Liquidity Network is a Layer 2 solution, a secondary protocol built upon NOCUST, a secure side-chain. Side-chain is a separate blockchain linked to another blockchain and operates independently. The primary aim of Liquidity Network is to develop decentralized blockchains through secure off-chain transactions. The platform further aims to provide the users with near-instant and gas-free swap and transfer of tokens.). Liquidity Network also aims to help developers build scalable Dapps and conduct micropayments.
According to its official website, Liquidity Network ensures user security by allowing them to control their funds. Users can withdraw their commit-chain funds at any time. Commit-chains are similar to side-chains, do not require additional consensus mechanisms, and rely on their parent chain's security. The smart contracts of NOCUST ensure that users remain the custodian of their assets. Liquidity Network does not charge blockchain fees for making a commit-chain transfer.
The work of Liquidity Network is based on peer-reviewed research. The platform seeks to provide the community with a secure and scalable solution by making the work publicly available. Several apps are built on the Liquidity Network, like one button wallet, micro-free transactions, and liquidity explorer. One Wallet is a one-click browser wallet that transfers coins over a NOCUST hub. Micro-Free transactions allow users to pay or receive cash for news articles. Alternatively, liquidity Explorer provides an analytics dashboard for Liquidity Network hubs.
LQD is the utility token of Liquidity Network and is based on the ERC-20 token standard. LQD is utilized for paying for the service of the Liquidity Network ecosystem. Moreover, the token is aimed to be utilized for interaction aiming at the stakeholders in the Liquidity Network ecosystem.
