Review on The Force Protocol by francis fernandez
Force Protocol: finance without intermediaries at your fingertips
Traditional finance has lost its validity with the appearance of electronic financial services platforms; since they handle the requests of their users more efficiently.
Force Protocol (ForTube) is a blockchain solution that serves as a technological gateway so that users can carry out financial transactions safely, quickly and easily online; without suffering delays in your requests or carrying out complex procedures in conventional bank offices.
What benefits do users of the ecosystem enjoy?
Force Protocol is a vital tool for crypto creators; offering you a multi-functional ecosystem that includes:
• Financing programs in digital currencies with fixed interest and term
• Digital applications for asset management
• Solutions for the creation of stable monetary systems
• Bonus design system
• Payment mechanism between protocols
• Exchange systems between assets type ERC-20
This and more is possible thanks to its open source source that allows developers to manage new projects or make improvements to existing protocols.
Force Protocol combines two major aspects of blockchain technology: a digital asset management mechanism and a non-custodial system for financial procedures.
This contributes to the constitution of a comprehensive ecosystem that serves as a solid platform for the development of a wide range of cross-functional protocols based on blockchain security.
Does the platform use a token?
Like most of its counterparts; the network uses a token known as FOR; which has as utilities:
• Serve as a reward currency for financing beneficiaries
• Guarantee the right to vote to members in its government system.
• Monetize the operations carried out on your network
What is your technology based on?
Another of its highlights is that the platform is linked to Chainlink's oracle system; which allows you to obtain accurate external information quickly and safely, to integrate it into your multifunctional ecosystem.
Pros
- Offers its users easy access to financial procedures
- It is a protocol that works without intermediaries or controls
- It is accessible to any user without geographical limitations
- Has additional internal security mechanisms
Cons
- No disadvantages of use
