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The Liquidity Ecosystem
Liquidity Network
The core innovation of this disruptive technology Liquidity Network is a new protocol outside for off-chain transactions, whereby clusters of users called hubs can compete to attract end users and merchants
To encourage and attract more users, the Liquidity Network launches a project where the main objective is to connect with and interact with the community around the world. Therefore, the Liquidity Network wants to be always available and open to suggestions or doubts that may arise.
The success of the Blockchain Technology is linked to the mass adoption, the Liquidity Network goal is to get on board as many users as possible by providing the best user experience.
Liquidity Network components:
NO-CUST
The NOCUST is a secure platform which allows users to instantly send and receive off-chain payments. It is an improved transaction utility in 2 layers
NOCUST allows a set of participants to transact safely in a single payment center.
NOCUST escalation solutions solve all problems.
A payment center based on NOCUST allows its users to carry out transactions outside the chain, without touching the blockchain and without trusted third parties. It has the advantage of having an instant transaction confirmation (no more waiting) and zero transactions costs (not only stable but also non-existent). It can also reduce the load on the blockchain and, therefore, can scale to billions of transactions per second.
The Liquidity Network captured the receptivity of over 70,000 attendatnts to a confference for thein Lisbon at the launch of this new technology, capturing the receptivity of the community in this project.
REVIVE
It globalizes the integral part of Liquidity Network and adm its that different hubs equal their respective balances.
Revive is a protocol that keeps balancing the balances of intermediaries in a payment network, it addresses the privacy concerns of public Blockchains.
The Liquidity Exchange
The Liquidity Exchange is an off-chain exchange without funds custodians. The Liquidity Exchange is designed for not holding any funds (no-custodian) while exchanges are made outside the chain. As such, the exchange is resistant to blockchain congestion and excessive transaction fees.
Liquidity Exchange offers small and medium businesses the opportunity to grow by granting them the opportunity to enter the crypto ecosystem. It provides a tool that allows them to find the right customers and also connect with other potential business partners.
Buyers have the option of obtaining products and services from a wide range of interested suppliers through liquidity exchange. As a seller, the system provides you with a wide range of authorized purchase orders pending compliance. Vendor bills can be refinanced or insured, they also have a complete set of automated credit control tools to help them keep track of their credit and accounts receivable orders.
Liquidity Exchange is one of the 500 best accounting software products.
Novelty
PAYMENT CHARACTERISTICS
This striking project is an alternative for the transfer of assets through the Ethereum Blockchain, allowing to eliminate the great processing time needed to perform all transaction confirmations.
This new off-chain system allows users to move their funds that are securely stored on the Blockchain, and to pay with cryptocurrencies eliminating the costly fees and excessive waiting intervals.
EXCHANGE CHARACTERISTICS
Through this trusted environment it is possible to exchange assets of any kind, not just virtual currency.
Credit transactions, such as loans, are made instantly within a hub of users.
ARCHITECTURE
The Liquidity Network uses a protocol that allows a series of bidirectional and multilateral off-chain payment channels. It comes to solve the scalability present in the Ethereum network. The Liquidity Network can be seen as a decentralized system for instant and high volume micropayments that eliminates the risk of delegating custody of funds to third parties.
Liquidity Network solves the scalability problems of blockchain networks and the high commissions they generate.
"No rigid locked funds".
"Simple design and routing".
“Establishment of free and instant channel”.
"Atomic swaps outside the chain without custodya".
The novelty of this Liquidity Network technology is that it is designed to be based on several central hubs, within these hubs, users can transfer assets between any other person. Also, users from different hubs will be able to exchange funds through already known payment channels.
A HUBS NETWORK
A Hub Network receives a signal from the source, amplifies it and sends it to multiple destinations or computers, unlike a router. Basically, it is a network device that uses multiple devices, such as computers, servers, etc. between them and makes them operate as a single network segment connecting to the Liquidity Network payment network.
Anyone can operate a hub using the Liquidity node software
THE LIQUIDITY NETWORK IS NOT CENTRALIZED
With the popularity of cryptocurrencies, the need for new spaces where to mobilize, negotiate and safeguard them was also impelled. Exchange companies appeared as the main channels to negotiate with cryptocurrencies and exchange them for FIAT money or other cryptocurrencies, which over time have been incorporating various functions.
