Meet Liquidity Network - A better and much faster network
A market in full expansion
The cryptocurrency market is a market that is in a great expansion to attract as many people as possible, compared to established markets, the cryptocurrency market is nothing compared to them, the differences between market capitalizations, daily volume and even the amount of assets within that market are incredibly noticeable, even at first sight, which allows us to realize how new born the cryptocurrency market is.
That is why, in order to fulfill the objective of expanding this market even more and take it to people who have not yet discovered it, except for the incredible innovations that this market has, there are other projects that focus on improving and promoting the expansion of this market by creating incredible tools to achieve this achievement and make the market grow in a general term, thus increasing the number of potential investors wishing to enter this new market, thus increasing the market capitalization and the volume of daily transactions produced in this market, creating an even more solid and healthy market.
That's why, in this article, I'll tell you about Liquidity Network, a set of tools that greatly improve the quality of transactions in terms of speed, scalability and, above all, security, allowing users to manage their money through this medium with less worry and with excellent overall quality, greatly improving their satisfaction, in this article you will discover what Liquidity Network is, what its benefits are, what it offers to the world and why we should use it, you will also meet the people behind this fantastic project and you will have a brief conclusion of everything I have described here.
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What is Liquidity Network?
To speak more specifically about Liquidity Network, I will give you an overview of what this network is and then break down the most prominent tools within this network so that you don't get lost in such a large article and the information can get confusing to you.
You have to be very clear that Liquidity Network is not a specific platform, it is a total NETWORK that offers the world new ways to trade on different platforms as it would be its "Liquidity Exchange", things that I will explain as this article progresses. This network is in conjunction with the Liquidity Exchange in an environment called "Liquidity Ecosystem", an environment that has been the result of 2 academic innovations: "The Liquidity Hub NOCUST" and "REVIVE" (as described in the official WhitePaper of the project).
Liquidity Network is prepared to process millions of users from anywhere in the world from any device, being able to process millions of transactions in moments, leaving any kind of problems regarding the quality of service when you want to make a transaction to another person, Liquidity offers you the opportunity to make these types of transactions while millions of people also do the same.
To all this, a very important point in favor of Liquidity, as it is being a network that is built in Ethereum, this system is not governed by anyone, i.e, is completely decentralized and people who manage their funds through this network will be completely safe under the Blockchain technology, the only way your funds can be compromised is by stealing your private key, which you must have safeguarded and not give to anyone.
What will you be able to do thanks to Liquidity Network?
In other words, what difference will you get thanks to Liquidity Network? Why use this project instead of the projects that are already established in the market?
Well, these questions are valid and I will answer them in a very simple way: In Liquidity we can count on many new features that make it an extremely incredible network and that can leave behind many methods of operation of transactions behind, Liquidity has an incredibly large scalability, capable of processing millions of transactions instantly and, not only that, thanks to these transactions will be created under the Blockchain of Ethereum, your security is completely safe thanks to Blockchain technology.
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0 fees? What does that mean?
Something very important within this network is the possibility of making transactions without having to worry about fees, in current networks are charged fees on the transactions you want to make, which is done with the aim of encouraging the miners of the network to keep it active, these fees can vary depending on the urgency of the transaction, if you place a substantial fees on the transaction, the transaction can be verified much faster, the opposite would happen if you place a low fees , this is how the fees system works in the Blockchain of Bitcoin.
In the Liquidity Network this is not necessarily so, in this network you can make instant transactions without the need to pay fees for the transaction, this in itself is a gigantic advantage compared to other payment methods used because it avoids the need to go through "unnecessary" expenses when transferring our money to someone else, this is thanks to a feature of this network, which was called "Nocust Hub".
Meet Nocust Hub and REVIVE.
In Liquidity Network there are 2 fundamental factors that make this incredible network stand out from the rest, demonstrating its superiority and allowing the current Blockchains a new way of processing all the operations that are carried out within them, making the trading space much better for new investors who wish to enter this new market and offering new advantages/characteristics to people who are already established in the market.
To explain briefly what Nocust Hub means and what this feature is for, first of all, Nocust Hub means "Non-custodian", to explain it in a simple way, thanks to this feature you can make transactions outside the Blockchain, these transactions will be made using the bandwidth and latency of your Internet connection, ie your general Internet connection, through the use of this type of transactions you can avoid the costs that you would be charged by the Blockchain for that transaction.
