Bitcoin Wallet Specter Integrates Liquid Sidechain Network

2021-10-21 16:00

Users can now transact on the Liquid Network with the software and hardware Specter wallets.

Specter Solutions has integrated the Liquid Bitcoin sidechain network into its desktop and hardware wallet solutions and added support for Blockstream's hardware wallet Jade, according to a release sent to Bitcoin Magazine. The integration will enable Specter users to transact in the Liquid Network with Jade and Specter hardware wallets.

"At Blockstream, we believe self-custody is a fundamental right," said Samson Mow, chief strategy officer at Blockstream. "Running a node, whether it is Bitcoin itself or a layer-2 solution like Liquid or Lightning, unlocks the full potential of the asset and the ability to self-bank. We look forward to continuing our work with Specter to help make running a node more accessible and enjoyable for the everyday Bitcoiner."

Liquid is a federated sidechain of Bitcoin, meaning it is a separate blockchain network, different from Lightning which runs on top of the Bitcoin blockchain as a layer-2 solution. Blockstream created Liquid to empower traders and exchanges with faster and confidential transactions and the ability to issue digital assets at the expense of a few tradeoffs.

Liquid allows bitcoin to flow between the Liquid and Bitcoin networks with a two-way peg. Bitcoin used in the Liquid network is referred to as L-BTC, and its verifiably equivalent amount of BTC is managed and secured by the network's members, called functionaries.

However, functionaries can be interpreted as requiring trust in third parties because although full nodes can ensure functionaries' correct behavior by verifying transactions and peg-ins, only functionaries have the power to secure the network.

The uprising of different options for users to interact with and leverage the Bitcoin network is a net positive, but the tradeoffs are essential to understand. Liquid is a meaningful tool for a particular set of use cases, primarily for exchanges and high-frequency traders. Still, everyday users might be put off by the introduction of trust and permission into pegging in and out of a BTC IOU — which goes against some principles of Bitcoin.

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network liquid specter wallets software hardware integrates

Источник: bitcoinmagazine.com

network liquid → Результатов: 126


В сайдчейне биткоина Liquid Network произошел сбой

Сайдчейн Liquid Network более 14 часов не добавляет новые блоки. В сети растет число неподтвержденных транзакций. The post В сайдчейне биткоина Liquid Network произошел сбой first appeared on ForkLog.

2021-10-6 15:37


Фото:

Blockstream запустил сайдчейн биткоина Liquid Network

Операционный директор блокчейн-стартапа Blockstream Самсон Мау (Samson Mow) сообщил о запуске Liquid Network – инновационного сайдчейна биткоина, “предоставляющего возможность проводить быстрые, безопасные транзакции с соблюдением конфиденциальности, которые так необходимы биржам, брокерам, маркетмейкерам и финансовым учреждениям по всему миру”.

2018-10-11 22:40


Blockstream Launches Liquid Network, Exchanges Can Now Transfer Bitcoin in Under 2 Minutes

With blockchain advancement once resting on the shoulders of beleaguered, boot-strapping developers, some would fire up the afterburners in a push to deliver tomorrow’s markets, today. Blockstream, one of the industry’s most heavily sponsored development powerhouses, unveiled a Lightning Network-style solution permitting the largest stakeholders in the game to transfer wholesale quantities of Bitcoin in […] The post Blockstream Launches Liquid Network, Exchanges Can Now Transfer Bitcoin in Under 2 Minutes appeared first on CryptoSlate.

2018-10-10 19:05


Фото:

Blockstream’s Liquid Network Could Be Vulnerable to Hardware Backdoors

Bitcoin technology company Blockstream has conceded its flagship Liquid Network could be susceptible to hardware vulnerabilities. Following recent disclosures that certain Chinese-manufactured motherboards contain backdoors, Blockstream has authored a post conceding that such an exploit could allow an attacker to infiltrate their off-chain bitcoin transfer system.

2018-10-6 10:50


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