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Ferrum Network Stock

Ferrum Network

FRM

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Ferrum Network Whitepaper

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Ferrum Network FAQ

Ferrum Network (FRM): An Overview

Ferrum is leading the charge in Interoperability 2.0, ushering in a new era of interconnected blockchains. With the support of its multichain messaging engine, Quantum Portal, Ferrum Network’s mainnet aims to deliver value, data, and functional interoperability across all chains in the industry. Leverage Ferrum Network to develop and deploy solutions on a single network while seamlessly enabling multichain functionality. This approach eliminates the burden and technical debt associated with managing a multichain infrastructure.

Who Founded Ferrum Network?

Ferrum Network was established by a team of professionals with extensive experience in engineering and blockchain technology. Naiem Yeganeh is the co-founder and CEO of Ferrum Network. He is a graduate of the University of Queensland and commenced his career in software engineering in 2013. Yeganeh also founded Maad Afrooz Technology and has worked with major tech companies, including Microsoft and Amazon. Before founding Ferrum Network, he served as a core machine learning expert at Bloomberg LP. Ian Friend, another co-founder of Ferrum Network, currently holds the position of chief operating officer. He possesses a degree in business law from the New York Law School and has been an associate attorney at several prominent firms, such as Pantano & Gupta and Wilson Elser. Friend also acts as a strategic advisor for Poolz and Project Inverse. Since 2018, he has shifted his focus from practicing law to dedicating himself entirely to Ferrum Network.

What is the Circulating Supply of Ferrum Network (FRM) Coins?

Ferrum Network (FRM) tokens play a crucial role in the operation of the underlying blockchain. The token's maximum supply is 615,617,784, with a total supply of 597,113,090. As of November 29, 2023, approximately 254,822,136 FRM tokens are in active circulation. For more detailed information on Ferrum Network, please refer to Eulerpool.

Where Can You Purchase Ferrum Network (FRM)?

FRM tokens are available for purchase on various exchanges, including: * PancakeSwap * KuCoin * Uniswap (V2) * [Gate.io] (https://eulerpool.com/exchanges/gate-io/) * [Sushiswap] (https://eulerpool.com/exchanges/sushiswap-arbitrum/) It is crucial to recognize that trading cryptocurrencies involves risk, similar to any other form of investment. Learn more about buying crypto

What is Ferrum Network?

Ferrum Network signifies a substantial progression in blockchain technology, with a primary focus on enhancing interoperability across diverse blockchain platforms. The network is constructed on a foundation that permits seamless communication and connectivity between various blockchains, aiming to establish a unified ecosystem where value, data, and functional interoperability can be realized across all chains. Central to Ferrum Network is its multichain messaging engine, Quantum Portal, which enables this high level of interconnectivity. The inception of Ferrum Network was spearheaded by a team of experts with extensive experience in both engineering and blockchain technology. Among the founders, Naiem Yeganeh and Ian Friend are notable for their contributions and leadership roles. Yeganeh, possessing a background in software engineering and experience with renowned tech companies, offers extensive knowledge in machine learning and blockchain technology. Ian Friend, with his proficiency in business law and his experience as an attorney, provides the team with a robust understanding of the legal and operational facets necessary for managing a blockchain network. Beyond its technological infrastructure, Ferrum Network also introduces its native cryptocurrency, FRM, which is instrumental in the network's ecosystem. FRM is utilized for transaction fees and various interactions within the network, facilitating a smooth and efficient operational framework. The network has established a maximum supply of FRM tokens to ensure scarcity and value. A pivotal project initiated by Ferrum Network is MultiSwap, aimed at enhancing the user experience in cross-chain swapping. This initiative underscores the network's commitment to addressing practical challenges within the blockchain space, simplifying the process for users to interact with different blockchains without encountering traditional obstacles. For those interested in engaging with the Ferrum Network ecosystem, FRM tokens are available through several cryptocurrency exchanges. However, it is vital to approach cryptocurrency trading with caution and conduct comprehensive research before making any investment decisions. The dynamic nature of the crypto market implies that investing in cryptocurrencies involves inherent risks, and it is crucial to be well-informed before proceeding. For more details on Ferrum Network, you can find comprehensive information on Eulerpool.

What measures ensure the security of the Ferrum Network?

