Liquid by Blockstream

[minefarmbuy]

Looking for thoughts on the federated union of exchanges using a tokenized sidechain of the Bitcoin network called Liquid.

[1714706954]

1714706954

[1714706954]

1714706954

[1714706954]

1714706954

[1714706954]

1714706954

[1714706954]

1714706954

[1714706954]

1714706954

[Micronometer]

Blockstream by liquid seems good on paper. Its implementation of whitepaper federation is very intriguing.

[Angleworm]

Liquid's main objective is to carry large volume of transactions efficiently. It is intended to enhance bitcoin based exchange's speed and cost of settling extensive volume.

[Antinomist]

Liquid's suggestive solution to slow time consuming transaction is they will centralize the process to some extent by appointing some institutions which will validate the transactions after pulling them from the main chain. In short, it compromises decentralization.

[Symptomatic]

Liquid network is created on the bitcoin network with the concept of bitcoin sidechain. It makes transaction faster through blockchain ledger.

[rindo]

Blockstream is a company that specializes in blockchain development projects and has been working on a new sidechain for Bitcoin since 2015. Following the founding of the company in 2014, the launch of The Liquid Network project was announced in 2015. The objective of the project is to facilitate liquidity operations between brokers and trading platforms that deal with Bitcoin.

Blockstream states that Liquid Network is a Bitcoin sidechain that enables faster transaction processing. It comes with additional advantages in data security and user confidentiality.