Liquid Network
Bitcoin's first sidechain.
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About
The Liquid Network is a Bitcoin layer-2 sidechain developed by Blockstream, designed to enhance Bitcoin's functionality by enabling faster, more confidential transactions and the issuance of digital assets. Launched in 2018, Liquid operates as a separate blockchain that is pegged 1:1 to Bitcoin, allowing users to move BTC between the main Bitcoin network and the Liquid sidechain seamlessly.
Key Features
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Fast Transactions
Liquid reduces block times to one minute, significantly faster than Bitcoin's 10-minute intervals, enabling quicker settlement of transactions. -
Confidential Transactions
Utilizes Confidential Transactions to obscure transaction amounts and asset types, enhancing privacy for users. -
Asset Issuance
Supports the creation and transfer of various digital assets, including stablecoins, security tokens, and other financial instruments. -
Liquid Bitcoin (L-BTC)
A token on the Liquid Network pegged 1:1 to BTC, allowing for seamless transfers between Bitcoin and Liquid.
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