BLOCKCHSIN LSUNCHED NEW LIQUID NETWROK, EXCHANGE CAN RATE WHICH TRANSFER BITCOIN WITHIN 2MINUTES
With the massive growth and progress of blockchain which was once lean on the shoulder of beleaguered, boot-strapping developer, the majority would have fire up the afterburner in a push in other to deliver tomorrows markets, today.
However, the block stream has upgraded with a lightening network style solution which permits the largest stakeholders in the game in other to transfer the entire quantities of bitcoin in a "close-interval".
Actually, it was anonymously been launched on September 28, which officially makes the liquid Network to be unveiled as one of the global webs of 23 largest league exchanges, market makers, brokers and financial institution which is committed to utilizing the proper usage of Block streams bitcoin-based side chain for final, most confidential and secure BTC transaction within the interval of two minutes.
Although, several numbers of cryptocurrency deep-pocketed some heavyweights which include the leading exchange knows as BITMEX and BITFINEX which has officially signed as an inaugural participant, but still yet Block stream happens to favored geographical decentralization in their respective selection of liquid members-seeing a wonderful transcontinental melting pot with the intelligent USA, MEXICO, CHINA, KOREA, JAPAN, and top prominent nation representatives.
It was finally closed since the year 2016 with over a solemn huge amount of $76 million in VC-backing, block stream has also gone ahead to emerge as one of Bitcoin Cores most largest sponsors and early lightning Network tinkerer. Liquid, meanwhile, has subsequently emerged as the firm’s own brainchild.
The emergent of Liquid, participants have the free liberty to transact in the platform on a one on one bases, Bitcoin backed liquid Bitcoin token (L-BTC), with only the two parties in question privacy for a swift and better transaction quantities culling the most quality cryptocurrency “INHERENT" problem of some vital delay in transaction and risk of exposure, block stream officially claim these.
THE SUBSEQUENTIAL NEED FOR SPEEDY TRANSACTION
While not at the edge of holding up a core tenet, apparently one of the networks most groundbreaking offering is it’s “Issued Asset" functionalities, with the collaboration of Bitcoin-like features “to assets such as the tokenized fiat or even the gold, which has the tendency of seeing bitcoin sidle up to Ethereum on the sweeping bandwagon of assetization.
A very impressive statement was made by Bitfinex CTO Paolo Ardoino which he said that "the benefits of such a product has the potentials for better scenes in whatever ways. Apparently, liquid Network would amount to a very speed up trading, he lamented.
"To be precise, one of the most vital and anticipated things our traders need, it’s nothing but speed. Liquid has the potential to deliver a high revolution speed within a space. Liquid fast settlement also allows traders to attain fast bitcoin deposits and likewise withdrawals with a well secure and efficient arbitrage, with a cool and better pricing formation although it has some sided tighter spreads.
To be realistic, block stream has a great future and have their respective traders in mind due to the numerous changes in occurrence on both the features and applications which include with the ledger support, an open source liquid wallet which is attached with a Green Address wallet integration.
In the nearest future, a lot of traders could easily be able to place a limit order which stands for a partially sealed transaction which could be spendable if in any way been paired with a transaction paying the actual price. With the features of the exchange has no power of holding any custody, in such case, if anyone broke in there have no potentials of going or stealing any coins. To be honest, liquid has really been a game changer in the digital asset traders.