Blockstream’s Liquid Sidechain Solution for Bitcoin Network Goes Live

-

By Molly Jane Zuckerman | cointelegraph

The Liquid Network sidechain for the Bitcoin (BTC) blockchain went live on Sept. 27, according to an Oct. 10 post from Blockstream.

Blockstream is a blockchain development company founded in 2014, with Samson Mow as its CSO. The Liquid Network project, first announced in 2015, was then launched by Mow and Joseph Weinberg of Paycase in 2017 in order to allow for better liquidity between Bitcoin exchanges and brokers.

According to Blockstream’s blog post, the Liquid blockchain generated its first block on Sept. 27, 2018 at 1:29 UTC with participation from 23 crypto industry members including Bitfinex, OKCoin, BitMEX, and the SIX Digital Exchange.

The blog post explains that Liquid aims to allow for faster transactions with Bitcoin between businesses and individuals with the use of its features. These include a native Liquid Bitcoin (L-BTC) asset backed by a “two-way peg” to Bitcoin, Issued Assets bringing “bitcoin-like features to traditional assets,” and its Confidential Transaction Technology.

Blockstream’s post also notes that more features will be added in the future, including the integration of the GreenAddress wallet and third-party hardware wallet support from Ledger and Trezor.

According to the FAQ page, the Liquid Network differs from the Lightning Network (LN) — a second-layer solution for Bitcoin — in that its transactions are not “limited in amount to channel capacity.” In July, payment service CoinGate launched an LN trial for 100 merchants, including esports betting websites, online stores with crypto merchandise, and adult entertainment websites.

 Published in: https://cointelegraph.com/news/blockstreams-liquid-sidechain-solution-for-bitcoin-network-goes-live

See more at: Morisberacha.com

Comentarios

Publicar un comentario

Entradas populares de este blog

A Race for Blockchain: IBM, Microsoft, Lenovo explore DLT

-
Imagen
Blockchain, cryptocurrency, and other innovative techs have significant disruptive potential. Within the course of time, this fact becomes obvious not only for community enthusiasts but also for traditional industry players. That is probably the major reason for world electronic bulls to explore the innovative possibilities to boost their own progress. Microsoft showed interest in blockchain technology back in 2018. They announced their plans to apply the technology behind Bitcoin (the leading crypto by market cap) in its decentralised IDs (DIDs) App. The company was support DLT-based DIDs through Microsoft Authenticator App. However, as of now, the project seems to be frozen.    Unstoppable IBM    IBM, another technological giant, has has shown interest in exploring blockchain and cryptocurrency techs even earlier, in 2015. As of now, the company is known to take part in several related projects.   In January 2019, Ford Motor comp...
Leer más

Cryptocurrency Universe Expands Far Beyond Bitcoin

-
Imagen
The code base is increasing and improving every day as computer science graduates from top schools jump on board. By Aaron Brown A sort of “cryptobrawl” broke out last month at the Milken Institute Global Conference between economist Nouriel Roubini and panel participants more optimistic about the future of cryptocurrency technologies. I had the opportunity to participate in a partial rematch at Battle of the Quants, where Roubini was just as negative and DMS Governance's John D’Agostino presented a moderate defense. All of the heat concerns the border of crypto and traditional finance, but much of the important stuff is happening far from the border. For example, one of Roubini's claims is that advances in financial technology by existing financial institutions and startups are delivering on many of the promises of crypto-enthusiasts, and these will continue to transform financial markets. That’s true. However, many of those advances were spurred by the threat of ...
Leer más

Small-business owners more optimistic at the start of 2020, the NFIB says

-
Imagen
The numbers: Small businesses turned more optimistic about sales and profits in the first month of 2020, but they are still struggling to find qualified workers, according to a closely followed survey. The National Federation of Independent Business said its index of small-business optimism rebounded from a small dip in at the end of last year, rising to 104.3 points in January from 102.7 in December. Business owners were more confident that sales would continue to rise and help support higher profits, the NFIB said. What happened: The net percent of owners who expect higher inflation-adjusted sales in the months ahead rose by 7 points to 23%. By and large, business owners were nonplussed by the impeachment trial of President Donald Trump. A gauge that measures uncertainty was basically unchanged. The biggest worry of small businesses continues to be a shortage of skilled employees available for hire. A quarter of owners say it’s their No. 1 problem — more than taxes or re...
Leer más