Blockstream expands Liquid Federation, but LBTC adoption remains slow Six prominent crypto firms have joined the federation governing Blockstream s Liquid sidechain. 9486 Total views News
Blockstream has added six more members to the federation that governs Liquid, the firm s Bitcoin sidechain for inter-exchange settlement network.
The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, broker Watchdog Capital, and Liquid Network settlement platform Sideswap.
Liquid was announced at the end of 2015 as a Bitcoin sidechain designed to speed up Bitcoin transactions settlement for crypto exchanges. Liquid supports LBTC tokens that are pegged to Bitcoin. According to official data, there are currently 2,756 circulating LBTC, with the sidechain processing roughly 540 transactions each day.