Ferrum Network has implemented a comprehensive security framework designed to protect its ecosystem and maintain transactional integrity across its platform. This security is ensured through an innovative blend of protocols and strategic partnerships. Central to Ferrum Network's security infrastructure is the Value-Constrained Proof of Stake (VCPS) Rollup. This protocol bolsters network security by requiring validators to stake a predefined amount of assets as collateral. This staking mechanism incentivizes validators to act honestly and renders it economically unviable for malicious actors to attack the network. Complementing the VCPS Rollup, Ferrum Network incorporates Multi-Chain Validators Staking. This method decentralizes the validation process by incorporating validators from diverse blockchains. The multi-chain validation approach not only diversifies the network's security but also introduces an additional layer of cross-chain security, utilizing the strengths of various blockchain ecosystems to reinforce Ferrum Network's defenses. In addition to technical protocols, Ferrum Network prioritizes adherence to industry best practices in cybersecurity. This commitment encompasses regular audits, ongoing network monitoring for suspicious activities, and the deployment of advanced security technologies. Moreover, Ferrum Network has established collaborations with leading companies in the cybersecurity sector. These partnerships aim to enhance the network's security infrastructure, ensuring that Ferrum Network remains equipped with cutting-edge cybersecurity defenses. Investors and users of Ferrum Network are advised to perform their own research and be mindful of the inherent risks associated with cryptocurrency investments. The ever-changing nature of the crypto market calls for a prudent investment strategy, supported by a comprehensive understanding of the technologies and security measures utilized by platforms such as Ferrum Network. To find more detailed information about Ferrum Network, you can visit it on Eulerpool.

### How Will Ferrum Network Be Utilized? Ferrum Network is an innovative platform designed to deliver high-speed transactions and interoperability among blockchains. It aims to facilitate seamless transactions and exchanges of digital assets by integrating cutting-edge technologies. By leveraging its unique infrastructure, Ferrum Network provides users with the ability to efficiently conduct cross-network transactions, thus enhancing the overall experience in decentralized finance and blockchain technology realms. To explore further details regarding Ferrum Network, visit Eulerpool.

Ferrum Network is engineered to act as a bridge within the cryptocurrency ecosystem, enhancing interoperability and communication among different blockchains. This is accomplished through its cutting-edge multichain messaging engine, Quantum Portal, which enables the seamless transfer of value, data, and commands across various networks. This capability is critical in a landscape dominated by numerous blockchains that typically operate independently and with limited interaction capabilities. In addition to promoting interoperability, Ferrum Network provides a platform for multichain token staking, lending, and borrowing, allowing users to utilize their cryptocurrency assets across different chains. This multichain functionality extends to token and application deployment, empowering developers to create and launch solutions on Ferrum Network that can instantly interact with multiple blockchains. This approach simplifies the complexities and technical challenges associated with managing a multichain environment, facilitating easier cross-chain functionality for projects. The network is also set to broaden its ecosystem with the introduction of two networks on Polkadot and Kusama, using the Substrate framework. This expansion aims to further remove barriers to entry in the crypto space, enhancing accessibility for real-world financial applications and supporting an interoperable metaverse. The Ferrum Network (FRM) token is pivotal within this ecosystem, supporting transactions, staking, and governance throughout the network. With a limited supply, the FRM token is essential to the operation and security of the Ferrum Network, ensuring that users and developers can engage in a decentralized and interoperable financial system. As with any investment in the cryptocurrency domain, potential users and investors are encouraged to conduct comprehensive research and consider the associated risks. The volatile nature of crypto markets implies that while there are opportunities, there are also potential pitfalls.

What significant events have occurred for Ferrum Network?

Ferrum Network has experienced several pivotal moments fundamentally shaping its trajectory within the cryptocurrency landscape. Initially, the project gained attention with 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. Following the whitepaper's release, Ferrum Network introduced the MultiSwap platform, marking 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 addressing interoperability challenges within the crypto space. 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 highlights Ferrum's role as a trailblazer in fostering a more interconnected and efficient blockchain ecosystem. In addition to these developments, Ferrum Network has made strides in integrating its interoperable L1 network and cross-chain bridge with Algorand, further expanding its reach and utility. This integration is a testament to Ferrum's ongoing efforts to enhance its infrastructure and provide more versatile solutions to its users. The network's native cryptocurrency, FRM, plays a crucial role in the ecosystem, serving as the backbone for transactions and network operations. With a total supply of 615,617,784 tokens and an active circulation of approximately 254,822,136 FRM, the token is an integral part of the Ferrum Network's functionality. 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. As Ferrum Network continues to evolve, it remains focused on bridging the gaps between different blockchains and creating a more unified and efficient digital asset ecosystem. While the network has achieved significant milestones, it is essential for potential investors to conduct thorough research and consider the inherent risks associated with cryptocurrency investments. For more detailed financial information, refer to Eulerpool.

Investors interested in Ferrum Network are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.