Liquid Network - Guarantees a fast, transparent, secured trade and resistant to blockchain congestion

mylane (44)in #blockchain • 5 years ago (edited)

INTRODUCTION
The introduction of Bitcoins by Satoshi Nakamoto in 2009 has ushered in altcoins into the limelight. As at August 2018, there are about 1600 cryptocurrencies available on coinmarketcap.com with market capitalization of $100 billion and there are over 200 exchanges and the list is ever increasing. Most of these exchanges are centralized and are not ideal to be trusted with users funds. Other available decentralized exchanges, like all one-chain exchanges are characterized with slow trading speed and face the risk of becoming congested due to the continuous influx of new entrants and high trading activities.

The team at Liquid Network came up with a game-changing innovative non-custodial off-chain exchange that ensures fast, easy, transparent and secured trades resistant to blockchain congestion.

THE LIQUID NETWORK

The Liquidity Network is a simple, scalable, private and transparent network built on the Ethereum Blockchain designed to support millions of users. It is built on two integral components that are in synergy with each other and they are:

THE LIQUID HUB NO-CUST:

Enables off-chain non-custodial transactions that forgo the costs associated with on-chain transactions.

THE REVIVE:
It is a vital component of the securely Liquid Network. It is an algorithm that allows different hubs to rebalance their respective balances according to their own preferences.

BETTER THAN CURRENT SOLUTIONS
The Liquid Network allows instant and off-chain channel establishment, operates with simple routing designs and allow member of a payment hub to pay another member of a payment hub at zero transaction fees. The Liquid exchange performs instant off-chain swaps without holding users funds, resistant to excessive on-chain transaction fees, can operate under blockchain congestion and off-chain swaps are instantaneous and can reach trading speed of traditional exchanges.

SOLVES HIGH TRANSACTION COST
The Liquid Network is able is able to solve the issue of high transaction cost by having rebalancing done through off-chain transactions which does not in any way add to the congestion of the given chain and thus makes it scalable and less expensive.

BENEFITS OF MAINTAINING CONTROL OF ONE'S PRIVATE KEYS
The Liquid Network efficiently interconnects hubs together in an amazing fashion. Private keys which is a sophisticated form of cryptography that allows users to access his or cryptocurrency are in the hands of the users in a particular hub and all the funds of the accounts on these servers are in the control of the users with private keys to the accounts and as such a member can remove his/her funds at any time from a particular hub and transfer it to another hub without the prevention of hub's operator.

SUITED FOR TRUE DECENTRALIZATION AND EFFICIENT TRANSFER OF FUNDS
The Liquid Network is an open network to all and sundry irrespective of his/her crypto knowledge, it has free off-chain registration, no-rigid funds locked, users are in control of their funds which is secured by the blockchain. The Liquid exchange has an amazing super-fast speed, support high trading volume, resistant to network congestion and charges zero transaction fees. The exchange is available in desktop and mobile so that users can easily access and transfer funds anytime and anywhere.

LIQUID APPLICATIONS
The liquid application is designed with simple user-friendly interface and it's available in desktop and mobile (android and IOS) versions.

Desktop wallet

Liquidity Network wallet desktop

Mobile wallet

Liquidity Network wallet mobile

CONCLUSION
The Liquid Network is clearly one of those rare spectacles only occasionally spotted in the blockchain space, a project which is heavy on genuine innovation, yet light on hype. The network is scalable, secured, designed to support millions of users, resistant to blockchain congestion and boast of an amazing super fast speed.

The Team