What is a Blockchain Sidechain All About?

What is a Blockchain Sidechain All About?

If you've been keeping track of developments in the bitcoin industry, you'd know that the blockchain refers to the public ledger of transactions associated with the cryptocurrency. As the bitcoin ecosystem has grown in size and scale throughout the years, the blockchain has also increased considerably in length and storage size, prompting debates on whether or not to increase its block size limit. This has led to the concept of a sidechain, which are separate from the main bitcoin blockchain but would be interoperable with a two-way peg. This could allow for the transfer of assets between....


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Blockstream to Launch First, Instant-Settlement Sidechain for Bitcoin Exchanges

Blockstream has announced it will launch its first commercial Bitcoin sidechain by early 2016. The sidechain, codenamed "Liquid," offers instant transactions, providing a fast settlement layer for bitcoin exchanges, brokerages and other industry members. As its main advantage, Liquid provides instant and secure transactions among all users of the sidechain. While Bitcoin transactions can typically take up to an hour to be sufficiently secured by the blockchain, Liquid offers a similar level of security within seconds. Blockstream, which received a $21 million funding round last year and....

Blockstream Starts Development on the Lightning Network

The authors of the much-discussed Bitcoin Sidechains paper "Enabling Blockchain Innovations with Pegged Sidechains," released in October, have formed the company Blockstream to develop new ways to accelerate innovation in digital currencies, open assets and smart contracts. In November, Blockstream closed a $21 million seed funding round with nearly 40 investors, including well-known pioneers of the Internet and financial services sectors. The Bitcoin Sidechains paper envisages an ecosystem of "sidechains" separate from the main Bitcoin blockchain but interoperable with it. A sidechain can....

Blockstream Announces Liquid - the First Sidechain for Bitcoin Exchanges

Blockstream has announced its first Bitcoin sidechain called Liquid, set to be launched in early 2016. The sidechain will serve payment processors and brokerages among a dozen other major traders and licensed exchanges with instantaneous and secure transactions. Months after releasing the source code of Sidechain Elements - a codebase for developers to experiment and build sidechains, Blockstream, a startup comprising of a group of core Bitcoin developers has announced the first commercial application of sidechain technology with Liquid. Blockstream, having raised $21 million in venture....

Blockstream's Pieter Wuille Proposes Tree Signatures for Improved and Flexible Multisig Bitcoin Transactions

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Bitcoin Startup Blockstream Seeking Patent for Sidechain Design

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Quotes

There are more people in the world who need a currency they can trust than there are people in the world who can trust their currency.

Wences Cesares (Xapo CEO)