Ferrum

Polkadot Substrate Framework

Ferrum Network leverages the Polkadot Substrate framework to build its interoperable Layer 1 network. This integration provides a robust and scalable infrastructure, enabling Ferrum to connect with various blockchains and support the deployment of multichain dApps.

Key Features

Interoperability by Design

Ferrum Network is architected to offer interoperability from the ground up. Its sophisticated solutions simplify the complexities associated with building multichain applications, providing developers with a single entry point to multiple recognized chains and networks in the industry.

Developability

Emphasizing ease of development, Ferrum Network allows developers to build core solutions on its platform, handling the intricacies of seamless multichain integration. This approach enables developers to implement interactions that facilitate the multichain transfer of value, data, and functional components, all presented to end-users in a cohesive experience.

Use Cases

Ferrum Network’s technology supports various applications, including:

• Multichain Tokens: Enabling the creation and management of tokens that operate across multiple blockchains.

• Bridging Value: Facilitating the transfer of assets between different blockchain networks.

• Multichain Staking: Allowing users to stake tokens across various chains, enhancing flexibility and potential rewards.

• Build Once, Deploy Everywhere: Providing developers with the capability to develop applications once and deploy them across multiple blockchain platform

Governance

The Quantum Portal Network is governed by holders of staked AXL tokens. Any holder with a sufficient deposit can propose changes to the network, encompassing software upgrades, parameter adjustments, and other modifications.

Recent Developments

As of March 2023, Ferrum Network released its whitepaper detailing its mission, core technologies, and use cases. The network continues to develop its mainnet, aiming to bring value, data, and functional interoperability to every chain in the industry.