Liquidity Network make off-chain protocol for Ethereum

It will become an analog of the Lighting Network for the bitcoin
30 November 2017   2548

The Swiss researcher Ethereum Arthur Gervais presented a demo version of the Liquidity Network project. It will allow Ethereum-purses to introduce and use an off-chain transaction protocol for payment channels, an analog of the Lighting Network for the bitcoin network.

For users, the process of transferring funds will not visually change. But under the hood of the Ethereum wallets, the off-chain protocol will connect the sender and the recipient through "hubs", which will provide payment channels between all connected to the "hub" parties.

During the demonstration of the demo version, Gervais showed the process of depositing funds for the "hub", and also transferred two users 50 Wei and 30 Wei (fractional shares  Ethereum), respectively.

Earlier developers of the decentralized crypto exchange Altcoin Exchange conducted the first atomic transaction between the networks of bitcoin and Ethereum.

Uniswap V2 to be Launched

One of the key features of the upcoming version is that any ERC20 token can be pooled directly with any other ERC20 token
24 March 2020   146

Uniswap protocol developers announced the launch of the second version of a decentralized platform in the next quarter.

Among the new features of Uniswap v2:

  •  any ERC20 token can be pooled directly with any other ERC20 token
  • instant swaps, providing for the possibility of withdrawing “as many coins as you like” for, for example, arbitrage and margin trading operations
  • An improved pricing model, which provides the oracles for determining the market rate at the beginning of each block, immediately before the conclusion of transactions

The updated decentralized platform is already being tested on the Ethereum networks Ropsten, Kovan, Rinkeby and Goerli.

In general, the popularity of Uniswap continues to grow - since the beginning of 2020, the trading volume on this platform has increased by 192%.