LIQUIDITY NETWORK | The solution to your problems outside the profitable chain
Participating again in the contest that brings us @originalworks and today I will tell you about a new liquidity network platform.
What is liquidity network?
It is a simple, scalable network. Built on the basis of the chain of ethereum blocks.
Objective
It is designed to support millions of users and achieve widespread adoption. It consists of being an intermediary without custody to make payments and services quickly.
The liquidity network has many functions for which it is interesting. It is now available for Android and IOS applications.
Another functionality that you have this network is to support those millions of users, reducing the appropriate transactions and costs significantly in an outstanding way.
Its ecosystem allows a general adaptation to the chain of blocks. Also not only that, but rather, it uses two key components based on these two:
- The Liquidity Hub NOCUST and
- REVIVE.
But what are these two components?
I'll explain:
- The Liquidity Hub NOCUST and : This name is mentioned because it is based on "custody", which refers to transactions outside the chain of blocks that renounce the costs associated with that chain. Which allows such transactions depending on the bandwidth and the latency of the Internet to carry out these transactions.
- REVIVE: As its name indicates, this function allows a hubs algorithm to rebalance its payment channels outside this chain. I explain with the following image
As you can see, it does not increase the given chain and as it is outside the chain, its cost is low and scalable. Revive is an integral part of this network.
Architecture outside the chain
Payment outside the chain: The design of this network focuses on two different ways.
Hub: Off-chain and payment
A user who joins hub, makes his funds with any other member by which, to costs significantly lower than the normal transactions in the chain.
The hub is an interesting system, since the funds are no longer blocked between the two users. It is also accessible to other users in the same hub, the funds are secured by the blocking chain and it is safe since other users cannot steal the assigned of that user.
Speaking of something that does not apply is the lighting technology as it is not appropriate for this type of hub. It would be necessary to build an excessive amount in the payment channels.
Advantages of this type of architecture:
Because the network is designed for ethereum, it benefits the development community and their current research.
Resolves several critical points within the network, as many faults are found.
Its ecosystem allows millions of users to make their payments by changing cryptography.
Your products:
Applications are being developed for both desktop and mobile devices
Although it is already available for android and IOS systems, as I mentioned before.
In recent years, as technology advances, markets have undergone many changes, giving way to evolutions.
MT. GOX says: "You can't rely on the centralized part of the exchanges".
Ether delta is one of the first decentralized exchanges, however, suffers like all its chain exchanges where its transactions have a slow speed.
But the exchanges offered by the liquidity network are different to these cases mentioned because they provide for the exchange without being the custodian.
They assure that the funds of the user will be through the blocking chain, allowing this that there is no such thing as a slow movement, nor remain through the blocking chain.
It is then configured for the first time in the market to launch this new scalable payment system allowing ethereum users these payments at a low cost. Allowing millions of users to send their micropayments of profitable ethereum.
Case of use:
Derek has been using several exchanges in the market for years, but he realizes that he always has the same problem with the transactions that are rantelized.
By which, derek decides to make a new decision to use a new exchange, in order to find fast and low-cost payment processes.
So he finds himself with a liquidity network, where he offers that new change of making transactions outside the chain and it doesn't cost him so much.
In such a way that dereck begins to investigate, the new changes that the platform makes to offer its better service and that it will maintain its private keys in the same way.
It has no risks, millions of transactions are made and it is efficient. Dereck begins to use it and feels satisfied.
Team
Conclusion
The technology advances every day and that is very effective in our days. However, the market must keep pace with technology.
The market has advanced a lot within the virtual network, the decentralized era every day continues to enter our world, through which users can experience much.
Making all this a reality, p2p is becoming a reality, but with the disadvantage that chain transactions are still expensive.
By which liquidity network informs us that it is working for transactions not so expensive outside the chain. By which it must be decentralized and secure for the user. Liquidity network promises and has potential to achieve it.
For more information :
lqdtwitter2019
lqd2019
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