Liquidity - A review
Almost after the advent of Cryptocurrency, came the advent of Exchanges. Infact, it is safe to state that without Exchanges, the cryptocurrency world is incomplete. I mean, the aim of crypto is to ensure that values can be transferred between each other, without the need for third parties. This is what exchanges achieve.
LIQIUIDITY brings about state-of-the-art solutions that ensures that users transfer value between each other without current limitations such as high transaction costs affecting current solutions. The solutions proffered by LIQIUIDITY are based on the Ethereum blockchain. Thus, we can be rest assured of the security and decentralization of the blockchain.
This is the part that ensures that both financial and intermediary exchange payments are made. This is achieved while ensuring that all parties involved in the transaction are treated fairly, and thus get optimal value. LIQIUIDITY does not hold any funds, hence it is non-custodial.
When users use the LIQIUIDITY Network, they are able to carry out transactions in a very secured manner. It should be noted that transaction costs are very cheap with LIQIUIDITY . Via Proxy, mainstream adoption would be achieved, albeit in a nearby future.
With the use of a web interface, iOS Application and Android application, users are bound to enjoy a friendly user interface
The LIQIUIDITY ’s ecosystem is a product of LIQIUIDITY ’s innovative solution, called NO-CUST and REVIVE.
The LIQIUIDITY exchange is not based on the blockchain. It is however based on the success and framework of the LIQIUIDITY Network. The LIQIUIDITY exchange is non-custodial (just like the LIQIUIDITY network). This ensures that transaction fees are fair. This also ensures that the LIQIUIDITY Network is not congested at any point, even at peak periods.
The LIQIUIDITY architecture uses Universal hubs as the underlying technology. Users are free to join a hub. Users of a hub are free to perform transactions amongst each other, in a free, off-chain manner, without any snags.
These hubs are novel, and this means that, funds would the available to other members of the hub, whether, tens, hundreds or even thousands, rather than the funds been locked between two parties. The blockchain technology is the one that ensures the safety of the funds, making sure that only authorized users have access to funds that are meant specifically for them.
Some advantages includes, flexibility (no rigid structures, no locked funds), simplicity in design and routing, off-chain exchanges, non-custodial, free and instant creation of channels.
LIQIUIDITY ensures the interconnection of multiple hubs. With the connection between these multiple hubs, users from different hubs can perform transactions between each other.
Some advantages includes:
* Freedom: a user can leave hub A and join hub B for any reason, and Hub A’s operator has no authority of power to prevent that user.
* Funds are exclusively owned by users, so far the user has the Private key. This makes the user in charge of their funds.
* Multiple hubs can be connected to improve functionalities, and this ensures scalability.
* Freedom: a user can leave hub A and join hub B for any reason, and Hub A’s operator has no authority of power to prevent that user.
* Funds are exclusively owned by users, so far the user has the Private key. This makes the user in charge of their funds.
* Multiple hubs can be connected to improve functionalities, and this ensures scalability.
This enables channel owners to securely balance their channels, according to their own specific requirements. Transactions are not explicitly need to be done on-chain, except, a dispute arises. This is a vital part of the ecosystem.
Recall, that I made mention that LIQIUIDITY solves the issue of high transaction costs. LIQIUIDITY achieves this via off-chain hubs.
The architecture of LIQIUIDITY is built around universal off chain hubs. When a user joins a hub, he can perform transactions with any other member of the hub, instantly, off-chain. This means that transaction costs would be cheaper than transactions cost associated with on-chain transactions. This is how LIQIUIDITY solves the problem of high transaction costs and thus achieves low transaction costs.
LIQIUIDITY would achieve high scalability. This is due to the universal hubs and Revive.
Once multiple hubs are interconnected, transactions can be done between different payment hubs in an off-chain manner, with low transaction costs. This makes the LIQIUIDITY solution better than current solution, since, more users can transact with each other, without the need to go on-chain, without the fear of congestion.
Users have a private key, which makes them in charge of their funds, since the funds are not stored in the universal hubs. With this ability, LIQIUIDITY only has to focus solely on computing. This ensures efficiency and speed.
LIQIUIDITY Network is built on the Ethereum blockchain, and thus, decentralization is ensured. Efficient transfer of funds is achieved, since, transactions doesn’t necessary need to be done on-chain.
Oki-Peter wants to do an airdrop for his fans. However, he realizes that he needs to send private keys to all his fans, and have a custodian for the Oki-Peter tokens (the tokens he wants to airdrop). He also realizes that millions of transactions would be needed to achieve this. After consideration, the costs and resources need to airdrop the tokens to his fans are overwhelming, this discourages Oki-peter, and he is faced with a tough decision, whether to do the airdrop or not.
Luckily, Oki-Peter’s secretary hears of LIQIUIDITY and she shares it with Oki-Peter. Oki-Peter is elated, and he uses LIQIUIDITY to do the airdrop for his fans, in an instant, efficient and cheap manner. Thanks be to LIQIUIDITY .
Priscilia wants to purchase a necklace for her son on his 10th birthday. The necklace however, is a limited edition, which she can only find in a store that accepts crypto, which she discovers on her son’s birthday. This means that, she has to do an instant transfer, that would enable her take ownership of the necklace.
With other exchanges, this is not possible, as transfer of values is not instant. This troubles Priscillia a lot. However, luckily for her, the Necklace shop uses LIQIUIDITY . This means that Priscillia would do an instant transaction that would make her the owner of the necklace. LIQIUIDITY saves the day.
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