Tag: Blockstream

Introducing The Liquid Network: Blockstream Is Running A Revolutionary Bitcoin Sidechain – Exchanges Want It Badly

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For some time now, there have been a lot of buzz about how the Bitcoin network can be scaled up to better cope with the budding competition from the likes of Ripple and Tron. Just recently, Bitcoin’s Lightning Network went live amid much pomp and big expectations. But there’s another company that’s bent on completely revolutionizing how Bitcoin really works. Blockstream’s Vision Blockstream is a company that majors in blockchain development projects, and it has been working on a new Bitcoin sidechain since 2015. After the company was founded back…

Blockstream Co-Founder: Scaling Bitcoin (BTC) Doesn’t Require A Hard Fork

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Sharding Could Be The Answer To Bitcoin (BTC) Scaling Even in spite of the dismal market conditions, developers and industry leaders continue to push for the maturation of blockchain technologies, which will subsequently spark the growth of the industry backing crypto assets and this up and coming innovation. One of these industry leaders is Mark Friedenbach, a Bitcoin developer and the co-founder of blockchain tech startup Blockstream, who recently hosted an event highlighting the scaling of the largest blockchain network in the world. For those who aren’t in the loop,…

Bitcoin’s Block Size Can Be Increased Without Hard Fork, Says Blockstream Co-Founder

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Bitcoin (BTC) protocol developer Mark Friedenbach introduced a method for Bitcoin scaling he claims will not require a hard fork at a workshop in Tokyo October 5. The new concept presented at the Scaling Bitcoin workshop, entitled “Forward Blocks,” suggests a major on-chain capacity boost by means of a Proof-of-Work (PoW) alternation that is done as a soft fork, combined with use of alternative private ledgers. The proposal describes a method for scaling that claims to be able to increase “settlement transaction volume to 3584x current levels” and improve censorship…