Buy Ferrum Network (FRM)
What is Ferrum Network?
Ferrum Network is an interoperable Layer 1 (L1) network designed to facilitate seamless communication and connection between various blockchain platforms. It is powered by a multichain messaging engine that enables developers to deploy multichain decentralised applications (DApps) and allows users to experience a fully interoperable Web 3.0 environment.
How does Ferrum Network work?
Ferrum Network operates through its Omnilayer mainnet, leveraging Polkadot Substrate for its consensus infrastructure. It uses a core technology called the Quantum Portal, an atomic messaging engine that maintains the state of value and information across blockchains. This allows for "build once, deploy everywhere" functionality. Ferrum also implements Value Constrained Multi Chain Rollups, which enable its blockchains to act as Layer 2 solutions for various chains.
What are the potential use cases for Ferrum Network?
Ferrum Network supports numerous use cases, including interoperable metaverses where in-game assets can be exchanged across chains, multichain token staking where users stake on one chain and receive rewards on another, and deployment of tokens and NFTs that operate seamlessly across multiple chains. Additionally, it offers multichain lending and borrowing, where users can stake collateral on a secure chain and extract loans from others.
What is the history of Ferrum Network?
Founded in 2018 by Naiem Yeganeh and Ian Friend, Ferrum Network aimed to address challenges like slow transaction speeds and difficulties in cross-chain transactions. Its significant milestones include pioneering Interoperability 2.0 with the Quantum Portal, launching the Omnilayer mainnet using Polkadot Substrate, and developing Value Constrained Multi Chain Rollups. Key innovations also include the Kudi Exchange and Sub-Zero Wallet, which facilitate digital asset transactions and storage without custodial interference.
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Frequently Asked Questions (FAQs)
What is the current price of Ferrum Network (FRM)?
The Ferrum Network price is $0.01729288 AUD, representing a -6.45% from the day prior.
Where is the best place to buy Ferrum Network (FRM) in Australia?
The best place to buy Ferrum Network (FRM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ferrum Network (FRM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Ferrum Network (FRM)?
The trading volume of Ferrum Network (FRM) is $839.4K AUD in the last 24hrs, representing a -6.45% from the day prior.
How can I buy Ferrum Network (FRM)?
Ferrum Network (FRM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Ferrum Network (FRM)?
The current market cap of Ferrum Network (FRM) is $5.1M AUD.
Can I convert Ferrum Network (FRM) to cash?
Yes - With Coinstash you can convert your Ferrum Network (FRM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Ferrum Network (FRM) are there?
The current circulating supply of Ferrum Network (FRM) is 287.0M.
Is Coinstash a safe place to buy Ferrum Network (FRM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ferrum Network (FRM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.