LATTICE EXCHANGE - THE DAWN OF A NEW ERA FOR DECENTRALIZED FINANCE

aamavi (25)in #defi • 4 years ago

Decentralized Finance emerged as a way to solve the problems of centralization in the global financial system, which has halted the progress of the global system for far too long, as it was plagued by numerous limitations making the improvement of the system seem impossible.

The ineffectiveness of centralized finance could be attributed to its fragmented structure and lack of efficient technologies to facilitate efficiency while executing operations.

Well, it's sad enough that Decentralized Finance, which is the assumed solution to the problem of centralization, is also as inefficient as the previous one.

It can be seen by the users that nearly all the DeFi based systems are still heavily centralized, as they operate like centralized systems, using inefficient technologies, tools and techniques which were initially created for centralized systems.

This brings back the numerous problems users face in centralized exchanges such as increased cost of transactions, retarded speed of transactions, vulnerability to attacks and a whole lot of other problems whuch make digital transactions inefficient and unprofitable to the global users.

It is high time the digital system gets a lasting solution to this problem, and fortunately for every user in the digital space, the solution has surfaced.

LATTICE EXCHANGE IS THE SOLUTION WE'VE BEEN WAITING FOR

What Is Lattice Exchange?

Lattice exchange is a decentralized ecosystem which was designed to further advance the DeFi industry as well as the Blockchain industry by utilizing varieties of sophisticated tools to improve the trade in cryptocurrency, which is becoming the new trend.

This exchange will make cryptocurrency trading easy and profitable for the users, seeing as it leverages on cutting-edge technologies programmed to create efficiency in the system.

With these cutting-edge technologies and superior algorithms which the Lattice exchange runs on, it is able to achieve fully decentralization, both in its outlook and performance, greatly improve the transaction speed for users carrying out one transaction or the other, and still make its operations to be cost efficient, so that users trading on its system will have access to more profits.

TECHNOLOGIES OF LATTICE EXCHANGE

Lattice exchange uses technologies like the Constellation Hypergraph Transport Protocol (HGTP), an efficient tool which allows for the seamless connection and transportation of data across different applications.

With this, Lattice exchange ensures a higher transaction throughput that allows it to execute a great amount of transactions with ease and at a great speed.

It is also able to achieve scalability which has been impossible in other systems, subsequently reducing the cost of transactions for users as well.

Lattice also adopts a reliable algorithm called Automated Market Making (AMM), which is based on the liquidity pool, and even allows users to create their own AMM which will be compatible with their assets.

Apart from its technological innovations, Lattice exchange has some impressive features that let's embedded in it, with the aim of giving users the full taste of cryptocurrency trading and decentralized finance.

   **Here are some of its features**

Lattice exchange provides trading liquidity on its system by giving the users an opportunity to serve as liquidity providers and benefit from it.

This will be possible when users make deposits which in turn provides the liquidity needed for trading of digital assets, and the system in turn rewards them.

Match making algorithms have been put in place by Lattice exchange to help digital asset traders on its system easily carry out transactions with the interested parties, reducing the time of wait and ensuring more efficiency.

Both the funds, transaction records as well as user's data stored on the system is highly protected from any form of theft or manipulation, as Lattice exchange uses heavily reinforced technologies to fortify its system, so as to allow users trade comfortably on the system.

Lattice is not like other exchanges, where decentralization is promised, but they end up being heavily centralized, rather it was built to be fully decentralized at its core, delivering financial services to the global users, in a decentralized manner.

                    **LTX TOKEN**

A governance token called the LTX token has also been minted by Lattice exchange, to facilitate the efficient functioning of its system.

It will be used for different transactional purposes on the Lattice exchange, including the payment of fees, a reward for users who provide liquidity.

LTX token gives its holders the ability to actively take part in the governance of the system, taking decisions on how the exchange is operated.

                    **CONCLUSION**

Lattice exchange is one of a kind, which has emerged to make the trade in digital assets to be more meaningful, filled with great values, and greatly improve the DeFi industry as well.

With all these technologies and algorithms used by the system, users will definitely enjoy decentralized finance to the fullest, seeing as it opens up all the benefits of cryptocurrency trading.