Blockstream Acquires Bitcoin Wallet GreenAddress to Advance Sidechains Project
Open source blockchain developer Blockstream, notable for its endeavor for developing sidechains for the bitcoin blockchain has acquired multi-wallet provider GreenAddress. The acquisition, it says, will help the strengthen its sidechain platform. In an announcement yesterday, bitcoin blockchain-centric Blockstream revealed its acquisition of European multisig bitcoin wallet GreenAddress, in a move that will further accelerate its sidechains development platform. Founded in 2014, Malta-based GreenAddress was among the earliest bitcoin wallets to provide features like per-transaction....
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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....
Blockstream’s acquisition of GreenAddress, a Bitcoin wallet software provider based in Europe, has nothing to do with the Lightning Network, says Lawrence Nahum, CEO and founder of GreenAddress. Blockstream started developing the Lightning Network which is aimed at providing a scalable, instant Bitcoin/Blockchain transactions at a low cost. It is one of scalability ideas which has been proposed by the Bitcoin development community. Nahum reveals to CoinTelegraph that the acquisition is geared towards improving the wallet. He says: “Both teams from GreenAddress and Blockstream have strong....
Blockstream announced the acquisition of Bitcoin wallet provider GreenAddress on Wednesday. In a post on the company’s official blog, Blockstream President Adam Back noted, “GreenAddress has a demonstrated track record of delivering an industry-leading product that prioritizes security, privacy and convenience.” GreenAddress has been quick to implement new Bitcoin features, such as fee estimation and replace-by-fee, into its own wallet. Also, GreenAddress developer Lawrence Nahum is a supporter of the Bitcoin Core scalability roadmap and says he’s excited about the improvements that are....
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....
A collection of recognizable names from the Bitcoin space have teamed up under lead author Adam Back to release an official Sidechains whitepaper at Blockstream. Blockstream is the name of a new company dedicated to "working on trustless cryptographic infrastructure." The paper is available for download on the new Blockstream website. The sidechains concept first hit the public eye earlier this year when Back introduced the concept to the Bitcoin public as a replacement for altcoins and even Bitcoin 2.0 platforms. Fresh on the heels of the release of the long-awaited Sidechains whitepaper,....