Cryptocurrency is the future.
We are living in times when the needs of modern finance and the complexity of mans business dealings require flexibility that government-issued paper money cannot provide. There is great need for trustless trades, fee-less transactions and transparent systems. It is the time for Smart Contracts.
With the blockchain, value can be assigned to concepts of value. And this value can be spent (crypto currency). Many exchanges provide a way for users to get access to their desired cryptocurrency but most do not provide financial services that highlight how cryptocurrency can be used instead of fiat. This greatly impedes the momentum of adoption.
Liquidity Network plans to remedy that.
WHAT IS LIQUIDITY NETWORK?
Liquidity Network is a platform of interconnected hubs that will allow users perform instant and fee-less crypto transactions using side-chain technology.
Liquidity Network has two major components
NOCUST HUB and REVIVE
The NOCUST hub refers to the network of hubs that users can connect to and perform transactions. Rather than transact on the main blockchain and encounter high fees due to traffic, users operate on non-congested side-chains which will allow instant transactions at zero-fees.
Users on different hubs can also transact using side-chains
Liquidity REVIVE is a mechanism or built in protocol that will sort and balance out all the transactions made on the side-chains then update them to the main blockchain. This will prevent double-spending, fraud or cheating on the system. Revive also conducts checks on the network using Checkpoints. At every checkpoint the system does a self-audit to make sure all the users are being honest.
Liquidity Network can be accessed by use of its wallets. Liquidity Network has a Web Client Wallet, and mobile wallets for the popular operating systems.
You can Download the Liquidity Network Mobile Wallet for IoS
or
Download the Liquidity Network Mobile Wallet for Android.
The wallets are pretty easy to setup and use.
ADVANTAGES OF USING LIQUIDITY NETWORK OVER OTHER PLATFORMS
Liquidity Network guarantees many features that will not only boost user satisfaction, but will protect the user from threats.
- Liquidity Network is a Non Custodial platform. Unlike other platforms, users don't have to move their funds to a central wallet to use liquidity's services. This greatly minimizes exposure and risk to users. It also achieves true decentralization because users are the only ones with knowledge and access to their private keys.
- Liquidity Network is a global marketplace. Rather than join different exchanges to trade different tokens, Liquidity Network allows clients to search a global database for their token of choice and directly trade with the sellers using smart contracts.
- Liquidity Offers Diverse Financial Services. Most exchanges are simply for exchanging tokens. Liquidity goes beyond that. By utilizing the noCust feature, users can explore many options and employ them in their business dealings. These uses can include Digital Goods, Digital Payments, Rental Services, Purchases, Merchandise, Blockchain Applications and many more only limited by the users creativity.
- Liquidity Network is Scalable and Faster. While tradition blockchains like Ethereum perform at a paltry rate of 13 transactions per second, the side-chain hub system of Liquidity Network allows it to be scalable and withstand an amazing 10,000 transaction per second traffic.
- Dispute Resolution. In the event of a fraudulent node/user, the Liquidity system can roll back checkpoints and shutdown compromised hubs.
- Cross-Blockchain Support. Liquidity Network is built on the Ethereum blockchain but has been designed to be compatible with Ethereum Classic and even Bitcoin.
LIQUIDITY TOKEN
Liquidity Network has its custom token that will be used to power operations on the network. It may also be used to reward nodes for useful activities.
CONCLUSION
Liquidity Network is presenting a "non-custodial 2nd-layer financial intermediary that can securely facilitate payments between participants in its off-chain network". Liquidity utilises hubs to provide liquidity to users and side chains to facilitate fee-less transactions. Liquidity also empowers the user to become it’s custodian vis NOCUST. These attributes are not found in your every day exchange. Liquidity Network is unique and better positioned to aid adoption of cryptocurrency that its competition.
You can find out more about Liquidity Network by visiting the Liquidity Network Website.
For those who are interested in the underlying programming mechanisms you can check out the Liquidity Network WhitePaper, the Liquidity Network NOCUST Paper and the Liquidity Network REVIVE Paper. They are all very detailed.
Liquidity Network is also active on social media and you can easily contact them on
Liquidity Network Telegram Group
Liquidity Network Telegram Announcement
Liquidity Network Twitter
Liquidity Network Reddit
Liquidity Network Facebook
You can also follow their updates and publications on
Liquidity Network Github,
Liquidity Network Blog and
Liquidity Network Medium.
This article is a submission for the @originalworks writing contest held here.
lqd2019