Everyone needs firm infrastructure to help the various aspects of their lives function, especially when it comes to finances. It helps when the system that helps do that with your cryptocurrency is called FIRMO. Its in the name basically. Firmo seeks to develop systems that enable a secure and efficient contract execution protocol to see it take blockchain to the next level. Say bye to third party transactions.
Current crypto trade systems advance the idea of using a decentralized legal tender, or monetary systems. This has made trade easier, faster and a tad safer. Most transactions are carried out on third party platforms. Current automated financial contracts are prone to bugs. As with any system, there are mistakes sometimes. These are very difficult to correct. Firmo is simple and secure and employs the best way to generate air tight code. Aptly put as "transparent, fair and trustless". A near faultless system. Its ability to work on many service providers and exchanges that have the protocol, also comes in very handy. This is taken care of by the introduction of derivatives to tokenized assets.
FirmoLang is the special language used to make things work in the Firmo protocol. Its a very insightful syntax that is verified and simplifies all transactions into a triad; "A series of transfers of value between counterparts, at selected time intervals, governed by a set of conditions like the price on the market or a counterparty calling an option." It also makes provisions for additional features like loans. It provides the solidity promised by many current systems without the redundancies. This is done through the various checks it carries out on a derivative before transactions are completed. Any issues picked up will be rectified before the transaction is well and truly done. A simple expression of contracts , but very easy it becomes to confirm.
Of all the various coverage forms afforded by the Firmo protocol, the "Zero Coverage" is the most interesting. It allows for transactions or contract executions with little or no collateral be it on permissioned infrastructure or situations where trust is present. Current systems do not offer this feature, making truly dynamic trading a bit difficult.
We all love to carry out transactions with as minimum fuss as is humanly possible. Cryptocurrencies have taken out as much fuss as it can, with its own shortfalls. Firmo is here to take us to the next level. Next to no fuss. This has been a concise description of what its about, without a lot of technicalities. I hope you enjoy it. A firm handshake to complete all transactions, with firmo2018.
https://steemit.com/crypto/@originalworks/200-steem-40-bonuses-sponsored-writing-contest-firmo
I did enjoyed this reading sir. Thanks. I will study firmo protocol more.
Submitted.
I did enjoyed this reading sir. Thanks. I will study firmo protocol more.