Blockstream to Implement Lightning in Liquid Sidechain

Adam Beck, the CEO of Blockstream believes that now networks of different levels can interact with each other efficiently and seamlessly for users
04 July 2019   872

The developer of Blockstream, under the name of grubles, told in his blog that users of the Liquid Sidebar could open the Lightning Network payment channels using c-lightning implementation.

This makes it possible to conduct quick and private transactions with the Liquid-BTC asset (L-BTC). In the future, the developer notes, this function, along with Confidential Transactions, will work with all assets of the Liquid network through payment channels Lightning Network.

According to Adam Beck, the CEO and co-founder of Blockstream, now, thanks to new developments, networks of different levels can interact with each other efficiently and seamlessly for users.

Liquid is a federated sidecoin of Bitcoin, functioning as a settlement and payment network for cryptocurrency exchanges, market makers, brokers and other financial institutions.

Lightning Network (LN) is a payment protocol that allows for low-cost and instantaneous transactions, which is also a solution to the problem of Bitcoin scalability. According to 1ML, currently 8944 LN nodes are in operation, interconnected by 34,291 payment channels.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   933

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.