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....
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The seminal Bitcoin sidechains white paper “Enabling Blockchain Innovations with Pegged Sidechains,” released in 2014 by a team that went on to form Blockstream, a leading company in the blockchain space, envisaged an ecosystem of “sidechains” separate from the main Bitcoin blockchain but interoperable with it via peg mechanisms. A sidechain can carry bitcoin as currency, in which case users will be able to seamlessly transfer bitcoin between the sidechain and the main blockchain. A sidechain can implement more powerful scripting features or more watertight privacy. Increased throughput is....
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....
Nearly one year after the release of its sidechains white paper, bitcoin technology startup Blockstream has announced the first commercial application of the technology. Dubbed Liquid, the unlaunched offering will serve bitcoin exchanges, payment processors and traders by reducing the time in which bitcoin-denominated funds can be transferred between accounts at these institutions. Five major bitcoin startups - Bitfinex, BTCC, Kraken, Unocoin and Xapo - will operate the private sidechain, allowing partner exchanges to move funds between order books without the need to transfer funds on the....
Blockstream has just announced the rollout of Liquid, its first production sidechain on bitcoin. The company has been in collaboration with its launch partners, which include Bitfinex, BTCC, Kraken, Unocoin, and Xapo. It is also in discussions with another dozen major institutional traders and licensed exchanges, according to its blog post. The bitcoin network has currently been undergoing a lag when it comes to processing transactions, most likely due to the block size limit combined with the large growth in transaction volume over the past months. Liquid aims to provide a way to improve....
Blockstream has released a whitepaper detailing the Strong Federations system, the foundation for the Liquid sidechain project to improve privacy, costs, speed of value transfers and settlement among exchanges and brokerages. ‘An Interoperable Blockchain Solution’. Under the leadership of Adam Back, Blockstream has released a whitepaper dubbed “Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks.” The whitepaper delves into the intricacies of the federated pegs system that can be used to attach sidechains to Bitcoin. Although Blockstream has talked....