Knowing Liquidity Network and how this is going to change the world!

in #spanish6 years ago



No doubt 2018 left us a couple of lessons regarding cryptocurrencies and introduced a hangover to all investors who entered this world in 2017, the recent fall of bitcoin and ethereum make it clear that there is still work to be done for cryptocurrencies to be adopted in the world, perhaps one of those jobs may be to optimize the blockchain so that it has a better performance.

Perhaps one of the most sounded data in the last year had been that the famous bitcoin bubble burst in the middle of the year, thus collapsing the entire market, for better or worse future investors and creators must learn to grow organically and day by day so that large companies begin to sign business form to bitcoin.

Future projects are now setting much more realistic goals than in past years, passing with caution knowing that the volatibility of bitcoin and cryptocurrencies is very visible and causes uncertainty in the market.

I think that a sane and sober start is what cryptocurrencies need to settle little by little in the modern world, offering firm solutions and simple interfaces for users to adapt to use the main networks. Among all these networks there is a new project that promises to make a leap in terms of adoption is concerned




Liquidity Network


If I had only 5 minutes to expose all the features and functionalities of this new project I think I would be short, but I would define it as an ecosystem made for the facilitation of interaction by users with the Blockchain of ethereum, also offers other services in which include payment services and exchang services, with the aim of initiating and supporting a mass adoption of crypto currencies in this specific case the Ethereum currency, thus reducing transfer fees and increasing scalability among other things.

Some of its main characteristics are

  • Allow micropayments as well as eliminate commissions definitively
  • Instant shipments no matter what currency it is and what Blockchain comes from

  • No blocking of funds, these can be used at any time to pay any member

  • A user interface simple to use and pleasing to the eye, avoiding many technologies of cryptocurrencies

  • Completely transparent and decentralized free of central control

  • Without custody of the funds, both funds in the exchange and in the wallets are always kept with the user

Exchange


Allows to exchange funds between different currencies without the funds being retained and without the need to change to another currency, the exchabge operates using a simple rooting technology avoiding other more complex technologies and making the user experience much faster compared to other exchanges.


If we put a graph comparing some of the exchanges with larger market volumes we can define that the Liquidity Network is a great option to improve the transactions of the Blockchain and return viral to the crypto currencies.


... Marketplace NYSE Kraken DEX Liquidity Exchange
Fast Trading
High Volume
User controlled funds
Blockchain Congestion Resilient n.a n.a n.a
Transaction Fee Independent n.a n.a n.a

Safe, Fast, Transparent and Decentralized


Over the years exchanges of crypto currencies have changed their functions and has learned from the mistakes to strengthen their systems, many of these have opted for the technologies of several recognized services such as the New York Stock Exchange, however Liquidity Exchange aims not only to improve if not revolutionize all standards in systems allowing users both a higher speed in their transactions as a deep security.




Payments


Another of the services that I liked most about Liquidity Network is the structure or payment system which is based on an off-chain scheme that allows multiple currencies can be exchanged between each other no matter they have a different blockchain, it is also to highlight the lack of commissions even in what micropayments refers.



The following is a summary of some of the characteristics of Liquidity Network compared to other payment entities:

... Liquidity Network Traditional Banks Online Banks Blockchain
Scalability ++ ✅ + + - -
Speed ++ ✅ - - o -
Fund Control Decentralized ✅ Centralized Centralized Decentralized
Security Cryptographic majority voting ✅ Trust based Trust based Cryptographic majority voting
Accessibility + ✅ + + -

If you want to know more about the architecture and system of Liquidity Network I suggest you watch this video


REVIVE


Another quite innovative feature may be REVIVE which is a solution that allows Hub users to configure specific rules for their payment channels (such as rebalancing the payment channel) this allows for greater scalability in the blockchains as well as a greater number of possible transfers.

This system allows resolving disputes quickly. According to studies that the security team made, a fair user can not lose their funds while REVIVE is activated in the payment channel.


Sistema de Hubs interconectados


In order to make Liquidity's monetary system work, hubs have been created that work in such a way that a user entering a given hub can transfer instantly and at infinitely lower prices to all the users integrated in that hub.


Roadmap




Team

.... .....

Dr. Arthur Gervais is a Lecturer (equivalent Assistant Professor) at Imperial College London and at the Lucerne University (HSLU). He completed his PhD thesis on the topic of the security, performance, and privacy of proof of work blockchains at ETH Zurich in 2016

Rami Khalil started to program when he was 12. Now, he is about to finish his Master degree from ETH Zurich and received his Bachelor from the German University in Cairo with Highest Honors.

George is an IT security enthusiast, with research contributions in Blockchain Scalability and IoT. He’s about to finish his Bachelor degree from the German University in Cairo and has over 3 years experience in software engineering, designed and implemented cyber defence tools.

Guillaume studied at EPF Lausanne and ETH Zurich in Switzerland. He is now finishing his master degree at Imperial College London doing research in the fieldof Blockchain.

Thibault is about to obtain both his Master from Imperial College London and a French Engineering diploma from ENSEEIHT. Previously at CERN, he rebuild theirmain front-end hosting website, entrypoint for more than 14000 websites.

Janine is a FinTech marketing and communication professional since 2016, well connected as former communication associate for a leading Swiss FinTech association. MSc degree in Corporate Communication from USI and a Masters in Digital Marketing.


Applications & Interface


The Liquidity Network team is currently working on optimizing two interfaces to interact with the network. Both are by far one of the most elegant and simple to use in the entire market.

  • Desktop


Source

https://billfold.liquidity.network/


  • Mobile


Source

Liquidity Network Wallet - IOS

Liquidity Network Wallet - Android.


Comparison to other off-chain solutions


... Liquidity Network Raiden Lightning COMIT
Blockchain Support Ethereum, Bitcoin (with RSK), others Ethereum, Bitcoin (with RSK) Bitcoin Ethereum, Bitcoin (with RSK)
Prototype
No rigid funds locked
Free off-chain Registration
Users in funds control
Easy Routing
Token Support ?
Ether support BTC ?
Open Platform
Secured by blockchain
Mobile Application


For more info watch this


Conclusion


I think that the Liquidity Network is a surprisingly easy solution to the problems that Blockchain has been bringing for some time, maybe it will be enhanced by bringing to Ethereum the flag and to innovate even more the main functionalities that blockchain creates, in the future could be developed some specific hub to deal with other fields such as the Internet of things or to create new business models and thus help the mass adoption of these technologies.


More Information & Resources:


https://steemit.com/crypto/@originalworks/2500-steem-sponsored-writing-contest-liquidity-network

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