Firmo

''Financial infrastructure for the crypto economy'' [source]

-Issuing a smart contract language that enables secure execution of financial instruments contracts on the blockchain, specifically, derivatives; dubbed FirmoLang, is stepping forward to the new crypto economy world, providing security & trust on every execution within the Ethereum blockchain, on the ERC20 format to any asset class, compiling data in the Ethereum Virtual Machine (EVM), looking for new partnerships to totally evolve the crypto economy. It includes but isn’t limited to, futures, loans, options and swaps (introducing the forward contract). The Firmo Network purpose is to run a transparent and efficient financial service, clearing bugs and being simpler by employing its own language, Firmolang, as this is verified, borrowing airplane and train security applications.

‘’Firmo is paving the way for the logical evolution of the emerging crypto markets.’’ [source]

-By implementing derivatives is expected to stabilize the high volatility given only by buy and sell orders, making broader the possibilities of investment.

''However, despite all of these large numbers, there are a number of major problems that plague the market. To use these numbers solely as an appraisal index of the state of the market would present a false narrative. There are structural and functional issues that affect the market. These problems stem from a variety of reasons such as the infant nature of the market, lack of understanding of the cryptocurrency space, and some peculiar economics of cryptocurrencies (“tokenomics”) just to name a few. [source]''

FirmoLang Impact

-Through FirmoLang’s attributes, there are lots of advantages among the crypto market and the crypto economy development, as described before, it is a unique programming language developed for the Firmo Network, targeting this whole emerging of the crypto world and bringing it to another financial level. Due to Turing-complete languages use to have several vulnerabilities, fuelling criticism of decentralized systems, discouraging its potential, since faults in the financial world are too significant raising conflicts with its whole basis. FirmoLang is intentionally created to decrease the margin of error in smart contracts on decentralized platforms, to build high-value security in the crypto world, being verified for Coq proof assistant which exposes any possible error before the smart contract launching, avoiding any further problem. FirmoLang is a strongly built language, simply expressed and secure to investors; whereas validating and analyzing by itself in a completely stable and secure environment. Another interesting matter regarding security is the Proof of Authenticity:

''Any external data feed from non-trusted entities utilized by the Firmo protocol will be required to deliver a proof-of-authenticity… To solve this issue, users will be required to provide retroactive proof that any decisive data is authentic.'' [source]

-Bringing up legitimacy on board of Firmo Network, elevating its value modestly. If working everything as theoretically, the crypto-space could be revolutionized by Firmo Network’s language, FirmoLang, it is going to raise investment volumes by adding trustworthy investors, stabilizing the volatility and leading towards financial blockchain future.

Coverage Updates

-The Firmo Protocol offers a fresh feature into its development, called zero coverage, completely new ‘’method’’ which leaves up to users if they want or not to execute smart contracts with coverage. Depicting how the platform is able to deal with smart contracts between parts either bringing a permission base, by relaying the trust into the Firmo Protocol or by relaying the trust into a secure network. Thus, Firmo Network is providing a specific and effective service to the Firmo Community.

A wider market with bigger possibilities

-Then, Firmo Network fills the lack of investment spectrum in the crypto-space, adding not just a secure and effective platform of smart contracts; Firmo Network adds relevant investment possibilities which are going to lead stability, profitability, and control all over the decentralized world; a lot of investment is not made in the crypto-space due to tokenized assets meaning high risks, there is no reliability on everything out there. FirmoLang is key in the project, whereas is going to be run by the whole world, spreading more projects strongly seemed to Firmo Network. Investors are going to feel as safe as at home when investing, projects are going to work securely and steady; value is going to be all over the blockchain as soon as Firmo or other similar projects starts to do the same thing.

''It is impossible to produce superior performance unless you do something different from the majority'' – John Templeton [source]

Team

-It is compound by a group of talented educated and experienced people from core team to employees.

The core team is represented by:

-More about Firmo's team

Refferences

Firmo Network & Firmo Technical Paper

Hackernoon

Rule on investing

Original Works Contest

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