{"id":20135,"date":"2019-05-08T15:47:49","date_gmt":"2019-05-08T15:47:49","guid":{"rendered":"http:\/\/ci027cfe7b000e2697"},"modified":"2025-01-27T21:57:12","modified_gmt":"2025-01-27T21:57:12","slug":"liquid-network-expands-new-memberships-and-integrations","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/liquid-network-expands-new-memberships-and-integrations","title":{"rendered":"Liquid Network Expands With New Memberships and Integrations"},"content":{"rendered":"
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Blockstream’s Liquid Network has expanded to include 14 new members. With these additions, Liquid\u2019s client base now boasts 35 institutions.<\/p>\n

The company also announced that Liquid is now available on Bitfinex and RenrenBit, a crypto finance app. Essentially, it means that users of these platforms can now access Liquid Bitcoin withdrawals and deposits.<\/p>\n

In addition, the news heralds some of the network\u2019s future projects, including the launch of Tether (USDT) and Stably (USDS), two dollar-backed stablecoins on the network.<\/p>\n

In a statement, Bitfinex Chief Technical Officer Paolo Ardoino claimed that the expansion \u201cmakes a lot of sense\u201d so that institutions can issue digital assets under a single blockchain platform.<\/p>\n

He added, \u201cIt reduces the integration burden for an exchange like ourselves, and traders can manage all their assets from a single wallet application. We\u2019re excited to be finally active on the Liquid Network and looking forward to seeing how it develops.\u201d<\/p>\n

Samson Mow, Blockstream\u2019s chief strategy officer, also commented on the move, adding that Liquid\u2019s features, including quick settlements, will help speed up asset transfers for both safekeeping and trading purposes.<\/p>\n

He added, \u201cTransaction details on Liquid are hidden by default thanks to Liquid\u2019s privacy technology, so traders no longer have to worry about front-running on large trades either.\u201d<\/p>\n

Developed by Blockstream, the Liquid Network<\/a> is a federated sidechain<\/a> on Bitcoin’s blockchain which functions as a settlement and payment processing network for investors and institutions across the global crypto market.<\/p>\n

The network, which was launched in 2018, allows its users to transfer funds to various destination without having to establish channels ahead of time.<\/p>\n

Liquid can be seen as a complementary technology to the Lightning Network. While Lightning works for micropayments, Liquid is described by its creators as a tool for facilitating \u201cfast and reliable high-value transfers.\u201d The platform promises quick and secure asset transfers to members within the network, as well as the prospect of conducting transactions over a system that doesn\u2019t fail.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockstream’s Liquid Network has expanded to include 14 new members. With these additions, Liquid\u2019s client base now boasts 35 institutions.<\/p>\n","protected":false},"author":3435,"featured_media":8910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[287,151,396],"class_list":{"0":"post-20135","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-blockstream","9":"tag-liquid","10":"tag-sidechains"},"author_data":{"id":3435,"name":"Jimmy Aki","nicename":"jimmy-aki","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/jimmy-aki-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/liquid-network-expands-with-new-memberships-and-integrations.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3435"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20135"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/8910"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}