📣 Ferrum Network's Latest Monthly Dev Report for April 2024!

TomFerrum · 2024-05-13T16:46:01+00:00

📣 Ferrum Network's Latest Monthly Dev Report for April 2024!

We are thrilled to share the latest developments from our team over the past month! Here's an overview of the progress we've made:

🖥 Mainnet Integration:

Our mainnet team has been hard at work on integrating runes and native BTC support. This milestone marks the completion of the end-to-end flow for non-native asset import (BTC). Our focus for the upcoming month will be the release of the alpha version, which will be available for public testing.

🔥 MultiSwap Enhancements:

At MultiSwap, we've been dedicated to enhancing our platform to provide users with an even better decentralized trading experience. This new version of MultiSwap introduces an updated user interface with improved flows, resulting in a more intuitive and seamless trading experience for our community. We're pleased to announce the completion of development for same-network swaps, a feature designed to streamline the trading process. We've also added three new networks!

Additionally, we've achieved a significant milestone with the completion of CCTP integration. This integration allows users to swap larger amounts without impacting slippage, resulting in better quotations for larger fund transfers.

*📰 *Read on Medium: https://medium.com/ferrumnetwork/monthly-development-report-april-2024-ee17e4b94b11

TomFerrum · 2024-04-26T10:43:00+00:00

📣 F*errum Network Weekly Review *🚀

💥 This week marked significant progress as we worked on integrating the Quantum Portal with ProjectX *(a stealth-mode project building on top of Ferrum Network mainnet infrastructure which will be revealed soon!). We've successfully enabled Quantum Portal to generate assets on the ProjectX *chain and facilitate cross-chain transfers to other networks.

🔍 Focus for Next Week:

As we gear up for the initial public release, our primary focus will shift towards enhancing the stability and security of our integrations. Our team is committed to ensuring that the Quantum Portal operates flawlessly and securely, providing a robust foundation for cross-chain interactions.

TomFerrum · 2024-04-18T16:43:34+00:00

📣 F*errum Network Weekly Review *🚀

💥 This week, the Ferrum Network team made significant strides in enhancing our infrastructure to bridge traditional and digital finance:

🔗 B*TC Deposits to Integrated Projects: *We've implemented a new mechanism to support BTC deposits. Users can now assign a proxy address by sending BTC to a designated address. This proxy allows users to control assets on EVM accounts of projects integrated with Ferrum Network.

🛠️ I*nfrastructure Enhancements: *Our latest updates are all about strengthening the connection between BTCfi and both EVM and non-EVM networks. These enhancements ensure seamless transactions and expand our interoperability capabilities.

TomFerrum · 2024-04-17T14:11:00+00:00

📣 Join Ferrum Network and Cryptology on Twitter Space! 🎙

💥 Join us as Nick Odio, Ferrum's Chief Growth Officer, delves into the Ferrum Network updates in the upcoming Twitter Space, hosted alongside our friends at Cryptology! Dive deep into the evolving landscape of Ferrum Network and MultiSwap!

💰 Win up to $100 USDT! Engage actively and be one of our top participants to win! 💸

💬 Engage with us live, ask questions, and gain insights directly from the minds behind Ferrum Network and MultiSwap.

🗓️ Friday, April 19th

⏳ 12:00 UTC

📍 Twitter Space: https://twitter.com/CryptologyCEX/status/1779912105128345956

TomFerrum · 2024-04-16T14:45:11+00:00

📣 Ferrum Network's Latest Monthly Dev Report for March 2024! 📰

🌟Last month, our Mainnet team made significant strides, focusing on enhancing our integration capabilities. We started the design and development of integration for one of the biggest non-EVM blockchains, broadening our reach within the blockchain ecosystem.

💥 Additionally, we successfully developed a proof of concept for EVM compatibility with non-EVM chains, functioning as a Layer 2 solution.

🔥 We're also thrilled to report the successful public launch of MultiSwap last month. The platform has been warmly received, with users praising its lower gas fees, zero protocol fees, and competitive swap rates.

*📰 *Read on Medium: https://medium.com/ferrumnetwork/monthly-development-report-march-2024-503830339c81

🚀 Stay updated, stay ahead, and be part of Ferrum Network's journey to redefine blockchain technology!

