DIFFERENT CASE SCENARIOS ON WHY LATTICE EXCHANGE IS WORTH THE ATTENTION OF ALL AND SUNDRY
People tend to understand things in their own unique way, and that of course makes us human unique. With this in mind, I will be stating different case scenarios which can be seen from different angles on why Lattice Exchange is worth the attention of everyone in the crypto space.
THE THREE DIFFERENT CASE SCENARIOS
CASE SCENARIO 1:
First, it was Bitcoin blockchain, the first blockchain to bring about peer-to-peer transactions. Not only that but also making it possible for the world to understand that indeed digital money can work. Despite all shortcomings, it excelled and other blockchains like Ethereum started getting involved. One of the wonderful things about Ethereum is the fact that it made it possible for new projects to launch on its blockchain first, develop their products and services, get the necessary supports before moving or migrating to their respective blockchains if the need arises.
This has been going on for quite a long time until the advent of DeFi (Decentralized Finance) projects which are mostly launched on the Ethereum blockchain which of course has made massive success this year but with DeFi comes another problem and that is high transaction fees, slow network speed and so on.
However, wherein many DeFi projects still continued using the Ethereum blockchain a project known as Lattice Exchange aims to take another path. In this case, it will start its development on Ethereum blockchain just like others but in the third phase of its development, after all the necessary supports have been put in place, the project will migrate to the Constellation protocol.
Why Constellation protocol?
The reason is, through using the Constellation protocol, Lattice platform will not only become a fully decentralized application but will also bring about DeFi solution. This solution will be efficient as it uses the Constellation Hypergraph infrastructure.
In all, the Lattice platform will be able to have an AMM based liquidity pool which is liquid enough to allow lenders to earn transaction fees on their deposits. Also, through using smart routing algorithm for trade, Lattice will be able to make it possible for their users to execute trade across different platforms.
Another feature or advantage within Lattice is its advanced feature for pluggable institutional-grade order matching. This algorithm is developed in such a way that it is asset-specific (that is, multiple AMMs).
Lastly, in Lattice Exchange will be a governance token known as “Lattice (LTX)”; as earlier stated, the token will start as an ERC 20 token giving token holders rights when it comes to transaction fees and inflation/deflation.
CASE SCENARIO 2:
Many platforms in the crypto space choose a blockchain network for a specific purpose. Where most might argue that Ethereum blockchain is better others will say that of Binance chain or Tron is far better. Whichever be the case, the idea is to create a product which will be able to work in accordance with the objectives of the platform.
Talking about blockchains, many projects today all started on Ethereum blockchain before achieving their aims and moving to either another blockchain or to their own blockchain, like earlier stated, the idea is to achieve the required results.
From another angle, where most blockchains might claim to be faster, others might claim to be more secure and others might claim to have just little transactions fee. As usual, the idea is to achieve the required results.
That is to say that, in the crypto space today is filled with exceptional projects backed by experienced and dedicated professionals who believe the world is moving to the era of digital currencies and one of such professionals are those behind a project called Lattice Exchange.
Just like other projects chose their own blockchain for a particular purpose, Lattice Exchange chose its own for the purpose of speed, low cost of transactions, efficient liquidity pool etc, through this way bringing a turnaround in the DeFi ecosystem.
However, in order to work accordingly, Lattice will kick off on the Ethereum blockchain and when all things are in place, it will migrate to the Constellation protocol. Thus being powered by Constellation, Lattice will bring about a crypto asset trading products and services that push crypto currency trading further into the future.
Some of the outstanding attributes in Lattice is;
a. Lattice exchange through Constellation protocol will lead the evolution of the DeFi industry through bringing solutions such as better liquidity as well as more efficient asset-specific automated market-making algorithms suited for traders and liquidity providers.
b. The Lattice platform infrastructure through the Constellation protocol will also enable reliability in crypto asset trading and settlements. With this, Lattice will move forward into the blockchain industry with improved financial tools that are faster, cost-effective, secured, and scalable.
CASE SCENARIO 3:
Going down memory lane in the crypto space, there was actually a time when the trend as all about crypto exchanges. During that time, many exchanges were overtaken, others rose to prominence while others maintained a good position. Also, there was a time it was all about blockchain network, and as such, we started hearing about blockchain 3.0 and 4.0, yes that's true because Bitcoin being the first blockchain is known as blockchain 1.0 and Ethereum blockchain known as blockchain 2.0, others were then regarded as blockchain 3.0 and so on.
The essence of these is, there are different phases or trend in the crypto space when a particular trend starts the attention will be massive as they always aim to bring about a new innovation in the crypto space. With this in mind, and by looking at the crypto space today, DeFi projects are the latest trend now.
Talking about DeFi ecosystem, they have made tremendous growth towards a truly
decentralized financial system better than a centralized financial system (CeFi). Also, some of its advantages include good liquidity management and self-sufficient liquidity pools and borderless swaps with exchanges like Uniswap taking the lead. But however, irrespective of these wonderful advantages, current DeFi ecosystem is limited by issues which both affect traders and liquidity providers; issues such as high transaction fees and slow network speed.
Hence, owing to the advantages within DeFi as well as the potential it holds towards the future, Lattice Exchange comes to the rescue.
Thus, in a bid to solve the weaknesses of current DeFi projects, Lattice offers;
a. Better and bigger liquidity,
b. Efficient institutional-grade AMM algorithms,
c. Faster and cheaper settlement.
Lattice achieve the aforementioned possibilities by utilizing the Constellation HGTP.
This Constellation’s Hypergraph Transport Protocol (HGTP) is known in the crypto space to be the only secure communications protocol capable of connecting real-world applications through easy data tokenization.
Therefore, by solving the DeFi issues via leveraging the Constellation HGTP, Lattice offers exceptional reliability and usability to the DeFi ecosystem.
CONCLUSION
Just like everyone have their own way of seeing things, hence the reason for the three (3) different cases of Lattice exchange and why it is worth it. It also shows that Lattice is not just the regular Defi projects we come across every day, but rather a DeFi project with a unique touch.
Therefore, In whichever way, it is being seen that Lattice exchange is an exceptional DeFi project which aims to start the much-needed evolution to the DeFi ecosystem.
Furthermore, one of the criteria used to know a project from professionals is through their partnerships. This is because, by having partnerships shows the level of commitment and passion the team have for their project, thus through this way acquiring more audience and more growth.
With this in mind, Lattice has the following partnerships;
a. Real Satoshi.
b. Chronos Ventures.
c. Alphabit.
d. Cryptolabs.
e. FBG Capital.
f. Block 8848.
g. Crypto bridge.
h. Constellation.
Note: "This is a sponsored article written for a bounty reward".
USEFUL LINKS
LinkedIn: https://www.linkedin.com/company/lattice-exchange/
Twitter: https://twitter.com/LatticeExchange
Telegram: https://t.me/Lattice_exchange
Facebook: https://www.facebook.com/LatticeExchange
Whitepaper: https://lattice.exchange/Lattice-Exchange-Official-Whitepaper.pdf
Website: https://lattice.exchange/
Bounty0x Username: kingly