Blockchain technology since after the Mt. Gox incident and other hacking of centralized cryptocurrency exchanges and stealing of assets, have proven that the ecosystem requires a major improvement on the part of safety of assets. Several safety analysts have been so far working on different types of solutions to the risk assessment systems involved in exchange of cryptocurrencies. The evolution of decentralized exchanges was a move to proffer solution to security of user assets which was inherently an issue of concern to the new entrants to the blockchain and decentralized ecosystems.
Liquidity Network provides a solution that is more innovative than conventional solutions which have been brought about, by utilizing anon-custodian off-chain payment structure, secures by the blockchain with the speed of centralized systems.
Liquidity Network Off-Chain Hubs Solution
Before now, transactions on the blockchain requires mining confirmations which incurs costs which increases when there are several transactions occuring at once on the blockchain, it leads to clogging and increased transactional costs. Liquidity Network‘s innovative approach utilizes off-chain hubs to ensure speedy transaction and an on chain security system in which all users have total control of their funds.
Asides the fact that members of any particular hub can transact with each other at low cost off-chain, different hubs also have the ability to make transactions and also rebalance channels using the Liquidity Network architecture.
Benefits of Having Control over your Private Key as in a decentralized service while computing is handled by an efficient Centralized Server?
Security:
The security of assets is one of the major benefits of having total control of one’s private key as innovatively introduced by Liquidity Network , this enforces trust on the services, allowing for recommendations which will lead to massive adoption of blockchain technology.
Instant Transactions:
The speed of transactions enjoyed by centralized servers is another benefit in which Liquidity Network provides to their large community of users, these will lead to other innovative add-ons and ensure scalability with other blockchains asides Ethereum network.
Transparency:
All transactions on the Liquidity Network are recorded and auditable Liquidity Network WhitePaper
Use Case
Carl is an investment banker, working with a Company that sends interests of investments to Clients every month,each month, Carl has to spend hours computing the required amount for each client and spends extra money of the company in paying for transactional costs.
Henry, his friend comes across Liquidity Network and explains the ecosystem to Carl, who in turn tells his boss about it.
He created a Smart Contract on the Liquidity Network ecosystem and added all of his Clients to a particular hub, now both Carl and all of his clients are enjoying the security of transaction and instantaneous swaps at no transactional cost.
RoadMap:
For More Information and Resources, Please follow any of the links below:
• Liquidity Network Website
• Liquidity Network Wallet
• Liquidity Network WhitePaper
• Liquidity Network NOCUST Paper
• Liquidity Network REVIVE Paper
• Liquidity Network Apple App Store (IOS)
• Liquidity Network Google Play Store (Android)
• Liquidity Network Telegram Group
• Liquidity Network Telegram Announcement
• Liquidity Network Twitter
• Liquidity Network Github
• Liquidity Network Blog
All images were sourced from Liquidity Network Website and Liquidity Network WhitePaper, unless otherwise stated.
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