Blockstream is introducing its block explorer which has gone live on the internet. The new block explorer is first for users of the Liquid Sidechain but Bitcoin has been integrated so Bitcoin transactions on the blockchain can be checked using the Blockstream block explorer.
Blockstream announced the release of the Liquid full node binaries and source code available here.
Now any user can join the P2P Liquid Network by operating a full node, in order to trustlessly self-validate the chain just like they can with the Bitcoin network.
Included in this release are the Liquid full node liquidd and liquid-cli command-line utilities, complete with wallet support which enables users to self-manage L-BTC and other Liquid Assets.
Liquid is a sidechain running on top of Bitcoin, enabling individuals and business to transact Bitcoin faster and with more features than the original Blockchain, it was created by Blockstream and was recently launched with the cooperation of 23 of the industry’s biggest exchanges including Bitfinex, Bitmex and others.
When Bitcoin was created privacy was not in mind, Bitcoin is a public blockchain and it was created that way. Addresses, balances and transactions are public for anyone to search and track, while that provides transparency, it also lacks privacy.
As a result this lack of privacy can be used by blockchain analysis tools. They work on the principle that in most transactions with more than one input, all of these input addresses belong to the same entity, which can be traced back to its source IP.
This allows companies and governments to track an entity from one address and accurately guess its transactions and holdings in other addresses.
A group at Blockstream recently worked on a new type of transaction aiming at invalidating this principle, Pay to End Point aims at allowing both the sender and the receiver to sign inputs in the transaction, ensuring enough of these transactions exist on the blockchain will invalidate this principle and boost privacy for all Bitcoin users.
Liquid Network is a multi-asset settlement network that links together cryptocurrency exchanges and brokers around the world, one of the core uses of Liquid is fast, secure and confidential transfer of Bitcoin.
Bitcoin is first pegged to the liquid network by sending it to a Bitcoin wallet generated in their Liquid Wallet, this enables them to transact using L-BTC without using on chain Bitcoin transactions.
Just like Bitcoin’s own explorer the Liquid explorer shows information related to the peg-in transaction, confirmations, fees and the associated Bitcoin address. Along with other technical details like the unlocking script.
Blockstream started a week of Lightning Apps to introduce people to new Lightning apps built on top of Lightning Charge, a micropayment processing system that makes it simple to build apps on top of Lightning.
Welcome to the week of LApps! Blockstream is introducing seven new Lightning apps (LApps), one per day, over the course of the next week. The first LApp is FileBazaar, an app that enables Lightning micropayments for creators who are producing digital files like photos, videos, or documents.
Here is a list of LAPPs showcased so far:
Liquid is a sidechain created by block chain company Blockstream, its production release is scheduled for May 2018 and the Liquid Release Candidate Network is a network for the participating exchanges aiming to use Liquid.
Last week, Blockstream launched the Liquid Release Candidate Network for participating Liquid exchanges. This new network marks the conclusion of the Liquid Beta program, and we are on the way to a production release in May 2018. The Liquid Release Candidate Network enables member exchanges to integrate their software with Liquid, to be ready at launch.