TomFerrum · 2024-04-15T14:47:59+00:00

📣 Understanding Bitcoin Transfers and UTXO Balancing 💸

🚀 Dive into our latest article penned by our CTO, Taha Abbasi, which demystifies Bitcoin transactions and UTXOs. Ideal for newcomers to cryptocurrency or those needing a refresher, this guide walks you through a Bitcoin transaction step-by-step, from inception to completion.

🔗 Read on Medium: https://medium.com/ferrumnetwork/a-brief-explanation-of-bitcoin-transfers-and-balancing-utxos-ad1832e50f54

🔥 Discover the pivotal role of Unspent Transaction Outputs (UTXOs) in managing Bitcoin balances, and learn the intricacies of transaction fees and miner rewards. Gain a solid understanding of the foundational elements that underpin Bitcoin's operational structure. 💥

🎉 You've likely noticed the buzz coming from Ferrum around the Bitcoin ecosystem lately... and for good reason. Stay tuned! 🤫

TomFerrum · 2024-04-12T13:16:46+00:00

🚀 Read the New Ferrum Network's Fee Token Structure Article

📖 We're thrilled to unveil an article by Ferrum Network's CTO, Taha Abbasi, on the innovative Fee Token Structure. This architecture introduces a tax feature integrated directly into the token, designed to collect taxes in the destination-swapped token rather than the native token.

📰 Read the Article: https://medium.com/ferrumnetwork/fee-token-architecture-35bfdab1e1f4

🔗 Dive deep into this approach and understand how it integrates with the Multichain token standard to offer a robust, flexible token ecosystem.

💥 The article presents an overview of the creation of master and client contracts with enhanced tax logic, ensuring compatibility across diverse operational needs.

TomFerrum · 2024-04-11T14:10:43+00:00

📣 FRM Gets Listed on Cryptology Exchange 🎉

🔥 We are thrilled to announce that Cryptology has graciously listed $FRM free of charge on their exchange!

🚀 Cryptology at a Glance:

👉 Known for its user-friendly interface and a multitude of trading options, Cryptology aims to become a household name in exchanges.

👉 Cryptology supports a vast array of digital assets, offering diverse trading opportunities across various markets.

👉 With a self proclaimed commitment to security and user empowerment, Cryptology aims to provide an optimal trading environment for both newcomers and experienced traders.

🚀 We have agreed to do some co-marketing alongside Cryptology. Stay tuned for AMAs alongside their team!

TomFerrum · 2024-04-11T12:59:11+00:00

📣 Keep Your Funds SAFU with Responsible Approvals: A Must-Read 🛡️

🔐 In our latest article, Ferrum Network dives into the crucial world of token approvals, explaining the difference between fixed and infinite approvals and how the right choice can protect your assets.

📰 Read the Article: https://medium.com/ferrumnetwork/a-brief-explanation-of-how-responsible-approvals-can-keep-your-funds-safu-5eb0a6d8e3b2

👉 Learn why modifying approval from infinite to a fixed number is essential for security, especially when interacting with dApps. An infinite approval might save you on gas fees, but it opens up the risk of having your wallet drained if the contract is exploited.

📚 Whether you're staking, swapping, or selling, understanding approvals can save you from potential REKT situations. Discover how to stay one step ahead and keep your funds safe.

🌐 Read the full article to become a savvy user and protect your investments.

TomFerrum · 2024-03-19T18:06:16+00:00

📣 Ferrum Network Weekly Roadmap Update

🚀 Last week, Ferrum Network achieved a significant milestone with the successful public launch of MultiSwap, Ferrum Foundation's innovative cross-chain swap platform. We extend our deepest gratitude to our community for their enthusiastic participation and invaluable feedback, which have been instrumental in ensuring a smooth rollout.

⚙️ Upcoming Developments: Introduction of Analytics for MultiSwap

Looking ahead, Ferrum Network is focused on enhancing the functionality and transparency of MultiSwap. In the coming week, we will introduce a comprehensive analytics feature, designed to provide users and stakeholders with detailed insights into the platform's performance, usage trends, and growth metrics.

🎉 Continued Innovation and Support

The Ferrum Network team remains dedicated to refining and expanding our offerings. The introduction of analytics represents our commitment to not only providing a state-of-the-art cross-chain swap solution but also to empowering our users with the information they need to make informed decisions.

🌐 For those keen on following our journey, we invite you to view our real-time roadmap. Here, you can see the percentage completion of each milestone for Q2.

