The project is ambitious because you have to remind that an hardware wallet is an offline wallet, it means you can't access it with an internet connection (it is an efficient way to protect your funds from hackers). "We have decided to join Liquid Network because we believe it is the best way to exchange Bitcoin in terms of security and decentralization today" said Ledger's co-founder Nicolas Bacca.īut how does this work ? Well Ledger wish to allow access to a user to Liquid Network through their Application SETTLENET directly from his Hardware Wallet and remaining in control of its security keys and funds.
Well like stated the Ledger enterprise, this partnership aims to build an efficient infrastructure which allow to improve the user's experience. So what is the objective of this partnerships between Ledger and Liquid Network : It also provides issuance of digital assets, to sum up this network is essential in order to facilitate and speed up transactions around Bitcoin and also in terms of confidentiality.Ģ. This Sidechain is mainly what allows transactions and exchanges within the Bitcoin's blockchain.įrom this Sidechain technology was created the Liquid Network, a sidechain-based platform for exchanges and trades, allowing quick and secure transactions between the different users. One of their project generated what we call a Sidechain, it is a blockchain which works in conjunction with Bitcoin's blockchain. Let's start with what is Blockstream and what are they doing :īlockstream is a huge society who develop technologies around Bitcoin and blockchain, they are actually the leaders in this kind of services. Indeed it is a slow and expensive process, especially when the number of users peaks, this is where Blockstream operates.ġ. If you really aware of all news related to Bitcoin you might know the scalability issues endured by this cryptocurrency. You probably asking how is this a huge partnership ? Well, let me drive you through this revolutionary idea.
From all those 10 members you might know one of them : Ledger, a french society specialized in hardware wallet. At the end of last week Blockstream, who developed Liquid Network as a Sidechain for traders, announced the arrival of 10 new members in the Liquid Foundation.
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