Why Liquidity Network?
Have you heard of cryptocurrency? No? what about Bitcoin? or maybe Ethereum?
If you are new to crypto world, you should have heard of at least bitcoin or Ethereum. If you hold some Ethereum or bitcoin, have you ever thought of spending them?
Imagine you want to buy a cup of coffee by paying Ethereum using a mobile apps in a coffee shop. It is cool, isn't it?
Wait.... Problem comes... you wait for 10 min at the counter for payment to go thru. Subsequently you need to pay some extra fee for transaction fee (gas).
Will you pay a cup of coffee which costs you $3 and a fee of $0.05 (example) + standing at the counter for 10 min for the transaction to go thru? ...ermmm... I won't. That is why we need Liquidity Network to help us. Liquidity Network is the perfect solution for almost instant confirmation for micro/small amount payment with no fee. Yes! You heard it right. Instant confirmation & No fee... because it is an offchain solution.
If you run a company & want to give away some airdrops to your supporters. Will you consider to airdrops e.g. 500,000 tokens with $1 value each to 500,000 participants and each transaction costs you $0.05 for the fee? In total, you pay $25,000 just for the fee? Liquidity Network is the solution for airdrops. You can significantly save costs to airdrops token/coins + your recipient receive airdrop instantly if you choose to use Liquidity Network platform.
Whatabout donations? Have you ever thought of donating some token/coins to a charity organisation? If you donate let say $100 worth of token/coins, at the end of the day, the recipient only receive $99.91? The balance goes into transaction fee. What happens if I tell you there is a solution in which the recipient will receive the donation in full amount? Yes. That is Liquidity Network Solution!
The 2 main benefits to use Liquidity Network solution are:-
- Almost Instant confirmation depending on the internet speed/bandwidth.
- Zero fee (for light user)- suitable for macro payment.
There are many more use cases for Liquidity Network Solution once mass adoption happen. Don't be surprised if you walk into a shop one day, you see a sign of "We welcome Liquidity Network Payment".
If you wish to find out more about Liquidity Network, please click on the link below.
https://steemit.com/crypto/@originalworks/2500-steem-sponsored-writing-contest-liquidity-network
lqd2019
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