INTRODUCTION
The world is going global and different businesses in the world are adopting the blockchain technology and ecosystem. Derivatives are not found in the crypto world due to high risk of insecurity and this is where FIRMO can venture in to solve the problem of vulnerability and insecurity.
ALL IMAGES WERE GOTTEN FROM FIRMO OFFICIAL WEBSITE
WHAT IS FIRMO?
FIRMO is all about developing a secure platform for different products which are mostly around financial products. It is an infrastructure which fight the issue of insecurity when it comes to derivatives in the crypto economy.
Derivatives is an important aspect of the world economy but rarely exist in the crypto world today. One of the reason for this, is due to security issues.
Most smart contract in ethereum are being hacked. Businesses, individuals and institutions are scared to transact through the blockchain.
FIRMO will help solve this problem of insecurities using verified programming language which securely exhibit smart contract on any blockchain.
FIRMO can also be used to predict the financial market which will enable investors make maximum gain and profit.
HOW WILL FIRMO SECURITY HELP CRYPTO CURRENCIES?
FIRMO uses a programming language called FIRMOLANG. It is a verified programming language which is as secured as the code used to fly airplanes in real time.
Firmolang is secured and can work with most blockchain (like every blockchain).
Almost 50% of smart contract can be hacked due to vulnerability. FIRMLANG by passes the vulnerability test by using the same method and ideas that power airplanes to securely execute financial contract. It is a domain formerly verified .
FIRMO AND ITS ZERO COVERAGE SYSTEM
Unlike other systems, FIRMO enables users to execute smart derivatives without collateral or zero coverage. The FIRMO protocols zero coverage simply signifies a faster, efficient and more effective executions.
If one wants to execute smart derivatives for a verified platform, one can use the FIRMO protocol zero coverage.
For example, If I want to execute smart derivatives with someone I trust 100%, I can make use of the FIRMO protocol zero coverage
THE EFFECT OF DERIVATIVES ON INVESTORS
The introduction of derivatives to tokenised asset can help investors in the following ways
HEDGING OF RISK
Derivative is a huge part of the economy because they are very useful to help investor hedge some of the risks involved.
FINANCIAL INSTITUTIONS
As an investor, the FIRMO protocol can help gain significant reduction in costs that may arise from settlement of derivatives.
PREDICTING THE FINANCIAL MARKET
FIRMO protocol can help investors predict the financial market in the future. It can enable investors secure a current price point and gain from the price discrepancy that may occur in the future.
FIRMO TEAM
FIRMO was founded by an extreme qualified and well educated team grounded in blockchain knowledge.
The CEO is Dr Omri Ross who is a professor in blockchain technology from the university if Copenhagen. He also had PhD from the University of Cambridge in the UK.
MANAGEMENT TEAM
ACADEMIC ADVISORS
ADVISORS
This article has been prepared in response to:
https://steemit.com/crypto/@originalworks/200-steem-40-bonuses-sponsored-writing-contest-firmo
Hello! I find your post valuable for the wafrica community! Thanks for the great post! @wafrica is now following you! ALWAYs follow @wafrica and use the wafrica tag!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Submitted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit