2 years ago
Users of Bitcoin Reserve tin present acquisition Blockstream’s Liquid Bitcoin (L-BTC) which enables the usage of the Liquid Network, a furniture 2 app for Bitcoin.
- Bitcoin-only broker, Bitcoin Reserve, present allows its users to acquisition L-BTC.
- L-BTC is simply a Liquid Asset utilized successful Blockstream’s furniture 2 exertion for Bitcoin.
- The plus allows users to interact with the app for little-to-no fees, enhanced privacy, and much extended features than recovered connected the Bitcoin blockchain.
Bitcoin Reserve, an Estonia-based bitcoin-only brokerage belonging to the Liquid Federation, present allows the acquisition of Liquid Bitcoin (L-BTC) connected its platform, per a property merchandise sent to Bitcoin Magazine.
L-BTC is simply a Liquid Asset, oregon a token issued connected Blockstream’s Liquid Network, which is simply a sidechain of Bitcoin. This sidechain is simply a furniture 2 solution for Bitcoin – it temporarily takes transactions disconnected concatenation to debar precocious fees and hold times – which allows Bitcoin to scale.
Also, Liquid Assets similar L-BTC let much use-cases successful the ecosystem by providing higher levels of privateness done a process called Confidential Transactions. In short, confidential transactions fell some the benignant of plus and the quantity of the plus being utilized successful a transaction from third-parties. However, Liquid users tin inactive verify transaction amounts, the progressive wallet balances, and the quantity of the plus involved.
Additionally, Liquid allows the capableness to make stablecoins and alteration the usage of information tokens. The sidechain besides enables low-to-zero fees and faster colony with shorter one-minute blocks, compared to the 10-minute blocks for Bitcoin’s mainchain.
Of course, by removing transactions disconnected chain, the Liquid Network inactive needs to support way of units of bitcoin being utilized successful transactions. Liquid represents those units of BTC with L-BTC connected its ain chain, until those units instrumentality backmost to the archetypal Bitcoin blockchain. For each 1 L-BTC a idiosyncratic has connected the Liquid Network, it represents 1 BTC with a 1:1 value.
In summation to the L-BTC bargain enactment for its Flash and Concierge services, Bitcoin Reserve volition adhd a merchantability enactment successful the adjacent future. Concierge clients tin besides bargain and merchantability the USDT (Liquid) stablecoin, with retail access coming soon.
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