Hello friends of the steemit community, I hope you are having an excellent start to the year 2019 because with these new insurance information will be much better lol. This is my participation for the contest of @originalworks that this time is funded by Liquidity Network, I hope you like it and if you want to be part of the contest you can click here.
Okay, let's talk a little about what Liquidity Network is:
Well, we have before us an innovative technology, never before seen since we can have the best of the centralized computational benefits but with a totally decentralized nature. Liquidity Network is a simple, private, scalable network and also transparent that was created on the Ethere um network in order to support millions of users around the world and to achieve a general adoption.
Exchange of liquidity:
In liquidity network we can find several applications which have millions of developers and investors for their full development, one of these applications is the exchange of liquidity which has been since the beginning of the Liquidity Network.
Liquidity Network by combining the best of the computational functions of the centralized network and the pure nature of a decentralized network make exchanges have the speed of a centralized exchange but with the total security of a decentralized one.
It is difficult to understand but later we go deeper into the subject, for now I want you to mention that the Liquidity Network is based on the synergy of two important key components to highlight which are:
- The NO-CUST liquidity center.
- The Revive.
No - cust Hub:
No - cust is a derivative of the expression or phrase ''without custody'', this allows to make exchanges outside the chain renouncing costs that are associated with chain transactions. The number of transactions made per second will only depend on the speed of the internet that you have at the moment.
Thanks to this we can deposit our cryptocurrencies without any problem with any other user of the network within the intranet obtaining as a consequence a greater speed and lower cost when making an exchange.
REVIVE:
It is an integral part of the Liquidity Network and is an algorithm that allows different Hubs to rebalance their payments out of the chain.
The transaction cycle:
In Liquidity Network transactions can be between 2-part channels or in N-number payment channels, then bipartite payment channels:
A directional: A part of the active is sent as a guarantee of the receiver.
Two directions: The active moves between two parts in both directions. A limitation occurs when one of the parties invalidates the transaction and the other party steals the money.
Bipartite payment centers: Here the two parties are involved in where the assets are sent to each other at the same time.
Linked payments: This occurs when the two parties are not directly connected to the network.
Very well we already knew the bipartite payment channels, but I still need to talk about the N- party payment channels:
This is a process that occurs only when more than two parties are involved, reducing the amount of computational power required and resulting in excellent results such as higher speed, more affordable transactions and allowing more users in the concentrator.
Private keys bring control where each user or key owner can create a home exchange and integrate into it to millions of users. Functioning as a payment center which can be created by anyone.
Wallet:
The wallet application is constantly being updated and improved, although the good news is that we can use it in a computer as well as in smaller mobile devices. The application is available to be downloaded through google play store for Android smartphones and Apple App Store for iOS users.
In addition to this, we can also try a web application that we can enter doing click here although it is still in its beta phase.
For more information:
Liquidity Network Website
Liquidity Network Wallet
Liquidity Network WhitePaper
Liquidity Network NOCUST Paper
Liquidity Network REVIVE Paper
Liquidity Network Apple App Store (IOS)
Liquidity Network Google Play Store (Android)
Liquidity Network Telegram Group
Liquidity Network Telegram Announcement
Liquidity Network Twitter
Liquidity Network Github
Liquidity Network Blog
lqd2019