TREZOR: Bitcoin Gold’s codebase is incomplete

Trezor wallet makes a statement concerning Bitcoin Gold, claiming it will not support it yet
23 October 2017   1816

Days (or rather hours?) away from the Bitcoin hardfork, the crypto community is getting more and more concerned about Bitcoin Gold.

Now, Satoshi Labs, the makers of the hardware wallet TREZOR, make a statement about the upcoming Bitcoin Gold fork. The company claims that it will not support Bitcoin Gold yet.

Still, Trezor team highlights that if there are any Bitcoins held on TREZOR before the block, the customers will have the same Bitcoin Gold balance as their Bitcoin balance. 

In other words, Bitcoin Gold is an altcoin, using Bitcoin’s history similarly to the case of Bitcoin Cash. However, Bitcoin Gold does not launch immediately at the point when the chains diverge.
 

TREZOR team

As for TREZOR (the device), it, in fact, supports Bitcoin Gold. According to the company, with TREZOR, you own your private keys (in form of the seed), therefore you have control over all of your coins, including forked coins. Yet, there are some obstacles.

Bitcoin Gold’s codebase is, at the moment of the writing, incomplete. Most importantly, it lacks replay protection. For this reason, TREZOR Wallet will not support Bitcoin Gold yet, as it would endanger your Bitcoins.
 

TREZOR team

The TREZOR team, as well as Hong Kong Gatecoin team earlir today, stresses out that replay protection, that prevents you from “double spending” your coins after the hardfork, is crucial. 

Talking about supporting Bitcoin Gold if it implements replay protection, the company detailes that they "will make all efforts to develop support for Bitcoin Gold, but will not do so if it will risk your coins". 

What the future has in stock for Bitcoin and Bitcoin Gold, remains to be seen. Just wait for a little while. 

Tether to Launch USDT in Blockstream's Liquid Network

Thanks to this, ecosystem participants will be able to make fast and secure payments using Confidential Transactions technology
30 July 2019   603

A leading supplier of Bitcoin and Blockchain solutions, the company Blockstream and Tether have launched USDT in the Liquid Network.

The Blockstream blog says that thanks to this step, ecosystem participants will be able to make fast and secure payments using Confidential Transactions technology, which is oriented towards increased privacy, as well as multi-signature functions. In addition, investors and traders will be able to carry out atomic swaps between Liquid BTC and Stablecoin, and will also be able to replenish their exchange USDT wallets more quickly.

The input and output of Liquid USDt is already available on the Bitfinex exchange. Support for other trading platforms, including BTSE, BTCTrader / BtcTurk, OKEx, OKCoin, RenrenBit and Sideshift AI, will appear soon.

According to the developers, Blockstream Green wallet is suitable for storing Liquid USDt. They also promise to soon add support for the new asset to Trezor hardware wallets.

Tether’s launch on Liquid coincides nicely with the recent surge of interest in the Liquid Swap Tool. The Liquid Swap Tool is an open source application that allows traders to execute atomic swaps with their counterparties, exchanging any Liquid-based asset for another.
 

Samson Mow

Blockstream team

In the future, Blockstream and Tether plan to launch USDT tokens on the second-tier Lightning Network.

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

Atomic swaps are the operations of exchanging one cryptocurrency for another, which can be implemented instantly without having to rely on a trustworthy third party represented by the exchange or exchange platform. As a result, control over the transaction is carried out exclusively by the parties involved in it.