Blockstream announces Liquid movement of Bitcoin quickly and securely between exchangeshttp://www.ibtimes.co.uk/blockstream-announces-liquid-movement-bitcoin-rapidly-securely-between-exchanges-1523824Blockstream has announced Liquid, its first commercial sidechain application, which moves Bitcoin rapidly between exchanges without the existing host of liquidity inefficiencies, capital reserve requirements and counterparty risks.
Blockstream, which includes crypto luminaries such as Adam Back, Gregory Maxwell and Pieter Wuille, said its initial launch partners include Bitfinex, BTCC, Kraken, Unocoin, and Xapo. Discussions are underway with another dozen major institutional traders and licensed exchanges, added Blockstream in a statement.
Blockstream uses a "two-way peg" system to attach interoperable sidechains to the blockchain and introduces secure layers of innovation into the Bitcoin network.
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