Review on Fortuna by Danh Huỳnh Ngọc Công
Fortuna - The leader of its market?
Fortuna describes itself as the first blockchain project in OTC derivatives market field that offers solutions to address the centralized derivatives market choices, high risks, insufficient management, and isolation of markets and investors. The nature of blockchain technology appears as the backbone of the whole network, approaching the three problems one by one and inaugurating innovative features to improve the current state of the market. Fortuna utilizes complicated algorithms and mechanisms to build a trusted platform where traders operate efficient trades of high-liquidity in a professional manner, getting incentives for interaction.
Pros
- Fortuna utilizes the consensus algorithm called DPOSA to governed the platform which keeps the network running during several types of attack. Besides, the algorithm ensures the importance of all dedicated network participants are regarded
- Derivatives contracts on Fortuna are smart contracts, not the conventional ones; therefore, everything operates fairly, precisely, inexpensively, and automatically
- Decentralized Quoting Mechanisms prevent price manipulation to effect the whole system keeping it a reliable platform
- CoT maker, Trader, Quoter, and Marker are regulated automatically by blockchain algorithm, not allowing malicious activities happen
- FOTA utility token play an important role in the operation of the platform as it is used in almost every activities. This benefits the traders a lot
- FOTA is traded on major platforms with very good volume
- The project is backed by large capital institutions and found on famous medias
Cons
- Cryptocurrency market is highly volatile
- POS and its alternatives are usually considered to be not secure as POW
- Regulation should be considered more
