The closing of 2018 has not been the most positive for cryptographic technology, not at least in economic terms, and although it already has 10 years of activity on the Internet we can not rush to say that it is an unsuccessful alternative to conventional systems of centralization that currently govern most of the activities of our society.
In fact, and clarify that I am not an expert reading graphics, but based on the behavior of bitcoin in recent years, I would say that the cryptography in general represented in the bitcoin as the mother currency, has just begun to take off, although with an atypical impulse manifested at the end of 2017, and for which we feel these "negative" effects, I believe that it is the time where the encrypted transfers, the chain of blocks and decentralization will begin to make pressure based on innovative and useful projects for the benefit of our community. Therefore this year is hard work, constant and persevering in favor of the improvement of this technology that seeks to bring prosperity and balance to humanity.
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Then, following this path of entrepreneurship in the blockchain, projects that bet on improving this technology and making it easier to adopt them continue as shown by Liquidity Network, the new financial exchange platform that works under 2 technical novelties.
What is Liquidity Network?
A cryptographic exchange network that performs operations outside the blockchain thus achieving a centralized redimiento and no custody of the transactions. To achieve this, Liquidity relies on 2 major innovations Nocust and Revive liquid hub, technical tools that make the capacity of Liquidity a scalable network for millions of users, with advantages such as speed of transfers, easy handling, unlocked money, security and transparency, Privacy are some of the benefits that differentiate this platform from other exchange.
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Nocust hub capacity for instant transactions and low cost in the chain
As already mentioned, Liquidity works with instant transfer, for it uses the off-chain centers that are connected through a network of payment channels, thus allowing transactions outside the bank, avoiding the wear and congestion of the blockchain and the waiting time. of the confirmations and records in the blocks. Since the transactions are outside the chain and cost and speed of the exchanges are reduced considerably, also allowing the connection with different users in different hubs.
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Money is in non-custody mode, and the user has control of their funds at every moment by means of their private key, which implies that they can change hubs or withdraw funds from any hub at will, the money is not withheld by none of the centers.
The mode of fast and low cost transactions are maintained with Revive
The payment channels have a durability, for a longer duration of activity Liquidity uses a technical support that allows to rebalance these channels and thus maintain the service of instant transfer and at low cost in the network.
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The payment channels have a durability, for a longer duration of activity Liquidity uses a technical support that allows to rebalance these channels and thus maintain the service of instant transfer and at low cost in the network. With the help of intelligent contracts, it is guaranteed that users' funds are safeguarded during these processes, thus reducing the risk of loss of funds.
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Secure transfers outside the chain can be seen in the atomic mode with which they are made, that is, the property that an operation is executed or not as a function of all the intermediate steps being fulfilled for said operation, otherwise it will not be executed, in this way the money will not be lost in connection processes.
The vision and advantages of Liquidity Network are clear, by connecting the blockchain with centralized processors allows you to gain scalability and speed for users, thus reducing the costs of transfers and opens possibilities to make payments of small amounts, instantaneous and with the confidence it offers a blockchain.
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The Liquidity Network ecosystem promotes decentralization through the LQD token for high demand services, that is, a special access to the network, the benefits of rapid and low cost transfer is free for regular users, but for projects Those interested in the network are encouraged through the use of LQD, in this way decentralization is adapted with the use of tools of a centralized nature. The creators of hub align to the rules of the Liquidity network as well as developers and project entrepreneurs.
For more information about the structure of Liqudity Network, I invite you to watch the following video, also view and download the different versions of the Liquidity wallet in the operating systems of desktop, android, IOS and tables.
Desktop
https://billfold.liquidity.network/
Mobile
Liquidity Network Wallet - IOS
Liquidity Network Wallet - Android
A brief case of application, could be the contrast that exists with the transfer of money between different bank branches, in my country currently the transfers between different banks require a time of 24 hours to confirm the operation, so that hinder buying and selling businesses that want to be done instantly, with a system such as Liquidity Network this obstacle is eliminated, and active users in this network can transfer from different hubs, making instant payments
The overall objective of Liquidity is to incorporate a joint work of the blockchain, reinforcing the weak points with centralized and innovative tools, expanding efficiency and security in the use of cryptocurrencies.
More Information & Resources:
- 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
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