A comparison of Liquidity Network with other conventional payment methods
With everything I have written about Liquidity Network, it is enough to show that this network is an incredible implementation that would greatly improve the potential of the current Blockchains, greatly improving the way users interact with this technology and attracting many more investors to this new market in constant evolution.
Liquidity Network is much better than current conventional payment methods and offers users a more convenient and low cost way to make transactions under the security of Blockchain technology and with a fully visible transparency for all people with Internet access and the Blockchain used by Liquidity Network, the incredible Liquidity team made a graphical comparison using the current frequent payment methods, with this illustration you can have a more general idea about why to implement Liquidity Network in the current Blockchains (with the exception of the Blockchain of Ethereum, which is where Liquidity is being implemented mainly)
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I'd also like to introduce you to the Liquidity Exchange.
The team of the Liquidity Network project, together with the incredible network they created, seek to create a new exchange called Liquidity Exchange, this exchange is a decentralized exchange that will work under the network of Liquidity Network, taking advantage of all the advantages that this offers to the current Blockchains.
One point to keep in mind about this exchange is that it is totally decentralized, almost all exchanges found in the current market are centralized, which means that not only you have total control of your funds, which is totally removed if you start using the Liquidity Exchange.
Decentralized Exchange? How does it work?
For people who are not so familiar with the term or the idea, I will quote a definition given by the cryptocompare people, is as follows: "A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process." Source
Thanks to a decentralized exchange that uses Blockchain technology, you will have greater security and general exchange hacking will be impossible because neither the funds nor the user data are stored in any database, which does exist in centralized exchanges.
How does Liquidity Network use its network on this exchange? What does it mean to make use of the network within this exchange?
Thanks to the incredible network that is Liquidity Network, creating a decentralized exchange using this network is not a utopia because the way in which Blockchain technology is applied to an exchange will not vary so much if the Liquidity network is used.
In the Liquidity Exchange no person's funds will be kept, that is to say, being a decentralized exchange, your funds will always be completely yours and no other person has power over them unless you grant your private keys yourself, in the exchange they will never be able to commit your private keys since they will be backed up under the security offered by Blockchain technology, security that is currently impossible to compromise or hack in any way.
Thanks to the use of the Liquidity network, the exchange will be able to function even in congestion, as I mentioned earlier, the scalability of Liquidity is incredibly, also being able to support millions of transactions instantly, but, you will ask yourself: "How can the exchange function even in congestion? Well, this exchange can still be kept operational thanks to the Liquidity network and the way in which transactions can be carried out through REVIVE, transactions can be carried out outside the Blockchain, which represents an advantage at the operational level and also in a professional way.
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Use case
John is a person who has been in the cryptocurrency market for a long time and considers himself a professional trader who knows how to operate in these markets, which, in order to be able to do, he must keep his money in cryptocurrency exchanges, which for him did not mean a risk since he trusted his money in the security of these exchanges. One day John wanted to carry out some operations and the exchange denied his request, the exchange was completely down, the exchange was experiencing a server crash at that precise moment and no user could carry out transactions, something that many users criticized and, when requesting evidence of what was happening inside the servers, It turns out that the exchange was compromised and the funds of many people within the exchange were compromised, John was not affected by this fact and quickly kept his funds within his wallet to keep them as safe as possible, he did the same with the money he had in other exchanges as these also represented a potential risk.
One day John was surfing the Internet and meets Liquidity, a network that promises to improve the way in which transactions operations in a Blockchain, solving scalability problems and counting on the possibility of processing millions of transactions instantly, at the same time he discovers Liquidity Exchange, a decentralized exchange that does not need centralized servers to be able to offer its services to users, which means that they do not store the user's data in any kind of database, ensuring that the user's funds are only for the user, since he is the only one who has his private keys, since then, John can exchange his cryptocurrencies in a much safer and faster way thanks to the Liquidity network and the exchange itself.
Conclusion
Liquidity Network is an extremely incredible network that allows users of Blockchain technology to appreciate a much faster and scalable form of operation, solving problems such as the Bitcoin Blockchain has when it is congested, thanks to Liquidity Network these problems will be much less frequent and will be totally fixed, and together with the Liquidity Exchange, users can exchange their currencies through the use of an exchange that is backed under the incredible features offered by the network of Liquidity, which opens the opportunity for another way to exchange currencies and make transactions.
The team
Roadmap
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Links about the project
https://steemit.com/crypto/@originalworks/2500-steem-sponsored-writing-contest-liquidity-network
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