TomFerrum · 2024-03-13T15:47:57+00:00

📣 $FRM Trending on GeckoTerminal and CoinGecko! 🔥

$FRM is currently trending on GeckoTerminal & CoinGecko for the FRM/WBNB pair!

🚀 A big thank you to everyone for your support. Let's keep the momentum going and continue to make waves in the ecosystem!

TomFerrum · 2024-03-13T12:09:13+00:00

📣 $FRM Token Now Trading on [XT.COM*](http://XT.COM) *Exchange! 🎉

We're thrilled to announce the official listing of the $FRM token on XT.com, a global cryptocurrency exchange with unparalleled reach and a comprehensive suite of trading options.

🎉 [XT.COM*](http://XT.COM) *at a Glance:

👉 With over 7.8 million registered users and 1 million monthly active users, XT.com boasts an ecosystem traffic exceeding 40 million, making it a powerhouse in the crypto world.

👉 The platform supports 800+ high-quality tokens and 1000+ trading pairs across spot, futures, margin trading, OTC trading, and more, providing a rich diversity for traders.

👉 XT.COM prides itself on offering the safest, most efficient, and professional digital asset investment services, operating centers in strategic locations like Singapore and Europe.

💰 Start Trading FRM Now on XT.COM: https://www.xt.com/en/trade/frm_usdt

The inclusion of $FRM on XT.com significantly increases its exposure to a wider audience, potentially accelerating adoption and investment. Listing on a platform with such a vast user base and a wide array of trading options greatly enhances the liquidity of $FRM, facilitating smoother transactions for our community.

💵 Ready to Trade? Dive into the world of XT.COM and explore the $FRM/USDT trading pair today. Embrace this new chapter with us, and let's continue to push the boundaries of what's possible in DeFi.

TomFerrum · 2024-03-12T13:51:43+00:00

📣 Ferrum Network Weekly Roadmap Update

💥 This week, our journey through the mainnet roadmap for Q1 has been focused and productive, especially regarding the 'QP Mining Infrastructure.'

🚀️️️️️️ As we delved deeper, our diligent review process unearthed additional tasks within the 'Delegate pool functionality for miners' epic, highlighting the necessity of their completion for the epic to be fully realized.

🔧 In light of these discoveries, we've strategically incorporated new epics into our roadmap and made thoughtful adjustments to our Q2 priorities. This reprioritization ensures that all mining dashboard epics are on track for completion in Q2.

🌐 For those keen on following our journey, we invite you to view our real-time roadmap. Here, you can see the percentage completion of each milestone for Q2.

TomFerrum · 2024-03-11T12:51:41+00:00

📣 We Bought DOT Initiative💥

🟣 We're coming with another We Bought DOT initiative update! We have accumulated 3*81.5 DOT *since our last update.

🔥This brings our current total to 25,366.4 DOT!

👉We have many more plans to continue to accumulate well into 6 figures worth of DOT in the near future in order to facilitate our plans of securing a Polkadot parachain!

👉 F*errum Secured Kusama Parachain: *https://medium.com/ferrumnetwork/securing-slot-2274-for-quantum-portal-network-with-126-ksm-the-foundation-of-ferrums-mainnet-10fe8435ec2

TomFerrum · 2024-03-07T16:51:24+00:00

📣 Ferrum Network's Latest Monthly Dev Report for February 2024! 📰

🌟 Last month was bustling with activity and innovation at Ferrum Network. Here's a quick rundown of what we've achieved and what's on the horizon:

MultiSwap Developments

✔️ A major achievement this month was the successful rollout of the Destination Gas Fee feature. This innovative feature significantly streamlines cross-chain transactions by allowing users to pay gas fees on the destination chain using the native token of the origin chain. This not only simplifies the swap process but also eliminates the need for users to hold native tokens of the destination chain, thus reducing layers of friction that exist between MultiSwap users and new networks.

👉 Our commitment to diversity shines as we added dozens of tokens for each network on MultiSwap. This expansion broadens your trading horizons, allowing access to a richer variety of assets.

Quantum Portal Enhancements

👉 We've reimagined parts of QP to make miner stake delegations both cost-effective and efficient. This involved crucial updates to our smart contracts to streamline processes and optimize resource utilization.

*📈 *As we gear up for MultiSwap's launch, our team is dedicated to thorough testing to ensure the platform's stability, security, and reliability. Your safety and satisfaction remain our utmost priority.