These new exchange platforms began to function as centralized companies, with characteristics similar to those of a bank, despite the fact that, by anatomy, cryptocurrencies are conceived as decentralized. However, the growth of the ecosystem itself has led to the advancement of decentralized exchange platforms.
Two categories of exchange platforms have been developed: centralized and decentralized, each with particular characteristics and properties.
Regarding Liquidity we have the following properties:
1. A user owns at any time its funds (with the private key). Not the hub operator or any other entity can “steal“ the users' funds. A hub is not a bank nor a custodian.
2. Liquidity is designed such that many hubs can be interconnected in a network of hubs to provide redundancy, similar to a network of Lightning peers.
3. A hub can choose to not forward payments. If that were to happen, the user can simply remove his funds from the hub’s smart contract, which the hub operator cannot prevent. The user would then join another hub.
Product
WEB AND MOBILE WALLET
The priority in Liquidity Networks to attract more users to increase the Liquidity community and thus be aware of the needs, tastes and location of each of them, with the Liquidity Network and the application in the interface, just by sending a private message with the address of your wallet to @liquiditynet earn token.
Download the Liquidity mobile app on Android or IOS to take your photo and show us where you are in the world.
Killer Applications
AIRDROP POWERED BY LIQUIDITY
The Liquidity Network has become quite popular with the launch of events and the participation of countless users from around the world. If you want to participate simply leave your participation in the different communities, at this time the number of communities has increased significantly, choose the tokens that are distributed to the participants of the community.
This participation has no cost
You are free to invite new participants and get the community to continue growing, all with no additional cost.
USE CASE — MONEY TRANSFER
Joe is a card game enthusiast, he was invited by a friend to subscribe to a page that operates under blockchain crypto technology and joined a community that specializes in card games. Joe had the opportunity to show his skill and to obtain tokens that have real-world value for the obtained victories, with only using his private key to sign and off-chain and instant transaction, he can transfer the tokens he earnt to somebody connected to the same hub in the Liquidity Network.
USE CASE — IoT SENSORS
Not only Joe takes advantage of the blockchain technology, but his family has also installed a sensor that works under IoT that detects the movements that may exist in its absence and capture the different types of temperature present in a given station to properly manage the cooling and the warming systems of the house. Those sensors require periodical crypto payments to cover their operating costs and it is Joe the one who is paying them thanks to the crypto earned with the card game.
NON CUSTUDIAL OFF-CHAIN EXCHANGE
The Blockchain Technology in unstoppable, despite the bear market, on 2018 the number of crypto users increased by two folds. In order to handle an ever-increasing number of crypto enthusiast a platform such as the Liquidity Network. On the Liquidity Exchange, users will be able to trade any ERC20 token without the need of paying any gas. They also will enjoy no waiting periods since the transactions are instantly confirmed by the hub operator.
Market
ADDRESSABLE MARKET
The Blockchain Technology has many application fields, it might become a ubiquitous technology in the near future. Assessing this great opportunity, the Liquidity Networks is designed to operate on the early stages onto the Ethereum Blockchain, but it could operate smoothly in any other major Blockchain.
COMPARING THE LIQUIDITY NETWORK WITH CURRENT PAYMENT SOLUTIONS
Roadmap
LQD Token
TOKEN
The LQD token is designed to establish a standard token within the Liquidity ecosystem. The Liquidity Network team will offer an audit service for its users, in case they wish to add extra security layers to prevent denial of service attacks and hub unavailability. Payment for this value-added monitoring service will only be accepted in the form of LQD tokens.
To personal users LiquidityNetwork provide a free public service of high quality with the possibility to buy extra features, and for commercial users and high-performance payment system. The remuneration for access will be paid in the form of LQD tokens thus creating a network effect where the hub operators participate openly to participate and compete, thus increasing the value of off-chain payments services.
The LQD token will provide access to the infrastructure and services deployed and developed by the Liquidity Network team. The utility of the LQD token as a payment method for accessing the extra features will increase as the market grows, as more and more members want to pay and provide their services in exchange for LQD, forming a network of service providers and processing payments that seek to grow at the same time.
Team
Source
More Information & Resources
- Liquidity Network Website
- Liquidity Network Wallet
- Liquidity Network WhitePaper
- Liquidity Network NOCUST Paper
- Liquidity Network REVIVE Paper
- Liquidity Network Telegram Group
- Liquidity Network Blog
- Liquidity Network Telegram Announcement
- Liquidity Network Twitter
- Liquidity Network Github
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This is the entry for @originalworks contest.
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