Sentences with phrase «liquid sidechain»
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.
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The company has been busy in the background, launching a beta of its banner sidechains project and announcing its first commercial product, Liquid, which is aimed at speeding up transfer times between bitcoin exchanges, in 2015.
The Liquid network is a federated sidechain designed to provide new features and benefits to exchanges, users, and businesses by leveraging a sidechain which will process transactions more quickly and efficiently than the main Bitcoin blockchain.
He noted the launch of Liquid, a new sidechain developed by industry startup Blockstream as proof that the bitcoin blockchain is versatile enough to meet the demands of institutions that want to develop private blockchain networks, while still gaining access to the security and network effect of the bitcoin blockchain.
Bitcoin startup Blockstream's first sidechain, dubbed Liquid, is launching in beta on the live bitcoin network.
Where both Liquid and RSK for now apply a «federated» model, where the sidechain is secured by a group of semi-trusted «gatekeepers,» drivechains would be secured by bitcoin miners.
Blockstream released its first open - source code for sidechains last summer, later moving to debut a sidechains projects dubbed Liquid aimed at bitcoin exchanges.
The Blockstream developed the sidechain prototype Alpha and used several major Bitcoin exchanges to test the sidechain Liquid.
team announced it project Liquid, which is also a sidechain that enables liquidity through partnered exchanges.
The first implementation of a strong federation will be Liquid, a private sidechain that establishes a security profile inherently for rapid transfer and settlement among exchanges and brokerages.
In October 2015, the company launched its own sidechain Liquid, which extends blockchain functionality and allows users rapid transfer and settlement in a separate high - volume and low - fee secure cryptographic system.