By utilising payment hubs, Liquidity.Network allows multiple users to send cost efficient Ethereum micropayments for the very first time.
Liquidity.Network is the first ever off-chain payment system to have a working MVP that allows its users bi-directional transfers of Ethereum. The project has already been successfully deployed on Ethereum’s Testnet service.
Liquidity.Network’s novel technology allows any member of a payment hub to pay any other member of a payment hub, whilst integrating with REVIVE to allow rebalancing of payments off-chain without the need for costly on-chain refill transactions. 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. This ‘trustless Paypal’ will upgrade the Ethereum network, and have far-reaching implications for the blockchain world as usage grows, enabling a higher number of users to use the Ethereum network without adding to congestion.
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ICO Advisor | ICO Analyst | Blockchain Researcher Rated on May 9, 2018
4
5
5
23%
They provide off chain ETH payments. A major component for mass adoption will be off chain payments. The fact that they have a working prototype is a huge plus. Will update team rating once their team has been completed.
Founder of Serendipity Blockchain Solutions Rated on May 5, 2018
3
4
4
17%
Liquidity.Network focuses on off-chain payment transactions. Due these transactions being off-chain they are not reliant on how congested the network might be at any given time.
The team is said to be consisting out of more than 10 excellent Liquids covering a wide range of areas, however only 2 team members are currently disclosed. Even though both Arthur and Rami have a very good and adequate background in the technology needed, it leaves doubt about the rest of their team. Not much is known about any advisers, but there has been some other information disclosed. Currently there is one partner; Hive Power and several VC's backed the project.
Liquidity.Network is not the first to take the step in the direction of off-chain payments, but they are one of the first to put into action. The prototype is ready for the Ethereum network and a full working product is scheduled to go live at the end of 2018 and if it's successful, they are looking to deploy their off-chain payment solutions on other blockchains as well.
If more information becomes known about the team and avisers I will be happy to update my rating.
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