Liquid Federation Announces 10 New Members

Published at: March 28, 2020

Blockstream’s Liquid sidechain settlement network welcomed 10 new members to the Liquid Federation on March 27.

The new additions bring the Liquid Federation’s membership up to 45 — including crypto exchange trading desks, and financial institutions.

New members come from diverse backgrounds

The new members include hardware wallet manufacturer Ledger, peer-to-peer exchange Hodl Hodl, crypto trade firm MerklePro, cryptocurrency manager Point95, Wiz, Blockchain tool developer Wyre, blockchain marketplace STOKR, and crypto fund manager ListedReserve.

Daniel Pickering, ListedReserve’s chief investment officer, emphasizes that ensuring capital can circulate quickly is essential to the firm’s operations. “The Liquid Network is enabling much faster movement across exchanges around the world,” he added.

Liquid is a sidechain built by blockchain tech company Blockstream. Unlike the Lightning sidechain which is designed to quickly clear a large volume of smaller transactions, Liquid caters to larger transactions and can hide the sums involved in a transfer.

Many major crypto firms are currently members of liquid, including exchanges Bitfinex BitMEX, Huobi, Unocoin, and SIX Digital Exchanges.  

New federation members to launch Liquid-based products and services

After joining Liquid, ListedReserve now plans to launch an Australian dollar-pegged stablecoin on the network.

Ledger plans to support Liquid assets on its hardware wallets and in its Ledger Vault. Hodl Hodl will be supporting L-BTC as a payment option on its Bitcoin (BTC) marketplace.

The Liquid network now exhibits great liquidity than the Lightning network — with 952 BTC held on Liquid as opposed to Lighting’s 899 BTC. $16 million in Tether (USDT) is also circulating on Liquid.

BTSE launches first exchange token on Liquid

At the start of March, Liquid member and crypto exchange, BTSE, launched what it claimed to be the first native exchange token on the Liquid Network.

The BTSE initial exchange offering (IEO) sold out in four hours, distributing 1 million BTSE tokens for $2 each.

Tags
Blockchain
Blockstream
Ledger
Related Posts
Chinese Province to Use QuarkChain for Construction Resource Management
Blockchain firm QuarkChain has announced a partnership with the ecological department of Northeastern Chinese province Shanxi. QuarkChain and the Shanxi province will jointly develop an environmental governance platform on blockchain (EGPB). This platform will be used by the local administration for construction resource management and trading. QuarkChain stated that, while limited construction materials are mostly located in a specific area, they are widely distributed to many places, creating the need for a management system that can better supervise the development and use of those resources. EGPB will be used for tracking resources along their supply chain. The network’s node operators …
Technology / July 8, 2020
Hyperledger Fabric Sees More Dev Activity Than Corda in Q3 2019: Report
In the last quarter of 2019, Hyperledger’s Fabric open source blockchain software saw more developer activity than R3’s Corda platform. Blockchain service firm Chainstack recently published a report about developer activity on six major enterprise blockchains, showing that Fabric has overtaken Corda in regard to dev activity on its repository. A chart included in the report shows that Fabric developer activity exceeded Corda’s in Q4 2019. Total GitHub activity per-protocol. Source: Chainstack Fabric’s growth after the switch to GitHub The surge in Fabric developer activity closely followed the project’s transition from the code management tool Gerrit to the more popular …
Blockchain / Jan. 22, 2020
Blockstream, Swiss IT Consulting Firm Sign MoU for Blockchain Integration Services
Global blockchain company Blockstream has partnered with а Swiss crypto consulting firm to launch a blockchain-driven settlement network, according to a press-release Dec. 17. Inacta AG and Blockstream have reportedly recently signed a Memorandum of Understanding (MoU) to provide integration services for Liquid — a sidechain solution launched by Blockstream in October. Liquid reportedly combines key features of public and permissioned blockchains, allowing for the issuance and transfer of different crypto tokens. As per inacta AG’s release, the company will focus on “helping financial institutions to leverage the benefits of the Liquid blockchain.” The Swiss firm will provide support for …
Blockchain / Dec. 20, 2018
Ledger announces limited edition NFT-focused hardware wallet, partnership with POAP
Hardware wallet company Ledger announced on Tuesday that it would release a limited edition of a brand new hardware wallet, the Ledger Nano S Plus, with only 10,000 devices available for pre-order at $79 each. In addition to the event, Ledger announced a global partnership with Ethereum-based Proof of Attendance Protocol, or POAP. POAPs are referred to as digital memories of nonfungible tokens, or NFTs, as they show proof for other users proof of engagement and attendance for key moments. In January, Ethereum's co-founder Vitalik Buterin highlighted the potential importance of making NFTs soulbound to enable proof of achievement. "Securing …
Technology / March 8, 2022
Blockstream dreams up a whole new type of multisig called ROAST
The research unit of Bitcoin (BTC)-focused blockchain tech firm Blockstream has published a proposal for a new type of multisignature standard called Robust Asynchronous Schnorr Threshold Signatures (ROAST). It hopes to avoid the problem of transaction failures due to absent or even malicious signers and can work at scale. The term multisig, or multisignature, refers to a method of transaction in which two or more signatures are required to sign off before it can be executed. The standard is widely adopted in crypto. According to a Wednesday blog post from Blockstream research, the basic idea of ROAST is to make …
Blockchain / May 25, 2022