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Title: [2018-10-10] Blockstream's First Bitcoin Sidechain Has Finally Arrived Post by: gentlemand on October 10, 2018, 06:43:49 PM https://www.coindesk.com/liquid-goes-live-blockstreams-first-bitcoin-sidechain-has-finally-arrived/
This has been a long time in gestation. One of the more intriguing aspects is how much space this will free up on the Bitcoin chain. I'd guess a minimum of 30% and maybe much, much more is purely used up moving from exchange to exchange. The places signed up for this account for over 50% of trading volume. It doesn't look like a true sidechain as people originally envisaged one but no doubt it's going to be picked up by plenty of places. Innovation or the beginning of quasi centralised hell? Title: Re: [2018-10-10] Blockstream's First Bitcoin Sidechain Has Finally Arrived Post by: squatter on October 10, 2018, 08:30:03 PM Innovation or the beginning of quasi centralised hell? I was never very interested in federated sidechains. How far can you trust a dozen or two entities not to collude and steal funds? I'm actually pretty skeptical of all sidechains as currently conceived, from a security perspective. But from an arbitrage perspective, it makes sense. If you're holding BTC on Exchange A and send via the blockchain to Exchange B, you're already trusting both exchanges. From that perspective, using Liquid is probably worth it for instantly credited transfers between trusted third parties. |