By early 2015, Blockstream engineers decided to implement a new feature in the company's prototype
sidechain Elements, which was publicly announced in June of that year.
Sidechain Elements includes functioning code and a testing environment for working with sidechains with several components: the core network software to build an initial testing sidechain, eight new features not currently supported by Bitcoin, a basic wallet and the code for moving coins between blockchains.Blockstream's CTO and Bitcoin Core developer Gregory Maxwell explains
Sidechain Elements in a video on the Blockstream website.
Now Blockstream has announced
Sidechain Elements, a sidechain development framework with open source code and developer sidechains.
With the release of
Sidechain Elements, Blockstream is moving this effort into the community.»
Blockstream will seek to provide
Sidechain Elements as a base for the nearly 30 blockchain innovation initiatives that have been announced by major financial institutions in the past few months.
The start - up released the open source
Sidechain Elements in June.
Called
Sidechains Elements, the launch is the first major release for the bitcoin startup since it published its white paper last fall.
Not exact matches
Artists visited the Sony CSG Audio department in London and experienced how Couthier had grouped stems based on sonic characteristics so he could design
sidechaining rules which only target musical
elements potentially in conflict with specific sound and dialogue content.
Although bitcoin developer Chris Stewart argued on social media that trustless
sidechains are actually ready to be deployed (the code has been put through its paces on a test
Elements sidechain), he asserts that bitcoin's current political climate has perhaps stopped it from being implemented.
One of these is Confidential Transactions, which was mostly developed by Bitcoin Core and Blockstream developer Gregory Maxwell and is currently deployed on Blockstream's
Elements Alpha
sidechain.
It's also been testing privacy features on
Elements sidechains, including using «confidential transactions» - a technique first proposed by Back - to shield transaction amounts from non-participants in the system.
Since then, the company has had a series of successful developments, including the creation of the
Elements Project, an open - source project that allows developers to build and test their
sidechain creations like Rootstock (RSK), Gem and the
Elements Apha, a fully functional
sidechain that is pegged to testnet3 Bitcoin and includes all «production - ready»
Elements like Segregated Witness and Confidential Transactions.