Hello Steemians! I get to know about this company called Firmo through @originalworks's most recent contest (post here) I think Firmo is working on something really interesting and it will potentially spark the growth of cryto-based derivatives.

Blockchain Adoption is something that is enormously wanted by the vast majority who comprehend the importance of the Blockchain and the astounding things it brings to the table

In the course of recent months be that as it may, the vast majority of the prevailing press consideration given to CryptoCurrencies is centered around the level of instability that accompanies It and the sooner that issue is understood the better for the Blockchain in general

Any business out there whether it is a Bank or a Food Store which considers utilizing the Blockchain for cryptocurrency is frequently looked with this unavoidable issue

How would we oversee Volatility ?

On the off chance that you don't comprehend the full Impact of unpredictability let me clarify it with this straightforward Illustration and as common I will utilize Bitcoin in this Illustration

• Melvin runs a gear store where he offers hammers and different devices and after that he chooses to acknowledge Bitcoin from a client who requested to pay him with Crypto

• The client purchased hardware worth $1300 and paid him 0.1385 Btc in view of the present cost of Bitcoin

• At that point a couple of hours after the deal , Melvin chooses to change over the Bitcoin to Fiat, he at that point finds that the Price of Bitcoin has dropped and the 0.1385 Bitcoin is presently worth $1230, presenting to him lost $70

• Melvin will in all probability decline to manage Bitcoin later on because of the loss that he has incured

This is the reason it is a hurclean undertaking to persuade organizations to acknowledge cryptographic forms of money as a methods for payment. What's more, this has limited blockchain selection to theorists and long haul financial specialists.

Introducing FIRMO

FIRMO is a Blockchain project that aims to solve this issue of Volatility and also provide some other vital services which will enable businesses adopt the Blockchain . The aim of the team behind FIRMO is to ;
Build Financial Infrastructure for The Crypto Economy

The major force pushing this project is FirmoLang which will power smart Contracts and Derivatives on any Blockchain that choses to adopt it. The FIRMO team has already secured a patnership with Ethereum and is also working on securing patnerships with other Blockchain platforms like EOS and NEO
Now you might not know what a Derivative or a Smart contract is so I will explain them better so that you can get a picture of what FIRMO is trying to accomplish

Smart Contracts.

Smart contracts are digitally automated contracts that enables the exchage of assets in a way that prevents fraud. The contract is embedded into code and it cannot be easily tampered with
Smart contracts however are not as secure as they are meant to be . A huge 45% of the Smart contracts built on Ethereum have vulnerabilities. Thats almost half of the smart Contracts built on Ethereum
When It comes to smart contracts the most Important factors are the parties, the asset and the terms of the contract. These three things have to be in place before a smart contract can be executed. This is what powers transactions in Exchanges and eliminates the need for middlemen while eliminating the risk of fraud
There are different categories of vulnerabilities that make smart Contracts Insecure and FirmoLang has been built to prevent such vulnerabilities from showing up

Derivatives.

A derivative can be simply defined as a contract between two parties which derives its value or price from an underlying asset.The most common types of derivatives are futures, options, forwards and swaps. Source
When it comes to the business world derivatives are used to secure a price point over a period of time. This is Important for businesses that depend on a specific material which might experience a fluctuation in price
Derivatives are favoured by traders since if they are bullish on the price of an asset they can secure the current price point and benefit from the upward price movement

So Why FIRMO ?? !!!

There are as of now a great deal of Coins out there situating themselves as Stable Coins however FIRMO offers an exceptional Value. It can be Integrated into different Blockchains utilizing the FirmoLang

FirmoLang gets security highlights from plane and prepare applications which are area particular and formally checked. This makes it totally slug verification and Impossible to bargain

Firmo is composed along the standards of Zero Coverage which implies that as a client you will require little of no guarantee, this is otherwise called utilizing "permissioned framework", which can be fabricated utilizing FirmoLang

The Firmo system will assume an exceptionally Instrumental part is moving organizations to the Blockchain as it covers two center concerns Security and esteem safeguarding and the way that it can be Integrated into different Platforms makes it an extremely adaptable choice

I trust that this will likewise help fathom any issue of Centralization as it can be worked with crosswise over board. One of the center contentions against the utilization of Tether is because of the level of Centralization it has

FIrmoLang additionally unravels one of the greatest issue the Blockchain is confronting at this moment which is Blockchain Developers. FirmoLang gives Robust Templates that you can use to code your own agreements

This advancements will be extremely useful to Investors as they will get more an incentive after some time for their Investments and this will likewise make a more Inbound movement for Investment as it takes out the Volatility factor

The Firmo Team

The FIrmo group is driven by Omri Ross who has a sizeable involvement in Blockchain Technology and Fintech , the Two CTO's Ariel Laub and Gury Tarub are likewise experienced Veterans

Areil Laub and Gury Tarub has both been Involved in the advancement of instructive recreations, they are prime supporters of Remarkable Games which create fun diversions that additionally help Improve the Intellect of Children who play them

Williams Dashan Gan is an Award winning Data Scienctist and Software Engineer

To Learn more about the Team you can check the Firmo Website HERE

References And More Information

FIrmo Website : Firmo.Network

Firmo Medium: Firmo.Medium

Firmo WhitePaper: Firmo.WhitePaper

Firmo Telegram : Firmo.Telegram

Firmo Twitter :Firmo.Twitter

Firmo Facebook: Firmo.Facebook

To Participate In Firmo Check this Original Works Post

A debt of gratitude is in order For Reading.

Follow @the-fundraiser.

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