TagSidechain

'Liquid Network': Blockstream's Bitcoin Sidechain is Now Live

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Samson Mow, chief strategy officer at Blockstream, announced today that the blockchain startup has launched the Liquid Network, a Bitcoin sidechain. Liquid is, as described by the company, "an innovative sidechain built on the Bitcoin network, facilitating faster bitcoin transactions between businesses and individuals, while enabling extended functionality." The main purpose for the technology is...

Blockstream Gains $55 Million Funding to Aid in Sidechains for Bitcoin's Blockchain

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In an announcement today, Blockstream has announced that it has successfully raised $55 million in Series A funding, bringing the total capital raised in its funding run to $76 million. The influx of finances will help the company further develop its innovative sidechain technology. Blockchain-based Blockstream has announced significant new investment into its Series A funding today. Adding to a...

Blockstream Announces Liquid – the First Sidechain for Bitcoin Exchanges

Blockstream has announced its first Bitcoin sidechain called Liquid, set to be launched in early 2016. The sidechain will serve payment processors and brokerages among a dozen other major traders and licensed exchanges with instantaneous and secure transactions. Months after releasing the source code of Sidechain Elements - a codebase for developers to experiment and build sidechains...

Blockstream Unveils Sidechain Elements, "Open Source Code … For Advancing Bitcoin"

Blockstream has been working on projects to extend Bitcoin for quite some time. It is one of a few such companies that believe that the block chain, and Bitcoin more generally, can be extended beyond its current abilities, and that experiments can take place which later on could benefit Bitcoin itself. One of its long-awaited projects has now been released to the community, Sidechain Elements...

Vitalik Buterin Wins 2014 World Technology Award, Denounces Bitcoin Maximalism

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Vitalik Buterin won the 2014 World Technology Award for the category "IT Software," beating Facebook founder Mark Zuckerberg. The Award recognizes Buterin's leading role in the design and development of Bitcoin 2.0 platform Ethereum. Earlier this year Buterin, featured in The Rise and Rise of Bitcoin documentary, won the prestigious Thiel Fellowship for developing Ethereum, a peer-to-peer network...

Blockstream - Billionaire Entrepreneurs Betting Big on Bitcoin

In another case of billionaires betting big on Bitcoin and the blockchain technology, a number of technology entrepreneurs have come together to work on a Bitcoin project. The group of entrepreneurs who have previously worked with companies such as LinkedIn, Sun Microsystems and Yahoo have so far contributed a total of US$ 21 million to Blockstream. Also read: SEC Form Shows Bitcoin Technology...

A Simple Explanation of the Awesomeness of Bitcoin Sidechains

The publication of the long-awaited sidechains whitepaper last week and the Reddit AMA with its authors took the Bitcoin world by storm and generated significant enthusiasm. At the same time, the whitepaper is quite technical and not easy to understand without a careful study, and most of the questions and answers on Reddit were deeply technical as well. Now Richard Brown of IBM UK offers a...

Bitcoin 2.0 Will Be a Very Big Deal

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TechCrunch columnist Jon Evans has written a new article on the emerging "Bitcoin 2.0" phenomenon. He describes "strange, interesting, and wildly ambitious" projects like Zerocash, Ethereum and Sidechains, and concludes that the next iterations of blockchain technology could be a big deal. Using the "Bitcoin 2.0" label is sometimes criticized, not last because, strictly speaking, we aren't even...

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