Another ethereum scaling solution launches a test network.

Announced Friday, Liquidity.Network officially joins Raiden Network as the most recent etheric project to try to transfer transactions from the world's second most valuable blockchain and turn it into payment channels, allowing the network to support increased adoption and use.

Similar to Bitcoin's Lightning Network, better known, Liquidity.Network aims to allow ethereum users to go back and forth, without having to pay the cost of moving parts on the blockchain itself. In short, users pay to start strings and to close strings, not for what happens in between.

But while Raiden is the most advanced in its development of the concept, it has not yet been put online, and with the capacity of the ethereum at times, the news of today That another team is working on the competition challenge.

Notably, the solution uses Revive, a state-of-the-art technology created last year that claims to offer a better, less expensive way to set up off-line transactions.

The co-founder of Liquidity.Network and Adjunct Professor at Imperial College London, Arthur Gervais, told CoinDesk:

"What we provide is a payment center that allows you to make bidirectional payments among as many people as you want, which we think could be important for ethereum in general."

According to Gervais, what is available on Ropsten testnet from the Ethereum is today an unfinished alpha version, which he hopes will attract the first testers. Like Raiden, Liquidity.Network will also issue a token to fund the protocol's development and power supply, even though it is currently in pre-sale and is not yet needed for the network.

Main innovations

While the launch lays the foundation for a new off-line payment network, Liquidity.Network also introduces what is perhaps the first test portfolio on ethereum capable of sending and receiving this type of transactions.

According to Gervais, the wallet is not made for real ether – at least not yet – but to send and receive fictitious pieces on the test network.

Yet, what was most exciting about Gervais, was the "hub" that connects the various network users under the hood so that they could make transactions of-and- comes.

Since the hub groups money of each in a unique way, it is supposed to offer more flexibility for sending payments to disparate people across the network.

According to Gervais, it is the key technical innovation of Liquidity.Network that sets it apart from other scaling projects.

High hopes

On top of that, the network's founders are now looking beyond the possible use of Liquidity.Network on Ethereum, seeking to build more complex applications.

After finishing making it compatible with the larger ethereum network, for example, they hope to add support for the ERC-20, the standard used to create crypto tokens thrown through initial coin offerings ( ICO), in order to increase the scalability of these networks as well.

As such, the launch reports that more interest is being brought to the increasing adoption of the ethereum and to the usability issues that these new users are facing. Indeed, Gervais hopes that adding another scaling project to ethereum will speed up the time needed to complete several projects.

This is one of the reasons why Gervais is lobbying for Liquidity.Network to come into service as soon as possible in the ethereum blockchain.

He concluded:

"He will be ready for mainnet in three months, we make every effort to prepare it."

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