A financial derivative is a financial product whose value depends on the value of another asset. They can be classified in several ways, according to their complexity, their characteristics or the agents that intervene in them.

Derivatives in and of themselves have no value, since they are not traditional financial securities such as stocks or bonds. However, there are derivatives that are bought and sold as if they were shares in derivatives financial markets. There are many markets worldwide, such as CME (Chicago Mercantile Exchange).

In the world of cryptocurrencies you can give as a derivative example the fluctuating factor that these virtual currencies have, if you want to be sure about the value of your currency you can create a financial contract where you can guard against the sudden fall that the currency may have. that you own, and pay a small percentage for this insurance, this type of contracts generated by two parties involved need to be carried out with a high security, this type of service is the one that comes to offer Firmo

Smart contracts are computer programs. They are not written in natural language like your lease or your vehicle invoice, but in virtual code. They are a type of software that is programmed like any other software, to carry out a task or series of tasks determined according to the instructions previously introduced. Its fulfillment, therefore, is not subject to the interpretation of any of the parties: if event A happens, then consequence B will start automatically. Its legal implication has fallen -like all the technology related to the Blockchain- in a gray area which has had several failures and has caused millions of losses to many people, because not everyone has the computer knowledge to be safe from a failure in this type of contract that generates vulnerability in the security, or a bad writing of the syntax made to generate another result not required by the parties involved

No trusted intermediary is required (as a notary), because this role is adopted by the computer code, which will ensure without doubt the compliance with the conditions. Therefore, significant time and costs are reduced, now everything falls on the security of that code, this is where I sign places its specific domain language formally verified.

If you are an investor, and you are in the world of cryptocurrencies, or want to invest in them but with secure contracts that protect your investment, you can now have this service by Firmo, it is like the notary where you are going to legalize your contracts in the regular economy, in those cases there are lawyers who write your document and adjust it to your need, that same service will offer a signature on your derivatives of assets that can be generated in the blockchain of ethereum and nowadays they do not have a platform 100 % safe to solve and respond to this type of financial processes already very common in the global economy

It is easy to be deceived when the theme is not known

Programmers are very busy people, and in the blockchain there is less working under this technology, now, why trust their interests to people who can cheat their good faith? A poorly drafted (scheduled) contract can generate the total loss of its derivatives, including placing your assets at risk, as well as being costly to perform when a professional only takes the time to write a contract of this type just for you

Apart from this type of contracts have already been the target of hacking attacks demonstrating their vulnerability and generating the birth of this platform to safeguard the thousands of cases that are being generated in the blockchain of ethereum and other currencies, there is nothing better than sleep calm and firm comes to watch over your dream

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Sleep quietly while Firmo safeguards your investment

Firmo solves these security problems with its specified domain language that has already been proven, FirmoLang will offer the peace of mind you deserve, as well as having contract templates that can be easily adapted to your needs, and if your case is very complex, the easy FirmoLand syntax helps create your custom contract in the shortest time and with the same security required, this technology is so reliable that it is used in airplanes and trains of speed, it is technology of the future coming to the blockchain of ethereum

The Firmo protocol is designed to integrate with and support the decentralized economy, including: decentralized exchanges, p2p lending platforms, prediction market platforms and more.

Data Feeds and Oracle Integrations:

There are many variants that can play a fundamental role in the execution of these contracts, the volatile prices and the highs and lows in the world of the crypto are frequent, in addition external data can influence as a value of a stock exchange or other variable included in the contract, to be coordinated with this type of variables, the platform is helped with the use of Data Feeds and Oracle Integrations, Such external data feeds will be settled with external oracle partnerships.

FirmoLang is designed for zero redundancies:

A fundamental part of the security of Firmo is to look for the simplicity of the programmatic logic of its contracts to give the greatest security to these, since in the syntax only the necessary codes for the execution of the contract will be accepted, the less lines of unnecessary codes greater provided security, in addition FirmoLang is formally verified with the formal verification test assistant, which guarantees that the syntax of the contract can be checked first, to generate a failure or vulnerability search, before this progress to the blockchain where it will be executed, thus, it will be certain that there are no errors at the programmatic level that causes failures

FirmoLang is initially compiled for the Ethereum Virtual Machine (EVM). This market has been chosen for the launch of the Firmo platform, but it is designed to work in any existing blockchain, since the versatility of its EVM compiler is compatible with ERC20 and supports any asset class defined as a certified token

In conclusion

Millions of companies are evaluating and closely following the market of cryptocurrencies, do not hold, the volatile market is a great risk for millionaire investments of these companies, a single variable can cause millionaire losses, having more security on these variables and being able to maintain greater security on this insurance market will generate more confidence among investors who are undecided about their entry into the blockchain, the more tools such as this are born, the greater will be the growth of our ecosystem, it is totally clear that the blockchain is here to stay, and This type of projects only brings the future closer and creates the bases to expand the market and take the evolutionary step of the industries towards the blockchain

Small introduction