After three years of development a sidechained Liquid ready for commercial use and soon this solution will be launched the 23 partners of the startup Blockstream, according to CoinDesk.
A sidechained Liquid, the end of 2015, worked in the test version was launched in beta mode in may of last year. The technology is designed to service bitcoin exchanges, processing services and traders, reducing the time required to implement large volumes of transactions between different accounts.
Despite the fact that the Liquid is essentially private bacchanal, he, unlike many closed for systems built on top of the bitcoin blockchain and help to reduce the time to move funds between exchanges to a few seconds.
Now, according to the Blockstream team, the product is ready for mass implementation. The first users of the new technology will be the 23 of crypto-currency companies, including exchanges, brokers and other organizations, namely: Altonomy, Atlantic Financial, Bitbank, Bitfinex, Bitmax, BitMEX, Bitso, BTCBOX, BTSE, Buull Exchange, DGroup, Coinone, Crypto Garage, GOPAX, Korbit, L2B Global, OKCoin, The Rock Trading, SIX Digital Exchange, Unocoin, Xapo, XBTO and Zaif.
According to CoinMarketCap, these companies account for 50 to 60 percent of the total volume of bitcoin transactions.
“This will support the bitcoin ecosystem, because you can trade more safely and quickly”, — has noted the operating Director of Blockstream Samson MOU, stressing that the product Liquid is ready for commercial use.
In the coming weeks Blockstream will present a bitcoin wallet that is specifically designed for Liquid transactions. In addition, belonging to Blockstream wallet already supports this technology. Also announced support for Liquid major manufacturers of hardware and Ledger wallets best wallet.
“In the future, it will give you an opportunity to carry out bitcoin transactions worth billions of dollars”, — said MOU.
Finally, representatives from Blockstream indicated that it will continue to work with the operators of exchanges and wallets for the further promotion and mass adoption of technology Liquid.
We will remind, in July Blockstream presented Issued Assets — a tool for creating custom assets in the sidechained Liquid.