Store, Send, and Receive Liquid Bitcoin (L-BTC) on Blockstream Green
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 blockchains on which fictitious tokens are used to make currency transfers and represent another possible approach to improving bitcoin’s scalability.
In this specific case, the liquid network is a federated sidechain which allows for a 1-1 exchange of bitcoin without any interchange settlement lag and, so far, it was explicitly designed to operate in the context of trading platforms and exchanges.
However, with yesterday’s announcement, Blockstream has made the Liquid network easily accessible via the mobile app Blockstream Green, available both on Android and iOS. With this new release, Blockstream hopes to increase adoption of its Liquid Network.