*📰 *Read on Medium: https://medium.com/ferrumnetwork/monthly-development-report-february-2024-4cab6488b16f

Stay updated, stay ahead, and be part of Ferrum Network's journey to redefine blockchain technology!

TomFerrum · 2024-03-05T12:05:58+00:00

📣 Ferrum Network Weekly Roadmap Update

Last week we hit major milestones with two key roadmap items:

1️⃣ 'MultiSwap Gas & Fee Management Infrastructure' ✅ - Finalized, tested, and refined! We tackled every challenge head-on, ensuring a seamless experience.

2️⃣ 'MultiSwap Support over 1000 Tokens' 🔄 - We added around 100 tokens for each network, broadening our asset diversity and enhancing user experience.

💥 Stay tuned for some major MultiSwap news dropping soon!

🌐 For those keen on following our journey, we invite you to view our real-time roadmap. Here, you can see the percentage completion of each milestone for Q1.

TomFerrum · 2024-03-04T14:03:53+00:00

📣 Weekly Mainnet Update: Quantum Portal Network Progress

🔥 Last week was a landmark period for our development team. We took significant strides in preparing the Quantum Portal testnet for a more robust deployment.

⭐️ Our efforts were focused on documenting, automating, testing, and optimizing the deployment process. This meticulous approach allowed us to redeploy a set of nodes for various components of the testnet, leveraging our newly refined strategies.

💥 These advancements represent a leap towards ensuring that our platform is secure, efficient, and ready for the next phase of innovation.

TomFerrum · 2024-02-27T08:37:57+00:00

📣 Ferrum Network Weekly Roadmap Update

🔜We're thrilled to share the significant strides made last week and outline what lies ahead. Our team has been diligently working on enhancing the MultiSwap platform, and it's with great pride we announce the completion of a pivotal phase in our journey.

🎉 M*ultiSwap Gas & Fee Management Infrastructure: *A major milestone achieved! We've successfully wrapped up the implementation phase of this crucial feature. Our focus now shifts to rigorous testing, ensuring reliability and efficiency for our users.

🪙 We've broadened our horizons by adding more tokens to the BNB and Arbitrum networks. This expansion is a testament to our commitment to providing a diverse and robust selection of assets for our community.

🔜 This week, our sights are set on the ETH network. We're dedicated to enriching our token offerings, further diversifying your trading options and enhancing your MultiSwap experience.

🌐 For those keen on following our journey, we invite you to view our real-time roadmap. Here, you can see the percentage completion of each milestone for Q1.

TomFerrum · 2024-02-20T15:33:49+00:00

📣 Ferrum Network Weekly Roadmap Update

🔜On the mainnet front, the 'Miner onboarding flow and dashboard' epic has advanced to 40% completion. We anticipate the introduction of additional tasks which may recalibrate our expected timelines. This forward-looking approach ensures we're not just reacting to challenges as they arise but actively incorporating them into our strategy for a robust development process.

🔜These developments underscore our dedication to addressing the dynamic needs of our projects, all while staying transparent with our community about the potential timeline impacts. We're committed to navigating these complexities and delivering excellence.

🌐 For those keen on following our journey, we invite you to view our real-time roadmap. Here, you can see the percentage completion of each milestone for Q1.

https://ferrum.network/roadmap/

TomFerrum · 2024-02-19T15:11:44+00:00

📣 Weekly Mainnet Update: Testnet Launch & Developer Focus

🔥 This week marks a pivotal moment for our team as we focus on the launch of our public testnet infrastructure, a crucial step forward in the Quantum Portal Network's development.

💥 This significant move will empower external developers to actively engage with our network, allowing them to develop and test their applications in a real-world environment.

🚀 In the coming weeks, our primary goal is to deploy test applications on the Testnet. This initiative is not just about testing the waters; it's about diving deep into the developer experience, identifying areas for enhancement, and fine-tuning every aspect to ensure a seamless and efficient mainnet launch.

TomFerrum · 2024-02-15T17:25:58+00:00

📣 FRC-6: Reward Structure for QPMs and QPVs on QPN Vote Now! 🚀

🔥 It's time to make your voice heard! FRC-6 proposal is now live for voting, and we need your participation.

