Blockstream Gains $55 Million Funding to Aid in Sidechains for Bitcoin's Blockchain
In an announcement today, Blockstream has announced that it has successfully raised $55 million in Series A funding, bringing the total capital raised in its funding run to $76 million. The influx of finances will help the company further develop its innovative sidechain technology. Blockchain-based Blockstream has announced significant new investment into its Series A funding today. Adding to a previous $21 million seed round, the total investment now stands at $76 million over the two rounds. According to a press release, the latest round was led by Hong Kong-based Horizons Ventures; AXA....
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The authors of the much-discussed Bitcoin Sidechains paper "Enabling Blockchain Innovations with Pegged Sidechains," released in October, formed the company Blockstream to implement sidechains and accelerate innovation in digital currencies. In November, Blockstream closed a $21 million seed funding round with nearly 40 high-profile investors. The Bitcoin Sidechains paper envisages an ecosystem of "sidechains" separate from the main Bitcoin blockchain but interoperable with it by means of two-way pegs, allowing for the transfer of assets between sidechains and the main blockchain. A....
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 has officially announced $21m in seed funding to continue the development of its much-anticipated blockchain technology proposal, 'sidechains'. Announced on the Blockstream website, the round was led by LinkedIn co-founder and Airbnb board member Reid Hoffman. Khosla Ventures, which has previously invested in bitcoin API developer Chain; and Canada-based seed fund Real Ventures. In total, Blockstream indicated 40 investors took part in the round. Blockstream CEO Austin Hill positioned the funding as proof that the wider tech industry is increasingly acknowledging the disruptive....
Blockstream, the new for-profit Bitcoin technology company that will be developing sidechains, already has some significant funding. As revealed by a Form D fundraising disclosure form filed at the beginning of the month, Blockstream has already secured over 15.1 million USD in series A funding, with potentially more to come. A Form D is filed with the SEC when funds are raised without prior approval from the SEC. However, since the SEC form is from three weeks ago, the numbers represented therein may not be presently accurate. Also read: Sidechains Whitepaper Authors Will Conduct Reddit....
Bitcoin infrastructure architect Blockstream has acquired wallet provider GreenAddress in a move the startup says could impact the development of its signature, still in-development sidechains solution. Following the acquisition, GreenAddress Wallet's team of three developers will continue to work on privacy and security bolstering features for the wallet as well as compatibility for sidechains, a bitcoin infrastructure component that Blockstream has raised $76m in two investment rounds to engineer. In interview, former GreenAddress founder and CEO Lawrence Nahum, now senior architect at....