The Start of the Liquid Network

Blockchain Association of Canada Started Sidechain Project
22 June 2017   1812
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

In order to support the Bitcoin scaling agreement, the Blockchain Association of Canada has started a sidechain project: Liquid Networks. The project is founded by Samson Mow of Blockstream and Joseph Weinberg of Paycase, based in Ottawa.

The Liquid Network, a sidechain network, is created to optimize transactions with agility and swiftness.

Sidechains like Liquid Networks have the capabilities to perform real-time audits while offering a secure protocol with an option of impenetrable, secure tokens all of which can be comfortably used over the open internet.

Optimized financial transactions

Sidechains allow for new innovations in security models and features, plus the added benefit of faster and more cost efficient transactions — if more businesses were utilizing sidechains for cases involving recurring transactions, they would take some pressure off the main Bitcoin blockchain.
 

Samson Mow 
Blockstream

According to Joseph Weinberg, they have been working with enterprises in finance and other institutions to explore possibilities that will essentially leverage a strong federation.

We are also working on other sidechain initiatives that leverage strong federations and confidential assets via the elements project, both in Canada and globally, that require multi-participant governance guarantees and explicit trust.
 

Joseph Weinberg
CEO, Paysafe

In order to work properly, Liquid Networks requires trust from a group of parties and government assurances, whereby rules and regulations are adhered to, which includes a participant network for consensus.

While expediting Bitcoin trading, the system is claimed to act as a “trustless” exchange for its users.

Implementability

The idea of sidechain projects exists for some time. Their new focus extends to the decentralization of trust into other sectors and digital assets.

It is a classic example of principles that are good on paper, yet do not equate in practice.

Pegged Sidechains by BlockStream or other similar projects, claimed to “enable Bitcoins and other ledger assets to be transferred between multiple Blockchains”. Nevertheless, the right mental model for it to fully work is still needed.

Source: Cointelegraph

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   408

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.