Instant Settlement Network: Accelerating Crypto Transactions
The Instant Settlement Network Layer is a network that allows participants to exchange digital assets in real time from anywhere in the world.
What is the Instant Settlement Network Layer?
The instant settlement network provides users with the opportunity to exchange digital assets globally at any time from all over the world, and in real-time terms of transfer that are seamless between network members. It is important to note that settlement networks exist on and off-chain – this reduced counterparty risk as all participants are working on the same networks, accessible via API’s and online portals.
This is the reason for the fact that each individual transaction is settled on a one-to-one basis, so there is no need to aggregate with other transactions.
Immediately if there are sufficient money in the participant’s account, all transaction in the network is irrevocable and final. All transactions in the network have an irrevocable status and will be executed as soon as possible if there are required resources for this. The Instant Settlement Networks provide the seamless transfer of digital assets via blockchain, providing a transformative solution to existing settlement systems with unnecessary intermediaries. This is a transformational solution to old-style settlement systems with unnecessary intermediaries.