Decentralized Finance is becoming the new normal in the financial system, as nearly every project is created as a fully DeFi system.
The reason for this is the fact that centralization which was previously in play, has been underperforming seeing as it is ridden with lots of flaws and inefficiencies, which make it impossible for the global system to move forward.
The numerous challenges of centralized finance such as security issues, reduced speed of operation and absence of transparency during operations, has indeed limited the global system, subjecting the world to a system without much opportunity, no wonder it has been difficult for the global masses to break out of the grip of poverty.
As a solution to this, the DeFi industry emerged, with the aim of presenting better opportunities to the global masses, and help them harness the power of the prevalent technologies which are being developed on a daily basis, to improve their living standard and gain financial freedom.
But sadly, the DeFi industry is not without its own challenges, as the different DeFi systems out there, created to help the global users enjoy the numerous benefits of Decentralized Finance (DeFi) are unable to do so, due to issues which have halted its progress.
These issues is as a result of the fact that these DeFi systems are not so decentralized afterall, and so are only able to execute transactions just like centralized systems, which makes them super slow, when it comes to proccessing transactions, expensive in terms of cost and inefficient as it has low transaction throughput, making it difficult to execute multiple transactions at a time, as well as the absence of security.
Another challenge is that both the design and the infrastructure of these seemingly DeFi systems are not as sophisticated as they are supposed to be, lacking greatly in scalability, and so they are unable to deliver the best of services to the global masses.
To solve these problems in the DeFi industry,
MEET LATTICE EXCHANGE - A SUPERIOR DEFI PLATFORM
The Lattice platform is a fully decentralized system that has been developed as a solution to the numerous challenges of decentralized finance, which will make the DeFi industry more beneficial to the global system.
Using improved technologies and algorithms, the Lattice platform will greatly improve the DeFi system, lifting it above the flaws confronting other systems in the industry.
It will make the trading of digital assets easier, secured and more rewarding for the participants all over the world, through its use of techniques and algorithms developed for market making advanced trading.
You are probably wondering how all these will be achieved by the Lattice system, let's quickly explain that.
THE WORKING CONCEPT OF THE LATTICE PLATFORM
Since the major problem of the DeFi system is the lack of advanced infrastructure and improved techniques, the Lattice platform is adopting a sophisticated protocol called the Constellation Hypergraph Transport Protocol (HGTP), that is advanced and possess the different features needed to facilitate the efficient performance of its system.
This great technology adopted by the Lattice system gives it the capability to overcome the numerous challenges of the DeFi industry, with ease, and unlock the full benefits of Decentralized Finance to the global masses.
With its great technique and technology, Lattice solves the problem of speed which was experienced in other systems, by making operations to become very fast, reducing the wait time for the global users.
Lattice makes available the liquidity for digital assets trading which is lacking in other systems, by making use of an institutional-grade AMM algorithm.
That's not all...
On Lattice, the users are also able to develop AMM to suit their assets, which will help them create liquidity, as the Lattice platform supports the creation of different AMM algorithms, all to ensure that the users are given unrestricted access to trading pools and liquidity.
It is also able to achieve the seamless execution of numerous transactions at a time without breaking down, due to its high transaction throughput, all of which are cost efficient, as the users of the Lattice platform do not have to pay much, in terms of fees while transacting on the system.
UNIQUE ATTRIBUTES OF THE LATTICE PLATFORM
Improved matching making algorithms as well as automated market making is also a possibility on the Lattice platform, just to ensure that users of the system enjoy cryptocurrency trading at its best, while making great profits in the process.
Decentralization, which is the core feature of the system, ensures that every user takes part in the governance of the system.
Security on the Lattice platform is top-notch, through its use of revolutionary technologies to ensure that every user's activity is fully secured.
Adequate Liquidity pool is also available on the Lattice platform, as the system has devised ways for users to provide liquidity which will make trading effective, and also reward the providers in the process.
THE TOKEN
The Lattice platform has also developed its own token with the ticker LTX.
LTX is the recognized and accepted cryptocurrency of the Lattice platform, which is used to carry out the different transactional operations on the system.
It is used to pay transaction fees, reward users and incentivize the liquidity providers on the system.
LTX is considered to be the hinge of the Lattice platform as it confers to its holders, voting rights, to actively participate in the system's governance.
CONCLUSION
Lattice is exactly what is needed in the DeFi industry, if the world would ever benefit from this new trend.
It presents new financial tools and products which will make crypto assets trading to be easy, transparent and profitable to the global users, unleashing the full potential and benefits of decentralized finance to the global system.
https://twitter.com/LatticeExchange
https://lattice.exchange/Lattice-Exchange-Official-Whitepaper.pdf
https://www.facebook.com/LatticeExchange
Written by cryptobaby
Note: A sponsored article written for a bounty reward.”