Firmo - the future of Crypto

The Blockchain World

The world is experiencing a paradigm shift from the paper currency to a block chain group of currencies. It is not whether you like it or you don’t like it. You must get used to it. Is a revolution that the world needs and that can help enhance the global economic system that will favour both the bourgeoisies and the proletariats.

All thanks to block chain group for the great innovation that will bridge the lacuna that exists between the world currencies of unequal value where individuals are being cheated knowingly or unknowingly. The block chain group of crypto-currency is growing largely and have become a tenable medium of financial transactions in most countries and generally on the web.

As the world is growing bigger, there are myriad challenges facing the financial situations of individuals, groups, business and countries’ economy. With the introduction of blockchain technology, there exist a decentralized and uncontrolled, simpler, faster and safer means of making transactions.

This gives room to a singular system in which an institutions and users can have a trusted platform in which records are stored permanently and transactions are made more transparently. Banks, businesses, organizations have imbibed this technology and more will take in the technology with time. Emphatically, the future have been given a new shape and look.

However, this technology have many limitations which have always been questioning the genuineness and dependability of transactions on it as well as its future.

Challenges with Crypto and Blockchain Technology

• Lack of unified and acceptable digital currency legislation especially in terms of technical security
• Financial insecurity especially with hackers everywhere
• Collapse or downfall in the value of the currency which may lead to loss of money
• Allowing profitability from one end and shortage from the other end of transaction
• Purchase of illegal items with blockchain technology are becoming rampant
• Wealth maximization especially from individuals that can afford huge amount of money, making it possible for miners to make huge profits within a particular period
• Resistance from governments as it is believed to affect the financial systems already laid in countries. Therefore, breaking government resistance is tedious

What is Firmo?

Source

In pursuit of development as well as bridging the lacuna created by other platforms on blockchain technology, Firmo have come with a better platform on blockchain on which economic system can be enhanced. It is on this premise I introduce you to Firmo.

Firmo like other technologies on the blockchain is a platform with foundational technology that allows a simpler and secured transaction for everyone with a language (Firmolang) in which there is a zero coverage. A technology putting all users into consideration.

How Firmo will change the evolution of Financial Systems in the Crypto-Space

The transformation that is expected with Firmo can be summarized into the following:

• Enterprising Financial and Economic Freedom on the blockchain technology
• Financial Security: Firmo is introducing a financially secured platform which will allow all users to be lowly prone to attack and hacks like that of Parity and DAO
• Firmo introducing a future dependable technology: It can be said to be what the future needs and if at all there will be modifications, group of experts working with the platform have it under control
• Firmo is available for both present and future tools to be developed on blockchain technology, what an amazing tool
• Price security over a certain period of time: On the technology, there is price security for a period of time in which buyers and sellers can set market targets, prospects as well as how to meet their targets.
• Prices would no longer be determined by forces of demand and supply or buying and selling push and pull factors. What a perfect market that would create.
• Zero Coverage – in the sense that there exist little or no collateral needed for financial transaction.
• Allowing people to have a handshake afterward the transaction: You can buy now, seal deal, pay later. This is a perfect market.
• Qualified Team of experienced, educated and expertise which include individuals from business, accounting, finance, banking, programming, engineering among others led by Dr. Omri Ross, a certified blockchain technologist and fintech. We are in the safer hands of technocrats.

How will FirmoLang added features help cryptocurrencies?

The Firmoland added feature of zero coverage give it an advantage over current systems.
Human wants are numerous and some are actually necessities which can be very urgent, pressing and demanding but can be hampered by lack or inadequate financial strength. This make it difficult to carryout important projects some times.

Some financial institution make available loans with collateral but most people have no goods to present as collateral with which to secure or access the needed sum. Here a hope for all, both rich and poor, investors and miners, a trustworthy platform on which business or lives can be built which allows the rich to grow richer and the poor to grow rich as well.

Nothing could go wrong with Firmo – It is the future hope for blockchain technology which I believe will not only involve individuals but governments with time. I am happy for all that are part of the history of this great technology. Do you want to keep your investment safe and secure? Do you want to be with your investment always?
Firmo is the way

Thanks.

To learn more about firmo, visit https://www.firmo.network

This is my entry for Firmo contest by @originalworks

https://steemit.com/crypto/@originalworks/200-steem-40-bonuses-sponsored-writing-contest-firmo

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