A concept
Our product aiming for the mass adoption of blockchain technology.
The basic idea is to avoid the current bottleneck where all transactions are targeting shared ledger on the blockchain, by enabling communication on a smaller scale. Imagine different blockchains composed of a tree hierarchy working and communicating together as one.
01 THE PROBLEM
The current state of the blockchain products and how to scale today
Let’s deep dive into the reality of the products built on top of different blockchains. The main issue for most of them, Ethereum especially, is the scalability of the network followed by transaction costs which are highly volatile.
Plasma is one of the initiatives which should solve this for Ethereum, but also EOS, NEO, Rostock, and all other blockchain networks that pass Turing completeness, or better to say idealization of how smart contracts are written.
Yep, Plasma will happen sometime in the future. Still we, as the blockchain PMs, developers, and designers, are not sure how exactly it will work and behave in real-product scenarios. But, the problem is that we need a working solution now.
PLASMA - The Basics
Permits chains within chains, allowing for exponential increase in scalability
Proof of a child’s validity is submitted and stored on the chain below, not the entire computation.
Significant interaction with the root chain is only necessary for the event of a dispute.
02 PROPOSED SOLUTION
Blockchains in Blockchain. Sounds complicated?
The basic idea is to avoid the current bottleneck where all transactions are targeting shared ledger on the blockchain, by enabling communication on a smaller scale. Imagine different blockchains composed of a tree hierarchy working and communicating together as one.
This model is enabling faster transactions together with keeping gas fees very low. Too good to be true? Well, the idea started with the Lightning Network approach and focus on the reducing time needed for payments to be done by increasing transactional capacity.
Ethereum Foundation took it to the next level and started working on Plasma which should scale smart contract’s state changes too, but neither of these solutions is production-ready yet. They are focusing on solving big problems for all the players out there, where we are focused with Liquid Crystal on solving the needs for your specific use case only.
03 working product
Enter Liquid Crystal, the intermediate solution to your problems
We can already use Liquid Crystal Blockchain, or as we like to call it internally LCB – something similar that happened to displays from which most of us are reading this content right now. LCDs came before Plasma. In the same way, LCB is already here while we wait for Plasma to come and be production-ready.
From us, you’ll get a complete SaaS solution where you pay the fee and get service with Proof-of-Stake or Proof-of-Authority nodes which integrates easily with your product.
That means that we are taking care of Security, Privacy, Uptime, and Performance
- LIQUID CRYSTAL ALREADY WORKS
- It is already a done deal and you can use it out of the box. The solution is a mix of various Ethereum inspired technologies, like Parity/…/Tendermint/…/Quorum. And have in mind – we will migrate our members to Plasma once it happens.
- EASY WALLET INTEGRATION
- Be it server or client-side – we already did it.
- REDUCING COST AND FEES
- Virtually free internal transactions for each and all transactions. Only withdrawal to desired Mainchain costs.
- IT’S AS FAST YOU CAN GET
- It’s faster than the current solutions since transactions are happening with the help of a sidechain.
- IT’S GENERAL PURPOSE
- You can have Solidity Contracts inside of this sidechain.
