The break out of the blockchain technology has been quite revolutionary to the various digital systems and processes.Nearly every known industry of the globe leverage this advanced structure to improve products and services on all fronts as well as compete in the ever advancing world system.
This development has led to the introduction of digital tokens or crypto currency assets, smart contracts, complex financial products as well as the latest paradigm of DeFi(Decentralized Finance). Meanwhile, the blockchain infrastructure forms the basis or layer for developing user eccentric decentralized applications,which could facilitate participant's interaction with the blockchain network.
On the other hand, users demand low fees in transactions, swift payment executions,as well as secure and reliable swaps among other things. Basically, in order to attain a successful adoption of decentralized finance, the interoperability feature is paramount.
Unfortunately, most DeFi applications currently are experiencing major hiccups in their operations owing to the base layer protocols of the blockchain structure upon which they are built, such issues include scalability problems, slow and high transaction costs,delayed data processing and many others.
These limitations have totally affected not just regular users in the ecosystem, but also new institutional investors from entering and exploring the industry of cryptocurrency. Luckily, there is a system that is equipped to provide users with their demands and more while addressing the issues of poor performance with decentralized applications,LATTICE.
OVERVIEW OF THE LATTICE EXCHANGE PLATFORM
WHAT IS LATTICE?
Lattice can be described as a decentralized application, DeFi solution that is developed on the constellation hypergraph infrastructure with seed investors alphabit and FBG capital.
It is a platform that seeks to address the issues of scalability, poor performance, low transaction cost and slow execution of transactions with its innovative constellation Hypergraph infrastructure.
This unique constellation hypergraph is a cutting edge infrastructure protocol developed as a graph based database which leverage dynamic separation for a reliable allocation of data across a decentralized distributed network as well as utilizes mathematically correct proofs and simultaneous consensus developed consolidated in its hypergraph transfer protocol to facilitate better arrangement of the network.
The constellation protocol functions as the primary and most important tools integrated into the lattice network to offer the following perks to its users.
PERKS ENJOYABLE ON THE LATTICE EXCHANGE
AMM (Automated market making) based liquidity pool which gives lenders of funds an opportunity to farm or earn transactions fees from their deposits on the platform.
LTX which is a unique governance token of the lattice platform that gives its holders certain rights and access to various benefits of the platform.
Smart routing algorithm for trade execution across diverse platforms.
An innovative substrate for pluggable institutional grade order matching algorithm which are asset specific.
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Lattice platform with its unique constellation infrastructure intends to solve the problems experienced in the etherum network and present an effective solution for the current DeFi market generally. It intends to proffer scalability of Dapps,low cost and swift execution of transactions as well as maximize the security of data collected on the platform.
TOKEN
Every platform has a digital token or cryptocurrency uniquely design for its operations. The LTX is the governance token of the Lattice platform that is utilized for transactions and incentives.
Holders of this token are eligible to enjoy the full benefits on the Lattice substrate.
CONCLUSION.
The DeFi ecosystem has made great efforts towards attaining a completely decentralized system for the world's population, unfortunately there are still a few drawbacks and weaknesses present in DeFi applications until now.
Lattice exchange intends to provide better liquidity, institutional grade algorithm as well as very swift and lower settlement, owing to its integration of the constellation HGTP.
This way, the entire DeFi ecosystem will attain the optimum revolution it has always required.
For more information click below:
Website: https://lattice.exchange
Telegram: https://tme/latticeexchange
Whitepaper: https://lattice.exchange/Lattice-Exchange-Official-Whitepaper-pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5278016.0
Instagram: https://instagram.com/latticeexchange
Linkedin: https://www.linkedin.com/company/lattice-exchange
Facebook: https://www.facebook.com/LatticeExchange
Author's Bounty0x Username: oly4life
Note:This Article Is Exclusively Written For Bounty Reward Purposes