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Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’

Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3 controlled 870 bitcoin “violates Liquid’s security model. дальше »

2020-6-29 18:30


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Without a True Two-Way Peg No ‘Real’ Sidechain Exists, Says Drivechain Creator

On April 17, the founder of the Drivechain project, Paul Sztorc, published a new blog post concerning the validity of today’s so-called ‘production sidechains.’ Sztorc has declared on multiple occasions that true sidechain technology hasn’t been invented yet and even Blockstream’s Liquid protocol, dubbed “the first production sidechain,” in a critical sense is not a […] The post Without a True Two-Way Peg No ‘Real’ Sidechain Exists, Says Drivechain Creator appeared first on Bitcoin News. дальше »

2019-4-20 21:15