Blockstream has released a full node and wallet client for its newly released Liquid, along with a fresh-out-the-box block explorer to monitor transactions and other data on the sidechain.
With a mission to establish “an inter-exchange settlement network,” Liquid was launched last month. The platform is a sidechain built out of Bitcoin’s mainnet that allows its users to swap bitcoin 1:1 for a token on Liquid’s sidechain (L-BTC).
“Liquid is mostly for traders to move assets between exchanges or store in trading wallets ready to quickly deposit to exchanges. The advantage of Liquid is it is faster to deposit and move assets, and time is very much money for cross-exchange trading,” Blockstream CEO Adam Back told Bitcoin Magazine.