Gold Financial Blockchain March 3 hearing another Ethereum expansion solution has been launched in the test network.
Local time Friday (March 2), Liquidity.Network has officially announced its launch on the test network as the latest alternative to Ethereum's Raiden Network project, which seeks to bring this second-largest global value Blockchain deals are moved to payment channels, thereby increasing Ethereum penetration and usage.
Similar to the well-known bitcoin lightning network, Liquidity.Network is designed to help Ethereum users increase their exchange speeds without having to pay for the transfer on the blockchain. In short, users only have to pay for the opening and closing of channels without concern for what's going on between them.
Liquidity Network is building a relatively new out-of-network network for Ethereum that could offer alternatives to the famous lightning network development. Of course, also marks that many people may prefer to see the industry competition.
It is also worth mentioning that the Liquidity Network solution leverages the Revive technology introduced last year and is a better and more affordable way to handle out-of-the-way transactions.
Arthur Gervais, a professor at Imperial College London and co-founder of Liquidity.Net, said:
"We've provided a payment center that allows you and anyone to make two-way payment transactions, at least for Ethereum, a major breakthrough."
According to Gervais, they have now deployed an alpha release on the Ethereum Ropsten test, hoping to capture the interest of early testers and developers. Like Lightning Network, Liquidity.Network also issues a digital token to fund development efforts and support agreements. However, the token is still in the pre-sale phase and is not necessary for the entire network.
The significance of this launch of Liquidity.Net is to lay the groundwork for a new out-of-pocket payment network. In addition, Liquidity.Network also introduced the first Ethereum test wallet to support the sending and receiving of transactions. But according to Gervais, the wallet is not designed for real Ether-at least not now-it's just for generating and accepting virtual currency on the test network.
Still, Gervais is still excited about the "hub" role played by Liquidity.Net as it connects different users and facilitates two-way transactions with each other. In fact, this is precisely the key technological innovation of Liquidity.Network, and it is different from other expansion projects.
More importantly, the creators of Liquidity.Network have begun to look beyond the payment industry. Because it can be used on the Ethereum blockchain, Liquidity.Network hopes to develop more sophisticated applications.
For example, after Ethereum Network is compatible, Liquidity.Network hopes to increase its support for ERC-20, which in turn will increase the scalability of these networks. And that's exactly why Gervais is pushing Liquidity.Network into Ethereum's blockchain, concluding:
"We are going to be ready for the mainnet in the next three months and we're working hard to achieve that."
