Breaking Barriers, Bringing Revolution! - Liquidity Network!

praditya (62)in #contest • 6 years ago (edited)

Easy Transfer and Swap Platform for any Token - Liquidity Network... an Secure, scalable and efficient cryptocurrency payment platform!

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Introduction

Trading is going on since ages only the medium has been changed. The evolution of trading has seen vivid varieties from using Traditional Banks to switching to digital market like online Banks and most importantly the blockchain!
The Blockchain's emergence have bought revolution in the world's economy leading to major shift to Decentralized world. there are more than 1600 cryptocurrencies with a combined market capitalization of over 500 billion dollars.
Which is astonishingly Huge!

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Since then the cryptocurrency have seen many technologies and enormous amount of platform being built up on it.With many ICO's launching frequently making digital economy at everyone's convenience.The power of crypto currencies and its ever rising potential has amazed the world, and why not? Even our steemit platform is based on blockchain. With such a success in the world crypto has became a magnet, attracting millions of people towards it, and nowadays every other individual is getting aware of it and learning to invest.

Issues plaguing the Crypto world!
Nothing in this world is perfect! Everything tend to change and evolve for its betterment, So is the situation with the Blockchain technology. Yes it has evolved rapidly but still contain certain constrains which are necessary to overcome. For this, many technologies and exchanges are built to completely destroy the problems and issues which are directly or indirectly plaguing the Crypto world.
Issues namely Scalability have always been the first most problem because it is one of the reasons which still hinders the path of blockchain towards mass adoption. The amount of transaction being low and slow have given scalability a negative limelight. With 10 transactions per second can being carried out is a major backdrop for blockchain.
Talking about other issues such as High cost, inability to provide collateral for the transaction, Slow process of transaction such kind of issues have bought attention of many technicians to built up a solution which eventually had bought 100s of solution but ultimately every technology have their own merits and demerits.

Revolutionizing the Crypto World with Liquidity Network

By not dragging the topic indirectly let me push it to its direct meaning, Basically what Liquidity network is all about?
"The Liquidity Network is a non-custodial, financial intermediary offering payment and exchange services.
The Liquidity Network supports millions of users securely, reducing transaction costs significantly and enabling the mainstream adoption of blockchain."

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Basically The Liquidity Network ecosystem is built on the synergy of its two key components:
A. The Liquidity Hub NO-CUST
B.The Revive
This amazing platform is built by more than 5 years full time blockchain experienced team.making this amazing technology possible and creating it with utmost importance to diminish the plaguing issues.With such an addressable market of IoT, Digital Goods, which is built upon blockchain through smart contracts making payment channels and connecting technology through communications.
TACKLING THE PROBLEMS
As a matter of Fact there are many problems some of which are mentioned above, LIQUIDITY NETWORK got the back of blockchain network by providing solutions to its enormous and immensely dense problems.

Using novel payment feature, it allows exchange of payment between payment hub members at ZERO transaction fees. moreover the exchange feature allows instant off-chain swaps without holding user funds, which eleminates the issue of high transaction fees also builds trust.
Without any handy crypto one can now enjoy instant and off-chain channel establishment. The flexibility of the liquidity exchange has astonishing aspect that it can still regulate with professional level services under immense blockchain congestion.
Facing difficulty in handling the network and exchange is no more an issue because simple routing designs, avoiding
complex routing topologies. have made it simpler With higher trading speed.

Technicalities of Liquidity Network!

The ARCHITECTURE of this revolutionizing technology is what makes it efficient in all ways. It includes "an exchange that has the speed of a centralized exchange, and the security of a decentralized exchange."
I would like to give brief explanation of them to make this amazing technology's tricky technicalities easy to understand.

Learning about the invention of Hubs in Liquidity Network!
Hubs are created to ensure security and transparency of the network.The design of hubs in a way is useful as "The design of the Liquidity Network and Exchange is centered around the notion of universal hubs." here members of the hub can exchange and transact funds among them with lower transaction cost which breaks the barrier of high end fees offered as usual.

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The beauty of the hub is that the funds are accessible to each and every member(ensuring transparency) but at the same time locked security against theft(ensuring security). users can perform "off-chain payments across different interconnected payment hubs."

Some amazing approaches are adopted by Liquidity network to manage and transfer assets which are- Nocust hub and Revive Protocol

{ Nocust Hub}

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It isn't hard to understand , rather its a simple derivation of “Non-Custodial”. Instant and inexpensive payments are made giving user the entire control eliminating custodian or third-party!
{Revive Protocol}

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"Rebalancing payment channels securely off-chain, applies to the hubs"Basically it improves the scalability, security, speed of the network which removing or avoiding the network congestion.It simply build a network around the payment channels which when in off chain mode may rebalance easily.

Blockchain scaling Directions
In Off chain transactions there are two types
{A}-2 party payment channels
This includes Unidirectional, Bi-directional, Linked Payments, 2 Party payment hub.
{B}-N-party payment hubs
This includes Bi-Directional n-party hubs.

Knowing the worth!

images through whitepaper are combined
It is absolutely important to know the worth of the technology which can only be possible by comparing it with other
technologies.
There are certain advantages which are indeed remarkable.

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Availability of Liquidity network!

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Liquidity network application

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Conclusion

I would like to conclude this technology as the future of Blockchain. It tend to revolutionize the digital market.The most important aspect is that it isn't centralized rather it is suited to allow true decentralization and efficient transfer of funds. Even as a user owning a private key is the most important aspect which is provided by this tech-forward network. which according to me is the most efficient aspect as interconnecting of hub and availability of removing funds from smart contract at any given point of time turns out to be effective.

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I considered this image to be concluding one as this elaborates the entire system of Liquidity Network in one glimpse.
Whether it is ability to scale and support millions of users make it better than current solutions or providing zero transaction fee, with "No rigid locked funds, Simple design and routing,Free and instant channel establishment,Non-custodial off-chain swaps" this technology curated by experts stands out high. which ultimately is Enabling Mainstream Adoption of Cryptocurrencies. Thus, Breaking Barriers, Bringing Revolution!
I myself will definitely use this network and its exchange as this is the era of revolution in technologies.
All the copied content is in quotes and source of images are mentioned respectively.

Use Case

Travis is digital market analyser and a huge crypto freak, He met Stormi, who runs her business and is seeking to invest in crypto but high transaction fee, less security and scalability hinders her way and ultimately she decides to quit on crypto.
Travis then introduced Liquidity Network to her and explained how its hubs and private keys provide security with transparency. and Liquidity Exchange provide zero transaction fee.
This made stormi change her mind and shift back to her earlier decision of opting blockchain, but this time using Liquidity network too!