Blockstream to Launch First Sidechain for Bitcoin Exchanges

By October 13, 2015Bitcoin Business

water, liquid Nearly one year after the release of its sidechains white paper, bitcoin technology startup Blockstream has announced the first commercial application of the technology.

Dubbed Liquid, the unlaunched offering will serve bitcoin exchanges, payment processors and traders by reducing the time in which bitcoin-denominated funds can be transferred between accounts at these institutions.

Five major bitcoin startups – Bitfinex, BTCC, Kraken, Unocoin and Xapo – will operate the private sidechain , allowing partner exchanges […]

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