• Mon, 14 Oct 2019, 04:12 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Blockstream launches new tool to allow atomic swaps for Liquid sidechain assets

Tue, 02 Jul 2019, 11:55 am UTC

Blockchain startup Blockstream has announced the launch of a new tool that will allow users to execute atomic swaps for all assets supported on the Liquid Network.


In October 2018, Blockstream officially launched the Liquid Network – a bitcoin sidechain facilitating faster bitcoin transactions between businesses and individuals, while enabling extended functionality. The inter-exchange settlement network connects cryptocurrency exchanges, market makers, brokers, and financial institutions around the world.

Alongside the launch, Blockstream has released a configuration guide for the Liquid Swap Tool, Cointelegraph reported.

Investopedia defines atomic swaps as a smart contract technology that enables exchanging one cryptocurrency for another without the need for centralized intermediaries, such as exchanges.

In a recent tweet, Blockstream CEO Adam Back explained that “atomic swap between native assets on Liquid L-BTC, L-USDT etc is simpler than cross-chain atomic swap, because the Bitcoin UTXO model transaction rule "inputs add up to outputs" is extended to add up inputs of each type, and types/assets are natively understood.”

Previously in May, Blockstream announced a new platform, called the Liquid Securities platform, which will allow businesses to issue their own tokens on the Liquid Network.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,305.50 (-1.61%)
  • Ethereum (ETH) $182.72 (-1.02%)
  • XRP (XRP) $0.289400 (+3.38%)
  • Bitcoin Cash (BCH) $225.55 (-0.77%)
  • Litecoin (LTC) $56.65 (-1.46%)
  • Bitcoin (BTC) $8,305.50 (-1.61%)
Oct 14, 2019 (Monday)
12:06
BMW, Ford, GM and others working on proof of concept for blockchain-based vehicle identity system
12:01
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:01
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:49
Crypto Technicals: LTC/USD finds stiff resistance at 21-EMA (58.62), breakout confirms further upside
10:46
G7 says global stablecoins like Libra pose threat to financial stability: Report
09:52
Global stablecoins could become systemically important: Financial Stability Board Chair
09:37
Crypto Technicals: Ripple (XRP) spikes higher, hits 4-week high (0.29369), bias bullish
09:07
Crypto Technicals: ETH/USD consolidates above 200H SMA, intraday bias turning bullish
07:01
U.S. IRS wants to know your crypto ownership in updated income tax form
06:59
U.S. SEC, CFTC, FinCEN issue rare statement warning crypto users to abide banking laws
06:56
Crypto Valley Association joins International Digital Asset Exchange Association
06:17
Crypto Technicals: BTC/USD extends sideways above 200H SMA support (8277), weakness likely on break below
06:17
tZERO and Box Digital-owned firm files with SEC to launch regulated security token market
06:10
Blockchain trade finance network Marco Polo pilots first trade transactions between Russia and Germany
06:08
Crypto exchange Coinbase secures e-money license from Central Bank of Ireland
04:30
World Federation of Exchanges urges UK FCA not to ban sale of crypto derivatives to retail investors
04:25
Telegram may postpone Gram token launch after SEC stops U.S. crypto sale
04:05
Mastercard, Visa, eBay, Stripe, Mercado Pago abandon Facebook-led Libra Association
Oct 11, 2019 (Friday)
13:27
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft