Liquidity Network instantaneous and decentralized payments
The bitcoin has just turned 10 years since its launch on January 3, 2009, and today the technology that supports its value is maintained and outlined as a system that can make great contributions to humanity, from a general approach if we consider the structure of the block chain and the organization it can offer, it is evident that its use is applied to problems of a community nature, thus encompassing complex processes of economy, health, technology, society, market, among other activities related to the interactions of multiple components.
Perhaps two of the most important ideas of the blockchain culture are the autonomy of the individual and the confidence in the interaction, the new projects based on decentralization focus on optimizing these characteristics, simplifying complex tasks and refining the processes that give greater opportunity and security to the user, as well as efficiency in the management of the platform. The subject presented below follows this direction, focusing its efforts on improving the weak points of cryptoactive transactions and thus massively adopt this system.
Source: Whitepaper Liquidity Network
Liquidity Network is a financial exchange platform, with instantaneous payments and transfers and the security of a blockchain. Liquidity combines the power of registration of decentralization with the speed of centralized operations through payment channels and the rebalancing of these. One of the disadvantages of the block chain is the transmission in the network, the transactions take time to execute due to the confirmations, the registration of them in the blocks, and the saturation of the operations, besides it implies rates that are typical of the wear and tear of the infraestructure of the network.
Faced with this situation Liquidity proposes solutions through two mechanisms: Nocust and Revive
NOCUST
It is an intermediary operation without custody carried out outside the chain, and making use of the payment channels, basically means that 2 users can commit to make a series of payments signed by both parties in an out-of-chain address, without the need of confirmations and atomic form, the initial and final transaction is recorded in the chain as shown in figure 1.
Figure 1: Credits
This principle is applied massively through a network of payment channels, for multiple transactions between users, even for those who are not connected by a channel.
Revive
The payment channels once closed, it costs to open them again, as you can see from the previous figure, opening a new channel means making an initial cost for the interested parties. Revive is a protocol that allows rebalancing these channels in an economical way and without congesting the chain, maintaining some useful routes of instant transfer.
Source: Whitepaper Liquidity Network
These techniques in Liquidity Network are the fundamental skeleton of the operation, which allows to have and connect several hubs in a network, so that users can make instant transfers from different centers, with wide advantages that are summarized below.
Liquidity Network advantages
)
Payments and exchanges outside the chain.
Total control of the funds.
Transfers of small amounts.
Design simple.
Privacy & Security.
Small fees.
Scalability.
In order to reach everyone, Liquidity Network offers its services for web and Mobile Wallet
Source: Whitepaper Liquidity Network
Liquidity Network uses Airdrop as a spreading effect that increases the possibilities of bringing liquidity to the whole world, millions of people making instant transfers with cryptocurrencies, adopting the blockchain quickly, easily and efficiently for the market, with atomic transfers, instant liquids , decentralized, with very low costs and the security of ownership of funds and transmission that we all need.
More Information & Resources:
- 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
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