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October 10, 2018Companies & infrastructureLaunches & foundingsdocumented

Blockstream launches the Liquid sidechain

Blockstream put Liquid into production as a federated Bitcoin sidechain for exchanges and trading firms.

Liquid enabled faster inter-exchange settlement and issued assets through a federation rather than Bitcoin's permissionless mining model. Users peg bitcoin into L-BTC through the federation and later redeem it back to the base chain.