Description
Liquidity Network is a pioneering blockchain-based platform designed to address the scalability and cost issues prevalent in existing blockchain networks by facilitating scalable, secure, and instant off-chain payment solutions. Primarily focusing on reducing transaction costs and enhancing transaction speeds while preserving the security and integrity inherent in blockchain technology, Liquidity Network empowers both single and multi-party payments. It introduces an innovative combination of off-chain payment channels and a hub system, negating the need for users to lock up funds unnecessarily and thereby enabling efficient microtransactions and merchant payments with minimal fees and instant settlement. As a crucial component of the web3 ecosystem, it extends its utility by integrating with Ethereum through its first-ever working MVP that supports bi-directional Ethereum transfers. This integration is facilitated on Ethereum’s Testnet, leveraging payment hubs that permit not just peer-to-peer transactions but also payments to and from multiple users within a hub. Moreover, the platform incorporates REVIVE for off-chain rebalancing of payments, eliminating the need for costly ...
Liquidity Network is a pioneering blockchain-based platform designed to address the scalability and cost issues prevalent in existing blockchain networks by facilitating scalable, secure, and instant off-chain payment solutions. Primarily focusing on reducing transaction costs and enhancing transaction speeds while preserving the security and integrity inherent in blockchain technology, Liquidity Network empowers both single and multi-party payments. It introduces an innovative combination of off-chain payment channels and a hub system, negating the need for users to lock up funds unnecessarily and thereby enabling efficient microtransactions and merchant payments with minimal fees and instant settlement. As a crucial component of the web3 ecosystem, it extends its utility by integrating with Ethereum through its first-ever working MVP that supports bi-directional Ethereum transfers. This integration is facilitated on Ethereum’s Testnet, leveraging payment hubs that permit not just peer-to-peer transactions but also payments to and from multiple users within a hub. Moreover, the platform incorporates REVIVE for off-chain rebalancing of payments, eliminating the need for costly ...
