[2015-10-13] CD: Blockstream to Launch First Sidechain for Bitcoin Exchanges

[LiteCoinGuy]

Blockstream to Launch First Sidechain for Bitcoin Exchanges

Nearly one year after the release of its sidechains white paper, bitcoin technology startup Blockstream has announced the first commercial application of the technology.

Dubbed Liquid, the unlaunched offering will serve bitcoin exchanges, payment processors and traders by reducing the time in which bitcoin-denominated funds can be transferred between accounts at these institutions.

The startups involved will participate in the operation of the sidechain, but at the same time will be customers of Blockstream, paying an undisclosed monthly subscription fee.

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Hill said Liquid will integrate Confidential Transactions, meaning that exchanges can process the same transaction data without the risk that information – such as trading volumes – will be revealed in the process.

http://www.coindesk.com/blockstream-com ... exchanges/