Blockstream: a sidechained bitcoin Liquid will expand and will take a lot of new members


A sidechained bitcoin Liquid, launched last week in which at the moment there are 23 cryptocurrency exchanges, cheaply and quickly move large sums of money in the Bitcoin network. Company Blockstream, the Creator of the sidechained, said that in the future will join the network many existing cryptocurrency of the company.

Samson MOU, Director of strategic development of Blockstream, said in a recent interview that Blockstream plans to connect to the sidechained new members as needed.

The company announced the current list of participants Liquid: Altonomy, Bitbank, Bitfinex, Bitmax, BitMEX, Zaif, Bitso, BTSE, Buull Exchange, Coinone, Crypto Garage, Atlantic Financial, GOPAX, Korbit, L2B Global, OKCoin, The Rock Trading, DGroup, SIX Digital Exchange, Unocoin, Xapo, XBTO and BTCBOX.

Blockstream explains that the Liquid is a Federal shadchanim that allows the exchanges to share with each other bitcoins on behalf of their clients. The user requesting the address of the Deposit, will be given the address, the same bitcoin address, with the addition of the prefix CT.

The Liquid network is not as decentralized as Bitcoin network. Nevertheless, it is noted that it will not be completely controlled by one party, and its management will be carried out using functional servers belonging to cryptocurrency exchanges.

We will note, recently the bitcoin developer Jimmy song said that the sidechained Liquid is so named because it provides liquidity and can smooth price fluctuations on the market. According to him, the network Liquid is a “proper first step” towards connecting the side chains, sadanov that will allow safe use of the digital assets on different blockchains.

Recall that the official launch of Liquid was held on September 27.

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