August 13, 2022

Blockstream expands Liquid Federation, but LBTC adoption remains slow

b8a337b7 3819 42cf 9777 2a241b9952ec

Blockstream has added six more members to the federation that governs Liquid, the firm’s Bitcoin sidechain for inter-exchange settlement network.

The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, broker Watchdog Capital, and Liquid Network settlement platform Sideswap.

The #LiquidNetwork Federation grows to a total of 59 with six new members announced today. The six new members are @coinoswallet, Komainu, @nymproject, @side_swap, @vulpemventures, and @WatchdogCapital.

— Liquid Network (@Liquid_BTC) January 11, 2021

Liquid was announced at the end of 2015 as a Bitcoin sidechain designed to speed up Bitcoin transactions settlement for crypto exchanges. Liquid supports LBTC tokens that are pegged to Bitcoin. According to official data, there are currently 2,756 circulating LBTC, with the sidechain processing roughly 540 transactions each day.

The Liquid Federation now spans 59 members, including top cryptocurrency exchanges Bitfinex, OKEx, BitMEX, and Huobi, investment product provider CoinShares, and hardware wallet firm Ledger. Despite the federation’s expandingTitle: Blockstream expands Liquid Federation, but LBTC adoption remains slow
Sourced From:
Published Date: Tue, 12 Jan 2021 04:56:11 +0000