the network’s commitment to solving practical challenges in the blockchain space, making it easier for users to interact with different blockchains without facing the usual hurdles.
• The network also plans to expand its ecosystem through the launch of two networks on Polkadot and Kusama, utilizing the Substrate framework.
• The inception of Ferrum Network was led by a team of individuals with a profound depth of experience in both engineering and blockchain technology.
• Utilize Ferrum Network to build and deploy solutions on one network and instantly enable multichain functionality without the burden or technical debt that comes with managing a multichain infrastructure.

One of the key projects launched by Ferrum Network is MultiSwap, which aims to enhance the user experience in cross-chain swapping. This initiative reflects the network’s commitment to solving practical challenges in the blockchain space, making it easier for users to interact with different blockchains without facing the usual hurdles. Ferrum Network’s current circulating supply is 267.82M FRM out of max supply of 312.50M FRM.In terms of market cap, Ferrum Network is currently ranked #39 in the Tron Network sector.

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This is achieved through its innovative multichain messaging engine, Quantum Portal, which allows for the seamless transfer of value, data, and commands across various networks. This capability is crucial in a landscape where numerous blockchains operate in silos, often with limited interaction capabilities. Following the whitepaper’s release, Ferrum Network introduced the MultiSwap platform, a development that marked a significant milestone in its journey. MultiSwap is designed to enhance the user experience by facilitating seamless transactions across different blockchains, showcasing Ferrum’s commitment to solving interoperability challenges within the crypto space. Ferrum Network is not just about its technological infrastructure; it also introduces its native cryptocurrency, FRM, which plays a crucial role in the network’s ecosystem. FRM is utilized for transaction fees and various interactions within the network, ensuring a smooth and efficient operational framework.

Ferrum Network to USD Chart

This calculation is based on the circulating supply of Ferrum Network However, if we take into account the total supply of Ferrum Network, the market capitalization would be $305 Thousand. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges. Another notable achievement for Ferrum Network is the development of Quantum Portal technology. This cutting-edge solution embodies the network’s pioneering approach to Interoperability 2.0, aiming to connect disparate blockchains and enable the smooth transfer of value and data across the industry. Quantum Portal underscores Ferrum’s role as a trailblazer in fostering a more interconnected and efficient blockchain ecosystem.

Ferrum Network employs a robust security framework to safeguard its ecosystem and ensure the integrity of transactions across its platform. This security is achieved through a combination of innovative protocols and strategic partnerships. Powered by a multichain messaging engine known as Quantum Portal, Ferrum Network’s mainnet will bring value, data, and functional interoperability to every chain in the industry. CoinCodex tracks 42,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. After the token’s launch on Jul 30, 2019, on the Ethereum platform, over 4,755 wallets have acquired FRM, with a recorded total of 136,757 successful token transactions to date. Compared to other crypto coins which started the same year as Ferrum Network it has below-average trading volume, average volume for the other 441 coins started in 2019 is $2M while FRM has $134K.

Ferrum Network (FRM)

Ferrum Network was conceptualised in early 2018, with its testnet prototype beginning development in Q1 that year. The team were finalists at the Consensus NYC Pitch Competition in Q and went on to raise $1.12mn in funding to sustain development across a seed round, two private sales and finally a public ICO in August 2019.

Ferrum is a DAG-based interoperability network that connects to any blockchain and works natively with fiat currencies. The price of Ferrum Network in the ICO was $ 0.016 and the token sale ended on Aug 1, 2019. Since then, FRM price decreased 0.03x against US Dollar, decreased 0.00x against Ethereum and decreased 0.00x against Bitcoin. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. The advanced financial products that run on the network – like our West African fiat gateway (Kudi Exchange) and non-custodial cross-chain OTC wallet (UniFyre Wallet) – aim to empower millions of people around the world.

What was Ferrum Network’s maximum price?

It is important to note that trading cryptocurrency comes with risk, just like any other investment. Reward amounts will be determined based on the type and relevance of the information provided. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. For the last 30 days, more than 2,325 FRM transactions have been made, on average daily 77.50 completed transactions. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Ferrum Network price chart. To check Ferrum Network’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.

Our network and products are powered by the FRM token, which is spent and burned with every transaction. The network also plans to expand its ecosystem through the launch of two networks on Polkadot and Kusama, utilizing the Substrate framework. This expansion aims to further eliminate barriers to entry in the crypto space, making it more accessible for real-world finance applications and fostering an interoperable metaverse. Furthermore, Ferrum Network has established partnerships with leading companies in the cybersecurity field. These collaborations are aimed at enhancing the network’s security infrastructure, ensuring that Ferrum Network is equipped with the latest in cybersecurity defenses.

Ferrum Network Blockchain Stats

• The dynamic nature of crypto markets means that while opportunities exist, so do potential pitfalls.
• Ferrum Network represents a significant advancement in blockchain technology, focusing on enhancing interoperability across various blockchain platforms.
• This expansion aims to further eliminate barriers to entry in the crypto space, making it more accessible for real-world finance applications and fostering an interoperable metaverse.
• Initially, the project garnered attention through the release of its whitepaper, which laid the foundation for its vision and technological framework.

Initially, the project garnered attention through the release of its whitepaper, which laid the foundation for its vision and technological framework. This document was crucial in outlining the network’s goals and the innovative solutions it aimed to provide. X2,x10, etc. means if the price of Ferrum Network (FRM) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins.

The inception of Ferrum Network was led by a team of individuals with a profound depth of experience in both engineering and blockchain technology. Among the founders, Naiem Yeganeh and Ian Friend stand out for their contributions and leadership. Yeganeh, with a background in software engineering and experience at notable tech companies, brings a wealth of knowledge in machine learning and blockchain technology. Ian Friend, with his expertise in business law and experience as an attorney, complements the team with a strong understanding of the legal and operational aspects of running a blockchain network. As with any investment in the cryptocurrency space, potential users and investors should conduct thorough research and consider the risks involved. The dynamic nature of crypto markets means that while opportunities exist, so do potential pitfalls.

Ferrum Network was founded by a team of experts with deep roots in engineering and blockchain technology. Naiem Yeganeh and Ian Friend, the co-founders, bring a wealth of experience and a clear vision for the network’s future. Their backgrounds and leadership have been instrumental in guiding Ferrum Network through its key events and towards its goals. Ferrum Network has experienced several pivotal moments that have significantly shaped its trajectory within the cryptocurrency landscape.