Liquidity Network
The Liquidity Network is an innovative application that facilitates millions of users the commercial exchange of digital assets through secure transactions. It eliminates the large processing time required by other platforms and allowing payments and transactions without high fees for moving your money from one place to another (exchanges, purchases, etc).
It allows the user to hold their funds without intermediaries such as banks or custodians. It is also designed so that several users are connected in the network and will allow them to join one or another network at the time they so choose.
Liquidity wallet is accessible through the web and mobile applications for androids and IOS adaptable in all industries, allowing instant transfers of money without the need for bank accounts. It is a free tool, in which the user will pay the minimum transaction costs that are necessary.
The Liquidity Network offers users the ability to make payments and transfers with zero commission in a minimum amount of time, and access to an user-friendly platform with many innovative features. These have allowed it to have sustained growth, turning Liquidity into a strong competitor for other companies with the same objective.
The Liquidity system is combined by two highly innovative solutions, NOCUST and REVIVE, allowing the rebalancing of the payment channels that are outside the blockchainchain.
REVIVE
Revive allows users to have secure access to payment channels, with the exception of cases where disputes arises. On-chain transactions are not required, therefore increasing the scalability of existing blockchains and reducing the operational costs of blockchain-related projects by orders og magnitude.
The Liquidity Exchange
The Liquidity Exchange handles transactions that take place off-chain. It is designed to not maintain the user's funds (without custody) providing more security than traditional crypto exchanges.
Here are some of the advantages offered by the exchange:
- Enabling micropayments Transfer (SVT) Low cost per transaction.
- Instant payments and exchange Send and exchange Crypto instantly. No waiting time.
- Without blocking of funds, the allocated funds can be used to pay any other member of the Liquidity Network.
- Simplicity: Simple design, avoiding complex routing.
- Transparency: transactions are auditable.
- Privacy.
- Security, Payments are insured by the blockchain.
- Payments and exchanges are insured by the blockchain. Funds owned by the user at any point.
- Flexible rates Fees paid by either the sender or the recipient.
- Generic Built in Ethereum. Portable to any smart blockchain contract.
- Peer reviewed research Works published in the largest academy.
Computer security conference (CCS 2017).
- Enabling micropayments Transfer (SVT) Low cost per transaction.
- Instant payments and exchange Send and exchange Crypto instantly. No waiting time.
- Without blocking of funds, the allocated funds can be used to pay any other member of the Liquidity Network.
- Simplicity: Simple design, avoiding complex routing.
- Transparency: transactions are auditable.
- Privacy.
- Security, Payments are insured by the blockchain.
- Payments and exchanges are insured by the blockchain. Funds owned by the user at any point.
- Flexible rates Fees paid by either the sender or the recipient.
- Generic Built in Ethereum. Portable to any smart blockchain contract.
- Peer reviewed research Works published in the largest academy. Computer security conference (CCS 2017).
Liquidity NOVELTY
New payment features:
New exchange characteristics:
- The Liquidity Network allows any member of a payment center to pay any other member of a payment center at a zero transaction cost.
- Offers instant transactions and off-channel channel establishment.
- Operates with simple routing designs, avoiding complex routing topologies.
- On Liquidity, exchanges are done instantly. Providing the means to support millions of users at the same time.
- Operates under blockchain congestion, provides a more stable and professional service.
- Off-chain exchanges are instantaneous and can achieve commercial speeds of traditional centralized exchanges.
ARCHITECTURE
Liquidity proposal provides users with the certainty that their transactions will be secured by a cutting-edge platform that guarantees privacy, speed and minimum costs. It presents a novel architecture since the funds are no longer blocked between two users, but are accessible to other users. Likewise, the funds are insured by the blockchain allowing granting that the funds will be secured.
ADVANTAGE
The Liquidity Network offers a platform that allows the exchange of money to all users quickly and reliably. It is currently implemented for Ethereum and allows ETH users to instantly trade any token built on the Ethereum Blockchain
With its novel design, the Liquidity Network architecture solves several problematic points of the existing payment channel designs:
There are no funds blocked. Simple design establishment of free and instant payment channels. Off-chain exchange without custodians.
COST-TIME-SECURITY RELATIONSHIP
Current problems in traditional exchange transactions. - The users are custodians of the user's funds since the wallet provider knows the private keys - Lots of transactions with long waiting times - High transaction fees
The LIQUIDITY NETWORK eliminates 100% of current problems through;
- Users have control over their funds
- Payments or instant exchanges without waiting times
- No transaction costs
Is the Liquidity Network centralized?
Three key features grants the ability to claim that the Liquidity Network is not centralized.
- The funds are controlled by the users.
- There is no censorship from hub operators or another party within the system.
- The network has high redundancy since all the Hubs can be interconnected.
USE-CASE Money transfer
Oswaldo carries out bounties from different web pages, for each work done they assign a reward according to the degree of difficulty of each task, these task are payed in FIAT but Oswald instantly buys crypto with a Payment Channel that he has on the Liquidity Network with a friend of his that sells cryptos.
USE-CASE Purchase
One day, Oswaldo went to the mall because he wanted to buy an accessory for the cell phone that he received on Christmas, on the mall he was delighted to know that there was a store where he could pay with Bitcoin.
USE-CASE IoT sensors
Oswaldo was amazed at how the technology maintains high levels of security, since each article from the store had a IoT sensor that changed the light color from an sticker attached to the box of each product when it was payed. All this systems were working with perfect synchrony thanks to the Blockchain Technology.
LQD TOKEN
The Liquidity Network team offers the modality under the LQD tokens denomination, although it still allows other forms of payment. The use of the LQD token will be on the rise as the market grows as more users who wish to make payments or exchanges in exchange for LQD will form a network of service providers that will seek to continue expanding.
What defines the preference of users towards a platform are the benefits that it can offer, such as the security of its funds, the speed at which operations are carried out and the minimum cost incurred. In such a way that the application that covers these needs will definitely be among the most used in this great world of cryptocurrencies.
Roadmap
CONCLUSION
Looking to the near future, online operations will fill the market and will be framed in the daily flow of commercial transactions, all with the objective of reducing time consumption that is effectively translated in the business world as saving money. New platforms that allows easy management of simple interphases that allows an unlimited number of transactions for each user. Applications such as the that provide such benefits such as the Liquidity Network will define quality standards and will lead the services business.
The commercial exchange of assets through platforms that provide security to users is undoubtedly the springboard for the world of cryptocurrencies to fully cover money transactions in the world market. A user-friendly application that provides security, speed and economy in costs is currently represented without a doubt by LIQUIDITY NETWORK, an application that points to standards of excellence and is projected as one of the platforms that offers greater present benefits and remains in the search of permanent improvements.
TEAM
Source
MORE INFORMATION & RESOURCES
- 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 Twitter
- Liquidity Network Github
- Liquidity Network Blog
- Liquidity Network Telegram Group
- Liquidity Network Telegram Announcement
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