Instant Settlement Network Layer provides participants with the ability to exchange various digital assets on a large scale, at any time and from anywhere with real-time settlement.
This settlement is carried out seamlessly between network participants, whether on or off the blockchain, thereby reducing counter-party risks. Participants work within the same network that can be accessed via APIs and online portals.
Transactions in the Instant Settlement Network Layer are settled in real-time, 24 hours a day, on a gross basis, and are not bound by waiting periods. Each transaction is completed one-on-one, without being combined with other transactions.
This transaction is final, cannot be cancelled, and will be completed immediately if there are sufficient funds in the participant's custody account. Instant Settlement Network Layer is capable of delivering seamless transfers of digital assets across the blockchain, bringing a transformative solution to traditional settlement systems that sometimes involve unnecessary intermediaries.
The Advantages Instant Settlement Network Layer:
- Large Scale Exchange: Enables the exchange of large amounts of digital assets, providing flexibility for participants.
- Real-Time and 24/7: Transactions can be completed at any time, 24 hours a day, providing endless convenience and accessibility.
- Gross settlement: Each transaction is parsed separately, avoiding grouping with other transactions.
- Final dan Irrevocable: Transactions are final and cannot be cancelled, providing legal certainty in settlement.
- Transformation Without Intermediaries: Deliver transformative solutions by eliminating unnecessary intermediaries in traditional settlement systems.
In conclusion, the Instant Settlement Network Layer not only brings efficiency in transaction settlement, but also opens the door to transformation for digital assets. The speed, accuracy and openness of this network make it a revolutionary solution amidst the evolution of the digital financial world.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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