Introducing Firmo, the Hope and Future of Cryptos and Blockchain Technology.

in #contest6 years ago (edited)

Happy New week pals,

I give a special thanks to @originalworks for bringing this week's contest about Firmo. You can read more about it here
https://steemit.com/crypto/@originalworks/200-steem-40-bonuses-sponsored-writing-contest-firmo

Money and it's forms in currencies have a great power in the world's business transaction schemes.
But money in the form of Fiat is highly centralized and service-exchange limited.
This gave birth to digital currencies. Innovative cryptos such as Bitcoin came in with decentralization, while Etherum brought about a means to aid smart contracts thrive in the blockchain by the use of a virtual machine.

Introducing Firmo, the future of financial systems in the crypto space.

Firmo is an organization that is working to create infrastructure from a technology perspective that will enable the secure execution of smart contracts, particularly in the area of financial derivatives.
Firmo does this with the use of firmolang.


Youtube video about Firmo protocols

Ways by which firmolang's added-security features will help cryptocurrencies.

Firmolang is a verified domain-specific language that is equipped with added security which eradicates hacking, redundancies/errors and high levels of vulnerabilities.
It also solves the difficulties of securing Blockchain developers and their exorbitant price-tags.
Firmolang does this, by making use of templates in writing financial contracts, together with a simple syntax that allows you to code your own contracts.
It can also liase with people, Blockchain or APIs in performing financial contracts to obtain an exchange or product. Read more on https://medium.com/firmonetwork?source=avatar-lo_HI8E0ol6YHzK-5c95a507368a

Firmo's Extra benefits; Provision of Zero Coverage.

Financial institutions usually demand for collateral in procurement and execution of derivatives and Firmo does so too, but also have an option for Zero Coverage.
Here, Firmo offers its users little or no collateral based on permissioned infrastructure or a high level of trust between the counter parties. Read more
on www.firmo.network

Encouraging Investors by Introducing Derivatives to Tokenized Assets.

Derivatives are securities or intangible investments that acts as a catch-all term for many kinds of investments example Stocks, Bond and Mutual fund. In this case, their value is gotten from the price performance of the underlying entity (like, index or interest rate).
Thus, introducing derivatives to tokenized assets which is done by firmolang, helps Eliminate most of the intermediaries involved in financial operations thereby, making Smart Contracts, a very secure operation on the Blockchain.

More references
Www.firmo.network

Firmo 2018

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