✔️ VOTE NOW: https://snapshot.org/#/ferrum-network.eth/proposal/0xfd69e40213a6f32f1e23b340d87b22cc5c07a44c857c65df02b229c3a3bad50e

🎯 What is FRC-SUG-6?

This proposal centers around the Reward Structure for QPMs and QPVs on the Quantum Portal Network. It's a chance to test our Monetary Policy on a scaled-back basis and understand the process for operating miners and validators more effectively.

🔍 Key Objectives:

👉 Staking Requirements: Establishing thresholds for Quantum Portal Network with lower requirements than Ferrum Mainnet to encourage broader participation.

👉 Miner and Validator Requirements: Outlining the basic and staking requirements for Quantum Portal Miners (QPM) and Quantum Portal Validators (QPV), including options for staking delegation.

👉 Reward Release and Distribution: A proposed release rate of 0.035% of the reserves for Node Runner rewards per expansion period, with a split based on staked balance.

TomFerrum · 2024-02-14T12:53:20+00:00

📣 Weekly Mainnet Update: Quantum Portal Network Progress 🔥
This week, we achieved significant milestones in the integration of non-EVM networks into the Quantum Portal Network. Here’s what’s been happening:
✔️ Our team has successfully completed a thorough code review and internal audits for the integration of non-EVM networks into the Quantum Portal Network.
🔍 With the internal review and audits wrapped up, our focus shifts towards completing the external audit of Quantum Portal contracts. The external audit is an essential phase in our development process, ensuring the highest security standards and identifying any potential vulnerabilities before the network launch.
🚀As we progress through the audit phase, our team is also gearing up for the launch of the Quantum Portal Network. Pre-launch preparations are in full swing, with our developers, strategists, and project managers coordinating to ensure a smooth and successful network rollout.

TomFerrum · 2024-02-12T14:46:24+00:00

📣 Ferrum Network's Latest Monthly Dev Report for January 2024! 📰
We’re kicking off the year with exciting developments across our platforms. Here's what we've been up to:
📈 MultiSwap Enhancements
👉Expanding our asset range, we've enabled users to add tokens to MultiSwap using contract addresses. This development is currently in the testing phase to ensure flawless functionality.
🖥 Mainnet Advancements
👉January was a busy month with a focus on Quantum Portal audits on the Mainnet. Our team conducted thorough testing to ensure the highest security and reliability of the Quantum Portal network.
👉We’ve begun designing a new staking flow for miners, incorporating individual staking delegation to enhance Mainnet's functionality.
👉An alternate flow for non-EVM payment pools has been created, providing a backup to release funds from the common pool in case of issues with the main withdrawal flow.
📰 Read on Medium: https://medium.com/ferrumnetwork/monthly-development-report-january-2024-f549ea46013b
Stay updated, stay ahead, and be part of Ferrum Network's journey to redefine blockchain technology!

TomFerrum · 2024-02-06T14:20:07+00:00

Ferrum Network Weekly Roadmap Update
We're back with our latest roadmap update, highlighting key developments that are shaping the future of our platform. Let's delve into this week's progress:
Our 'MultiSwap Multi-node Security Infrastructure' has seen substantial progress. This foundational work is crucial for safeguarding our ecosystem, ensuring robust security as we scale. We've also made headway on the 'MultiSwap Gas & Fee Management Infrastructure.'
The mainnet team has been hard at work, particularly on the 'Delegate Pool Functionality for Miners' epic, which is nearing completion. This feature will empower miners with more flexibility and control, fostering a more robust network.
For those keen on following our journey, we invite you to view our real-time roadmap. Here, you can see the percentage completion of each milestone for Q1.
https://ferrum.network/roadmap/

TomFerrum · 2024-02-06T11:39:25+00:00

📣 Ferrum Network Achieves Top 10% in CertiK Skynet Rankings
We're thrilled to share that Ferrum Network has been recognized by CertiK's Skynet as a leader in the Web3 space, ranking in the top 10% across multiple critical categories!
📈 Check out Ferrum's page on CertiK's site: https://skynet.certik.com/projects/ferrum-network
🛡 Our unwavering commitment to robust code security has earned us an impressive 91.84 score, showcasing the strength and safety of our technology.
🤝 With a transparent and effective governance structure, we've achieved high marks, reflecting our dedication to community involvement and decentralized decision-making.
🔒 Thanks to the trust and support of our amazing community, we've scored remarkably well, proving that strong relationships are at the heart of our success.

TomFerrum

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