Bitcoin startup Blockstream is launching a platform that lets users launch their own tokens by utilizing its bitcoin sidechain, Liquid.
Launched at CoinDesk’s Consensus conference 2019, the Liquid Securities platform is the first product Blockstream has launched on top of its Liquid Network sidechain, a network tied to the bitcoin blockchain with faster coin transfers and better built-in privacy.
RIF Labs, which developed the RSK Network for ethereum-like tokens and smart contracts on top of bitcoin’s blockchain, has launched a “third-layer solution” to help scale this technology.
After more than a year in the works, the Lumino project is now officially live, RIF said Tuesday. The Gibraltar-based firm, parent of the startup RSK Labs, claims Lumino can handle up to 5,000 transactions per second (tps).
Blockstream's Liquid Network has expanded to include 14 new members. With these additions, Liquid’s client base now boasts 35 institutions.
The company also announced that Liquid is now available on Bitfinex and RenrenBit, a crypto finance app. Essentially, it means that users of these platforms can now access Liquid Bitcoin withdrawals and deposits.
In addition, the news heralds some of the network’s future projects, including the launch of Tether (USDT) and Stably (USDS), two dollar-backed stablecoins on the network.
Just-launched blockchain technology startup Horizen Labs has raised $4 million in a seed funding round.
Participating in the round were VC firms Digital Currency Group (DCG) and Liberty City Ventures, as well as other independent investors.
The U.S.-based startup had initially been looking to raise $2 million, but ultimately received double its target amount, it said in an announcement Thursday. The firm – an entity spun off of Horizen (formerly ZenCash) – was officially launched yesterday.
Bitcoin-built smart contract platform RSK (a.k.a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond.
The company has been acquired by RIF Labs, a development lab that was established by a handful of RSK’s own founders, including CEO Diego Gutierrez-Zaldivar and Chief Scientist Sergio Demian Lerner, who will both assume the same roles at RIF.
Blockstream has released a full node and wallet client for its newly released Liquid, along with a fresh-out-the-box block explorer to monitor transactions and other data on the sidechain.
With a mission to establish “an inter-exchange settlement network,” Liquid was launched last month. The platform is a sidechain built out of Bitcoin’s mainnet that allows its users to swap bitcoin 1:1 for a token on Liquid’s sidechain (L-BTC).
New blockchains are born all the time. Bitcoin was the lone blockchain for years, but now there are hundreds. The problem is, if you want to use the features offered on another blockchain, you have to buy the tokens for that other blockchain.
But all that may soon change.
One of the most-anticipated bitcoin projects is planning a live network launch later this year.
Revealed in an interview with CoinDesk, startup RSK aims to soon go live with technology that will bring smart contract functionality to bitcoin in the form of an interoperable sidechain. According to RSK co-founder and chief scientist Sergio Lerner, with the formal launch, users will be able to use ethereum-like tools on bitcoin for the first time.
As profiled by CoinDesk, sidechains allow for tokens to be traded back and forth between bitcoin and other blockchains with different technical properties.
A pseudonymous developer is seeking to refresh an old idea for boosting bitcoin's functionality.
Named 'proof-of-mainstake,' the paper proposes an incentive system for the mining of sidechains, blockchains with alternative rulesets that developers believe could one day be "attached" to bitcoin.