Trezor released official statement on SegWit2x

The developers of popular hardware wallet does not guarantee the successful coins splitting; continue reading to learn more
07 November 2017   1495

The team of the hardware wallet Trezor issued a statement in which it expressed its position regarding the expected in the middle of November SegWit2x hardfork and gave the necessary recommendations to users who are worried about the safety of their funds.

Despite the fact that Trezor does not go into details of which chain it will give preference in the case of the division of bitcoin, the statement says that after the split on block 494784 there will be two blockchains: Bitcoin (BTC) and SegWit2X (B2X).

The developers confirm that if, at this point, the user had bitcoins in Trezor's wallet, he will have the same number of BTC and B2X coins.

With TREZOR, you own your private keys (in the form of the seed), therefore you have control over all of your coins, including forked coins.
 

Trezor's statement

Further it is noted that the Trezor wallet will support both new and legacy addresses for BTC and B2X. However, since B2X developers do not plan to implement protection against replaying transactions, users need to take certain actions to safely use coins of both chains.

  • If user is only interested in BTC, and he does not need B2X, he does not need to do anything.
  • If user is only interested in B2X, and he do not need BTC, he do not need to do anything. 
  • However, if the user is interested in both coins, he will have to go through the manual process of dividing the coins, and because of the lack of protection against replaying the transactions, no guarantees of a successful completion of the process are provided by Trezor developers.

Additional details on how to conduct a manual division of coins, Trezor promises to publish soon.

For those who wonder why the situation is not the same as last year with Bitcoin Cash fork, the developers remind that there the protection against replay was realized, and therefore the whole process was much easier.

Regarding the device interface, B2X will be present as a separate wallet, but in order for coins to appear there, it will be necessary to separate. It is important to remember that B2X will use the same address format as bitcoin, but they will be generated via another derivation path (m / 44 '/ 157' /). Therefore, before making transactions, users will need to make sure that they send the correct coins to the correct chain.

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   764

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.