Liquid Bitcoin: Blockstream upgrades Liquid
Bitcoin is soon to become more effective for companies, especially for companies. With the intention of offering a sidechain solution for the network in the future, Blockstream is currently working on a solution for greater scalability.
The solution that brings Liquid is primarily to enable faster transactions and the option of anonymous transactions. With the concept of "federated sidechains" you relieve the main blockchain as well as the miners.
As you can see from an official announcement from Blockstream, there is now an update for the Liquid network. Accordingly, it is possible for users to operate their own full nodes and thus strengthen the network. The source code as well as the binaries are publicly accessible in the Github account.
In addition – and this is probably the most important part of the update – you can now send and receive Liquid BTC (L-BTC).
L-BTC: the liquid Bitcoin
The L-BTC, the "liquid Bitcoin", namely represents the "real Bitcoin" in the Liquid network or copies it. These are blocked during the time they are shown on Liquid. This outsourcing of the Bitcoin or the L-BTC allows them to act in the meantime, without burdening the original Bitcoin Blockchain. The tokens can be exchanged again later.
As a result, Blockstream also wants to be able to digitally map assets and tokenized currencies in general:
Any institution that holds assets such as money or cryptocurrencies can use Liquid to create a tokenized version of the asset. Once the asset is "liquidized", it can immediately be exchanged on the network and take advantage of Liquids properties such as privacy, speed and secure trustless trading
it says on the homepage of Blockstream.
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