Tag: Blockstream

Blockstream Founder Adam Back ‘Checks All The Boxes’ as Satoshi

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In a recent Cointelgraph interview, Ethereum co-founder and Cardano founder Charles Hoskinon said that he believes that Adam Back “checks all the boxes” as a Satoshi Nakamoto candidate. The puzzle of Satoshi’s true identity never seems to get old. Although Hoskinson admits that he does not have any hard evidence connecting the Blockstream’s founder to the pseudonymous Bitcoin creator, he did make a mental profile of Satoshi — Back seemingly has a perfect fit. Hoskinson believes that Satoshi was somebody, who lived either in Western Europe of the coastal United…

Blockstream Satellite 2.0 Allows Users to Synchronize Bitcoin Node Without Internet Connection

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Blockstream, the Canada-based distributed ledger technology (DLT) project dedicated to improving the Bitcoin (BTC) network, has announced the launch of Blockstream Satellite 2.0. The team says the latest upgrade comes with a standards-based transmission protocol, additional bandwidth, and coverage areas, while also allowing users to synchronize the entire Bitcoin node without an Internet connection, according to a blog post on May 4, 2020. Blockstream Bitcoin Satellite Gets Even Better Building upon the success of Blockstream Satellite 1.0, a first-of-its-kind satellite designed to provide over four billion people across the globe…

‘Nothing Is Above Bitcoin, No CBDC, No Stablecoins,’ Says Blockstream CEO Adam Back

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In an exclusive interview with Cointelegraph, Blockstream CEO Adam Back stated that for him, nothing is above Bitcoin, not even stablecoins or other coins issued by central banks. Adam Back invented the hashcash proof of work system, and was one of the first people to work with Bitcoin (BTC). In addition, he was present this year at the G20 meetings in Japan, where he spoke about the positive uses of blockchain. At G20, sitting next to the president of the Dutch central bank, Back said he believed the blockchain would…

Bitcoin Dominance ‘Reverting to Mean’ of 90%, Says Blockstream CEO

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Bitcoin (BTC) is reverting to its historical 90%+ market dominance at altcoins’ expense, one of the industry’s best-known figures has declared. Back: Bitcoin will hit 90% dominance again In a Twitter debate with Primitive Fund co-founder Dovey Wan on Sept. 9, Blockstream CEO Adam Back said altcoins’ previous supremacy was a temporary feature of the cryptocurrency space.  Wan had queried whether Bitcoin would continue making market cap gains, and if these would become a permanent new status quo.  As Cointelegraph reported, Bitcoin’s share of the overall crypto market cap now…

Square Crypto Hires Blockstream Co-Founder, Open Source Bitcoin Dev

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Square Crypto, the cryptocurrency-focused branch of mobile payment company Square, has hired Blockstream co-founder and Bitcoin (BTC) developer Matt Corallo. Square Crypto announced the news in an official Twitter post on Aug. 20. Matt Corallo also commented on the announcement, saying: “So excited to be joining the @sqcrypto team over the coming weeks. Experimenting with different models to accelerate Bitcoin OSS is awesome!” As indicated in his Twitter post, Corallo is a Bitcoin Open Source Developer who previously worked at Bitcoin development company Chaincode Labs. Per his LinkedIn profile, Corallo…

Blockstream Reveals Secret Mining Project Geared at Improving Bitcoin Decentralization

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On August 8, Canadian company Blockstream unveiled Blockstream Mining, a new solution to host and manage Bitcoin mining equipment at facilities located in Quebec and the United States. The project also includes a mining pool based on the BetterHash protocol. Blockstream Emerges in Mining Blockstream, a leading Bitcoin development company famous for its innovative service that provides free access to the Bitcoin network through satellite, announced on August 8, the launch of several Bitcoin mining infrastructures in Quebec, Canada, and Georgia, United States. Adam Back, CEO of Blockstream, said the…

Bitcoin Lightning Network Works on Liquid Sidechain, Blockstream Confirms

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Bitcoin (BTC) users can now take advantage of the Lightning Network while sending coins on Blockstream’s Liquid sidechain.  Bitcoin’s Lightning Network designed to work across multiple chains Following the debut of support for stablecoin Tether (USDT) on Liquid, Blockstream CEO Adam Back confirmed on Twitter that the technology can also support Lightning payments. Using a combination of Lightning and Liquid allows users to benefit from the speed and low cost of off-chain transfers, along with the specific advantages of Liquid itself. “It’s not so widely known but Lightning protocol is…

Store, Send, and Receive Liquid Bitcoin (L-BTC) on Blockstream Green

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The Liquid Network, the world’s “first production Bitcoin sidechain”, is now accessible from the mobile wallet Blocksream Green. The update is supported on both iOS and Android, and allows its users to take advantage of Liquid Bitcoin in a simple and direct way, as revealed in an official blog post, July 5, 2019. Liquid Network for the Masses The Liquid Network is the first bitcoin sidechain created by Canadian company Blockstream and was officially made available on the Bitcoin network in October of 2018. For the uninitiated, sidechains are secondary…

Blockstream Introduces Atomic Swaps on Liquid Bitcoin Sidechain

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Blockstream created an ‘experimental’ tool that enables users to trade ‘trustlessly’ between tokens launched on its local Liquid sidechain. According to their tutorial published on Medium, Liquid Network (LN) users can now generate Bitcoin Lightning payment channels using c-lightning. That development is a noteworthy milestone as Liquid users can now make Liquid-Bitcoin (L-BTC) transactions instantly and privately. Plans are underway to extend this feature to cover other assets on the Liquid sidechain including fiat tokens and tokenized stocks. The platform is known as Liquid Swap Tool. It uses ‘atomic swaps’…

Blockstream Announces Liquid Atomic Swaps for Bitcoin and Crypto Assets

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Blockstream has announced the creation of an atomic swap platform called Liquid Swap Tool according to official documentation on its website, announced in a Tweet, July 1, 2019. The Bitcoin infrastructure developer says the Liquid Swap tool enables users to carry out atomic swaps on all assets hosted on the Liquid Network. Atomic Swaps on the Liquid Network According to the documentation published on the Blockstream website, platform users can use the Liquid Swap Tool to execute atomic swaps for assets like L-Bitcoin and other tokens live on the Liquid…