Lattice Exchange: An Evolution of Decentralized finance
The term "DEFI" has been the most used term in the world of digital currency in the past few months. Defi simply means "Decentralized finance". It is a broad term for different applications under the blockchain platform, aimed at making financial transactions control is not just restricted to a particular entity, it allows transactions history to be available to several entities.
Having a single source of control can in many ways slow down transactions, centralized systems of operation limits users control over their assets. So, in the place of a centralized systems, the Decentralized finance is coming up to change the face of things, offering users more control over their assets.
Decentralized Finance brings about freedom, it allows an individual to transact freely without an external aid. It also provides investment opportunities to people with high profit much better than the centralized systems.
Despite the juicy benefits and advantages of the DeFi system, it also came with its own challenges. Few of such is it's high transaction charges, delayed transaction time and it's limitations in data processing.
Recently, it was observed that the ethereum gas few suddenly went very high to as high as $30 per transaction, this increase was traced to the emergence and high acceptance of the Decentralized finance. It also have issues with transaction processing, sometimes it could be failed transaction, at other times it might require a user to increase the transaction gas fee before which the transaction could be processed.
Considering the issues that the Decentralized finance has and comparing it with its advantages, one will agree that the Decentralized finance still remains a good initiative, but to further increase its acceptance and usability, it is important that it's few issues be looked into to find a way of fixing it.
LATTICE EXCHANGE
Lattice exchange is built on the Decentralized finance platform, the exciting news is that, it fixes all forms of issues already known with the current Decentralized finance, it has answers to virtually all the challenges known with DeFi.
Lattice Exchange is a decentralized finance (DeFi) application, it is built with Ethereum and Constellation’s Hypergraph Transfer Protocol (HGTP).
Lattice Exchange solves the problem of high gas fees that comes as a result of using Decentralized finance. This is made possible through the use of interoperability of Ethereum and Constellation Hypergraph Transport Protocol (HGTP), it will in turn bring about a faster transaction, and low transaction charge. Check out the white paper here
Constellation Hypergraph Transport Protocol is a sure communication tool used to connect various applications through easy tokenized data, the inclusion of this protocol to lattice exchange will enable the processing of large number of transactions successfully without issues. Lattice Exchange is an Hybrid form system which seeks to bring about scalability and larger transaction capacity to the world of decentralized finance
Lattice exchange has it's own native token with ticker (LTX). This token will serve as the governance token, it gives it's holders certain rights such as use for transaction fees.
Lattice Exchange will in so many ways bring about improvement in the Decentralized Finance initiative. Read more on the website here
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