Writing contest sponsored by :FIRMO

DERIVATIVES

Derivatives are a money related instrument that enable people and organizations to secure a value point over a specific timeframe. This is valuable for organizations that rely upon a particular material, the cost of which may rise or fall.

Derivatives are mainstream among brokers, since on the off chance that they trust a specific resource will ascend in esteem, they can secure the present value point and advantage from the value inconsistency.

FIRMO is here to present secure and computerized budgetary contracts, also called SMART CONTRACTS, without the tiring inclusion of put stock in outsiders to support the advancement of a decentralized economy.

THE FIRMOLANG AND IT'S SECURITY

A programming dialect is viewed as Turing complete, when it can reproduce a Turing Machine. Be that as it may, shrewd contracts made utilizing Turing Complete dialects quite often contain vulnerabilities. Infact, investigate demonstrates that 45% of the Smart Contracts analyzed from an arrangement of more than 19,000 contracts conveyed on the Ethereum Mainnet contained a subset of known endeavors or vulnerabilities. This has achieved reactions of decentralized foundation, and this has raised worries among financial specialists.

Firmo over the long haul will change a great deal about the monetary framework. firmo is building the eventual fate of money related foundation. 1/7 of the world's economy is subsidiaries, however these money related contracts are not safely accessible in the crypto economy yet but rather with the assistance of firmo Lang (FirmoLang empowers organizations, similar to trades, to safely and naturally offer brilliant subordinates on any major blockchain), firmo will band together with blockchains to elimate their reliance on the economy.

The FirmoLang is made to deliver an obvious and un-mistakable portrayal of compressions, with a specific end goal to empower their programmed approval, execution, and examination exercises that are by and large known as contract lifecycle administration. Area particular dialects have a few preferences over wide reason, Turing-finish programming languages.

FIRMO PROTOCOL

The Firmo Protocol enables clients to execute savvy subordinates with practically no insurance. Zero scope can be utilized as a part of a few conditions: When the brilliant subordinates are executed on permissioned framework, or when the adequate trust exists in the middle of the counterparties. This element will be worked by the Firmo Community.

ZERO COVERAGE
The users of FIRMO protocol can execute smart derivatives with little /no collateral, known as ZERO Coverage. On execution of smart derivatives on an authentic platform, the FIRMO's ZERO Coverage is favorable.
For more information about firmo :
Website ::https://www.firmo.network/
TechnicalPaper::https://www.firmo.network/resources/FIRMO_TechnicalPaper.pdf
Telegram ::https://t.me/firmonetwork

Firmo2018

Thanks for reading

This is an entry post into the writing contest by @originalworks:
https://steemit.com/crypto/@originalworks/200-steem-40-bonuses-sponsored-writing-contest-firmo

Firmo2018