blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
  • bitcoinBitcoin(BTC)$22,719.008.10%
  • ethereumEthereum(ETH)$1,602.5615.08%
  • binancecoinBNB(BNB)$268.419.36%
  • cardanoCardano(ADA)$0.519.46%
  • rippleXRP(XRP)$0.3531286.16%
  • SolanaSolana(SOL)$39.5611.01%
  • dogecoinDogecoin(DOGE)$0.0655266.24%
  • AvalancheAvalanche(AVAX)$22.9514.28%

Liquid Network Launch: Features Advance Security and Privacy for Tokenized Assets

Tokoni Uti by Tokoni Uti
October 12, 2018 - 3:00 am
in blockchain news
0
Liquid Network Launch: Features Advance Security and Privacy for Tokenized Assets
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  •         The Liquid Network has officially launched.
  •         The network features a two-way peg between Bitcoin and Liquid Bitcoin.
  •         The network also features increased security and privacy settings.

The world’s first production Bitcoin sidechain has officially gone live. The Liquid Network, as it is called, is now fully operational.

The liquid network is designed to aid Bitcoin transition and will be used by a number of individuals in the Bitcoin space including exchanges, brokers, market makers, and financial institutions.

The aim of the network, according to the official announcement, is to ensure that bitcoin transactions are safer and faster.

The first block in the Liquid Network was generated on September 27, 2018 at 1:29 UTC shortly after it first launched.

The launch was certainly an anticipated one and saw participation from big names in the blockchain industry. There was also participation from the members of the Liquid Network which are: Altonomy, Atlantic Financial, Bitbank, Bitfinex, Bitmax, BitMEX, Bitso, BTCBOX, BTSE, Buull Exchange, DGroup, Coinone, Crypto Garage, GOPAX (operated by Streami), Korbit, L2B Global, OKCoin, The Rock Trading, SIX Digital Exchange, Unocoin, Xapo, XBTO, and Zaif.

The members help to form a geographically distributed network that makes sure that there is no chance of error with the handling of customer assets.

New Features

The Liquid Network boasts of interesting new features, some of which have not previously existed in the market.

First of all, a two-way peg exists that pegs the Liquid Network’s native currency, Liquid Bitcoin (L-BTC), to  Bitcoin (BTC).

At any point in time, this peg can be redeemed. This ensures that funds that are being transferred are secure and fast in the transactions. The Network aims to ensure that all fund transfers are completed within two minutes.

This helps to give some level of security and assurance to investors.

The Network also plans to infuse some features traditionally associated with bitcoin into their assets. Some of these features include tokenized fiat, and digital reward points.

These measures help to remove the need for wallets and for dedicated blockchains.

The level of privacy offered by the Network is also very impressive. As a result of its Confidential Transaction Technology, the type of asset being traded and the amount in question is known only to the transacting parties.

This new Network signals a new system in digital asset issuance and transactions and with its new features, is bound to draw in investors.

 

Tags: BlockchainBTCCryptoLiquid
ShareTweet
Tokoni Uti

Tokoni Uti

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Recommended For You

SBS Turns into the Chief Distributor of the Blockchain-Based Solutions of Modex in Africa and MENA Jurisdiction

by Umair Younas
August 8, 2022 - 3:00 pm
0
Modex SBS

An exclusive provider of IT-based solutions has turned into the chief distributor of the blockchain-related services provided by Modex.

Read more

Brazil Central Bank Praises Bitcoin as Pioneer of the Web3 Tech

by Shayan Chowdhury
August 7, 2022 - 2:52 pm
0
Brazil Central Bank

Fabio Araujo, Director of Brazil Central Bank, has praised Bitcoin's innovative approach and attributes as it is the catalyst of Web3 technology.

Read more

Huobi Global Responds to the Approaching Hard Forks on Ethereum Blockchain

by Umair Younas
August 6, 2022 - 3:55 pm
0
Huobi Global

Cryptocurrency exchange Huobi Global, in the latest announcement, noted not to be a part of arbitrary forking as well as pre-mining.

Read more

Healthcare Payments Innovator, MAPay Seeks to Achieve Healthcare Data Interoperability Through Blockchain

by Max Clark
August 5, 2022 - 12:59 pm
0
Drexel University College

The collaboration will develop the technical foundation and market for patient data access, a contentious healthcare topic.

Read more

Crypto Exchange Bybit to Host DEFY IEO on Launchpad 2.0

by Mushu Butt
August 5, 2022 - 12:43 pm
0
Bybit Trading

This offering will be offered on the Bybit Launchpad 2.0, which is a redesigned platform for innovative blockchain solutions.

Read more
Next Post
Building

Gemini Cryptocurrency Exchange Joins Forces with Omniex to Enhance Cryptocurrency Trading

PARTNERS LIST

PRESS RELEASE

DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

by chainwire
August 7, 2022 - 10:35 am
0

Singapore, Singapore, 7th August, 2022, ChainwireDeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications...

Drexel University College

Healthcare Payments Innovator, MAPay Seeks to Achieve Healthcare Data Interoperability Through Blockchain

by Max Clark
August 5, 2022 - 12:59 pm
0

The collaboration will develop the technical foundation and market for patient data access, a contentious healthcare topic.

TRON Grand Hackathon Season 2 Closes out Submission with over 1800 Participants

by chainwire
August 4, 2022 - 8:19 am
0

Geneva, Switzerland, 4th August, 2022, Chainwire–Season 2 of The TRON Grand Hackathon 2022 has seen a wave of submissions receiving...

Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network

by chainwire
August 2, 2022 - 1:01 pm
0

Dallas, Texas, 2nd August, 2022, ChainwireNew Cross-chain Interoperability via WanBridge Provides More Robust Options for Instant Settlement  Impel is pleased...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2022 - Blockchainreporter.net. All Right Reserved.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT