Bitcoin’s First Sidechain is Blockstream’s ‘Liquid’

Bitcoin’s First Sidechain is Blockstream’s ‘Liquid’

On October 13, Blockstream announced its first sidechain project: Liquid. The first production sidechain is a platform that will allow rapid liquidity between Bitcoin exchanges and brokers. Five services collaborated with Blockstream’s developers, Bitfinex, BTCC, Kraken, Unocoin, and Xapo will operate the private chain together sharing order books. Liquid will provide processors reduced accounting time within trading to produce a more fluid exchange arrangement. Founding member and Chief Instigator, Austin Hill states: “As a Bitcoin-centric company, we are excited to be delivering a....


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Liquid network block production resumes following transaction processing issues

Pending Liquid transactions had been queued in the mempool for roughly 22 hours after the network reported an issue which caused "block signer nodes failing to validate certain parameters against each other." Block production on Blockstream’s Liquid network has resumed after technical problems related to a functionary upgrade caused many transactions to queue for hours.In a Monday update from a Liquid oversight board member identified only as Wiz, Liquid’s failsafe mode was activated yesterday as “an unexpected issue occurred causing block signer nodes failing to validate certain....