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- Layer 3 Foundation launches Yellow Clearing Network testnet, promising secure trading without counterparty risk on blockchain.
- Financial innovation moves forward with ClearSyncTM and Layer 3, seeking participants for testnet that starts January 22.
can you imagine a world where financial transactions are secure, decentralized and free of counterparty risk? That’s what the Layer 3 Foundation is building with its Yellow Clearing Network. This network, now entering its testing phase, could revolutionize trading as we know it.
The Beginning of a Decentralized Future
On January 22, 2024, Layer 3 Foundation will kick off with a closed beta on Duckies, its Canary Network. This testnet is key to testing the network’s trading terminal, including opening and closing settlement channels and settling blockchain custody trades.
do you have a passion for blockchain technology and trading? Layer 3 is looking for individuals with experience in financial markets and testnets. If you have influence in your community, your profile is ideal! Successful candidates will be a key part of the evaluation and refinement process of the platform.
ClearSyncTM: The Solution to Counterparty Risks
The ClearSyncTM protocol is the crown jewel of the Yellow Settlement Network, ensuring that parties have sufficient collateral to meet trades and maintaining safe capital limits.
Closed Beta Expectations
The results of this closed beta will be vital to polish the platform before opening the testnet phase and its general launch. Louis Bellet, a key contributor to Layer 3, says the introduction of this technology is a turning point in the evolution of blockchain.
What’s next for Layer 3 Foundation
With user feedback, Layer 3 plans to introduce cross-chain settlements and improve security measures. This testnet is a critical step toward mass adoption and the listing of its token.
About Layer 3 Foundation
The Layer-3 Foundation’s mission is to develop a stateful channel-driven ecosystem as a fintech scalability standard for the Internet’s evolution to Web 3.0. Yellow Clearing Network comes as a P2P solution for trading, settlement and settlement, offering a secure trading space without the need to lock assets.
About ClearSync Ltd.
UK-based ClearSync Ltd. is the technology research center behind the ClearSyncTM protocol, a set of automated smart contracts to protect the settlement and settlement of assets.
For more information, interested parties can learn more at https://www.layer3.foundation/ and https://www.yellow.org/ and contact Anastasiia Bobeshko, Head of Business Development and Marketing.
are we looking at more decentralized trading?
Layer 3 Foundation’s proposal promises not only to advance blockchain technology, but also the concept of safer and more efficient trading. The fintech and cryptocurrency community is watching with anticipation how the Yellow Settlement Network and ClearSyncTM can change the digital finance system.
