Moreover, two payment channels can be connected to each other, creating a payment channel network.
Get Weekly ICO Updates Sign up for our newsletter and receive insider ICO news An off-chain payment ecosystem, which is more flexible and efficient than Lightning/Raiden technology. Liquidity.Network is the first practical, secure and scalable off-chain payment hub system for decentralized blockchains. While the Lightning and Raiden networks also address the same problem using off-chain solutions, the Liquidity team believe their technology is superior.
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- In near future, it will be only compatible with EVM blockchains
- The token does not have very strong incentive for the investor
Instant Transactions, Millions of Users Liquidity.Network is the first ever off-chain payment system to have a working MVP that allows its users bi-directional transfers of Ethereum.
To open a payment channel an equal amount of ETH in Raiden, or BTC in the Lightning Network, from each participant must be locked and used as collateral. Off-chain payment channels have been proposed to substantially increase the blockchain’s transaction processing capabilities. Liquidity DEX, as it is known, will use atomic off-chain swaps to prevent miner front-running, congestion and excessive fees.
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Liquidity.Network is set to launch a new scalable off-chain payment system which allows Ethereum users to make payments without costly transaction fees.
65,000,000 (65%) Unlike other off-chain networks, the Liquidity.Network implements a unique n-party payment hub protocol. Liquidity is trustless, does not require rigid funds to be locked up, supports off-chain rebalancing, easy routing, and free channel establishment. Furthermore, its goal is to become the prevalent off-chain payments ecosystem by addressing all the limitations that the Lightning and Raiden Networks are facing.
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At the same time, the funds are secured by the blockchain, other users can’t steal other user’s allocated funds.
Despite their potential, existing blockchains such as Bitcoin and Ethereum can only process ten’s of transactions per second - comparable mainstream payment systems process over thousand transactions per second. The Liquidity.Exchange performs instant atomic off-chain swaps without holding user funds and is resistant to excessive on-chain transaction fees. Payment channels in Raiden, however, require the opening of new smart contracts on the Ethereum blockchain.
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To learn more about Liquidity.Network and its breakthrough off-chain blockchain payment system, visit https://liquidity.network .
By utilising payment hubs, Liquidity.Network allows multiple users to send cost efficient Ethereum micropayments for the very first time. The need to lock rigid funds as collateral for opening a payment channel is eliminated Liquidity.Network is the first off-chain payment solution to initiate an MVP that provides bidirectional payments. Users can create Liquid Ether from their on-chain Ether and then transmit this off-chain to a recipient.
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Liquidity.Network is the first ever off-chain payment system to have a working MVP that allows its users bi-directional transfers of Ethereum.
In an exciting move, Liquidity plans to launch the Liquidity DEX decentralized exchange by Q3 2018 which is set to become the very first non-custodial off-chain blockchain exchange. It is operational under https://wallet.liquidity.network and supports millions of users securely, reducing transaction costs significantly and enabling the mainstream adoption of blockchain. By utilising off-chain payments, the network allows users to transfer their funds instantly with an enhanced level of privacy that is low cost and secured by the blockchain. Similar to traditional payment channels, two users of different payment hubs are eligible to perform off-chain payments across different interconnected payment hubs. Liquidity.Network is a payment and cryptocurrency transfer solution that uses off-chain payment hubs to relieve stress from the blockchain itself. The Liquidity.Network is a practical blockchain micropayment system, supporting millions of users securely, reducing transaction costs significantly and enabling the mainstream adoption of blockchain. The need to lock rigid funds as collateral for opening a payment channel is eliminated.