Cryptocurrency networks aim to be natively secure and peer-to-peer, yet their markets suffer from the added friction, risk, and cost of trusted third parties. As a result, liquidity is constrained in silos.
Hashed Timelock Contracts (HTLCs) and Atomic Swaps represent the critical elements for programmable money, allowing users to not only save on unnecessary fees, but also significantly reduce counterparty, settlement, and custodial risks. Through these base-layer smart contracts, we can build a value management system that enables shared, accessible, and efficient liquidity networks.
By removing dependencies on trusted third parties, risk and cost are minimized; no more unnecessary fees, tokens, deposits, and withdrawals to transact
Retain control, custody, and security over your own keys and funds
Atomic swaps are programmatically guaranteed to either happen securely or not happen at all
Atomic swaps of cryptocurrencies across different blockchains enable cross-chain interoperability
All code is open source and promotes freedom. Additionally, no fees or membership tokens are mandated upon the user to participate in Liquality
A reference library for developers that abstracts away blockchain logic for simple cross-chain interoperability and development.
Projects that are using the Chain Abstraction Layer include: Atomic LoansBuild with the Chain Abstraction Layer