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Blockstream Developers Alleged to Earn $850K Per Year

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Blockstream Developers Alleged to Earn $ 850K Per Year

There are perks to working for Blockstream, aside from having to answer to Samson Mow. Developers for the Bitcoin Core software company are alleged to earn up to $ 850K per year thanks to a “stock option” that sees them paid 20% of their salary in BTC. That BTC is pegged at the price bitcoin was at in 2014, meaning that employees are paid around 85 BTC annually as part of their salary, a bonus of around $ 700K at current prices. That’s according to a new website called Cashbleed that claims to lift the lid on Blockstream’s salary structure.  Read more...

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Blockstream Releases First Enterprise-Grade Product on Liquid

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Blockstream

Security tokens are coming to Bitcoin, courtesy of Blockstream.

The Bitcoin and blockchain technology company announced on May 15, 2019, the final day of the Consensus 2019 conference, that Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain, is ready to go live. This platform will provide Liquid and its users with its first product to issue digital assets, a foundational milestone for bringing tokenization to the Bitcoin network.  Read more...

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Crypto Heresy: Question Blockstream on Twitter and You’ll Be Blocked

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Crypto Heresy: Questioning Blockstream on Twitter About an Alleged Conflict of Interest

Crypto Twitter (CT) is a grueling battleground between digital currency enthusiasts, company executives, maximalists, journalists, lawyers, and so-called thought leaders and luminaries. For instance, on May 8, reporter Larry Cermak posted data concerning Blockstream and its sidechain project Liquid’s performance over the last seven months. After Cermak shared unbiased figures and queried an alleged conflict of interest, the Blockstream account instantly blocked the journalist.

Also read: Bitcoin’s Software Has Been Rolled Back Before  Read more...

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Blockstream Open Sources Development of Its Proof of Reserves Tool

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Blockstream Open Sources Development of Its Proof of Reserves Tool

On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves. The Bitcoin development company has submitted a Bitcoin Improvement Proposal (BIP) to the bitcoin-dev mailing list for consideration.

Blockstream stated that it is “open-sourcing the development of the tool for feedback from the industry.” Citing high-profile hacks as a reason why such services would be in demand, Blockstream is hoping to create a “best-practice standard Proof of Reserves for the industry, that offers broad compatibility with the way most Bitcoin exchanges are storing their users’ funds.”  Read more...

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Blockstream Breaks into Japanese Market with JPY Stablecoin, Partnership

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crypto garage.jpg

Blockstream is partnering with Japanese fintech giant Digital Garage to bring a JPY stablecoin to the Bitcoin network.

To spearhead the project, Blockstream and the ¥120 billion (just over $ 1 billion) firm are working under the label Crypto Garage with the help of Tokyo Tanshi, the “largest inter-dealer broker in Japan w/ billions in trades daily,” according to Samson Mow, Blockstream’s chief strategy officer.

The collaborative is building the yen-pegged coin (JPY-TOKEN) on Blockstream’s Liquid network, a Bitcoin sidechain that tacks additional technical features onto the blockchain, like smart contracts.  Read more...

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Blockstream Launches Asia-Pacific Satellite Coverage for Bitcoin Data

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Blockstream, a leading developer of blockchain technologies, announced Monday that Phase 2 of the Blockstream Satellite network coverage is now live, bringing an alternative method for receiving the Bitcoin (BTC) blockchain to the Asia-Pacific region. We’re excited to announce Phase 2 of #BlockstreamSatellite coverage is live! Asia-Pacific users can now receive #Bitcoin data at no cost. We’re […]
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Blockstream Releases the Open Source Code for Its Bitcoin Block Explorer

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Last month, Blockstream, a leading developer of blockchain technologies, launched a new block explorer that allows users to monitor real-time data for both the Bitcoin (BTC) blockchain and the Liquid Network sidechain. After receiving a largely positive response, the company has made the decision to release Esplora, the free and open-source software that powers the site. We’re excited to announce Esplora, the source […]
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Blockstream Unveils ‘Metal’ for Crypto Private Key Storage

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Blockstream, a leading provider of blockchain technologies, has unveiled its latest product: Metal, a highly-durable cold storage device for cryptocurrency wallet private keys and seeds. Announcing the brand new @Blockstream Metal. Protect your wallet seed and private keys from fire, flooding, ink degradation, and more with high quality marine grade 316 stainless steel! 🔐 https://t.co/Ij2WADiPbL pic.twitter.com/IHHSweu4va […]
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Blockstream Releases Full Node Access, Wallet, Block Explorer for Liquid

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Liquid Full Node Release

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.  Read more...

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Blockstream: When Will the Level of Dishonesty and Manipulation End?

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Blockstream: When Will the Level of Dishonesty and Manipulation End?

The alleged Bitcoin-focused company Blockstream has raised over $ 100 million publicly, but has yet to be forthright with the Bitcoin community. It’s time for people within the Bitcoin space to start holding them accountable. Blockstream’s dishonesty should have a bright light shined on it so everyone is aware of their manipulation and deceit.

Also read: Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?  Read more...

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Blockstream Launches Liquid Network, the World’s First Bitcoin (BTC) Sidechain

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Blockstream, a leading provider of blockchain technologies, announced the launch of the Liquid Network, the first-ever Bitcoin (BTC) sidechain designed to provides fast, secure, and confidential transactions for major financial institutions, exchanges and market makers. The @Blockstream team is excited to announce the #LiquidNetwork is now live with 23 members! Liquid enables fast, secure, and confidential transactions, […]
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Blockstream Sidechain Projects Will Speed Up Bitcoin ETF

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Blockstream Sidechain Projects Will Speed Up Bitcoin ETF

Bitcoin side projects could speed up Bitcoin ETF, according to Samson Mow, the CSO of Blockstream.

In a recent interview, Samson spoke about the general state of Bitcoin, while also providing price predictions and his thoughts on a potential timeline for Bitcoin ETF approval.

Samson took the viewpoint that investors tend to look at Bitcoin from the perspective of the consumer – essentially, as an asset to buy or sell. However, he believes that Bitcoin should be viewed as more of a “communication protocol” in the vein of TCP/IP which is currently used by the internet, adding that there were a lot of possibilities for Bitcoin when viewed in this manner.  Read more...

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‘Real Risk’: Blockstream Exec Warns Over Bitcoin Cash 51 Percent Attack

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Feathercoin

Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoin’s (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork. 

Feathercoin? Is That You?

In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH — warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.

According to Togami, there currently exists a “real risk” of double spending, which would have a paralyzing effect on exchanges and buckle BCH’s already low liquidity.  Read more...

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Blockstream Sidechain-Issued Assets Could Make Altcoins Obsolete

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sidechain

Blockstream has revealed details of an asset trading upgrade to its Liquid sidechain, which could effectively provide an alternative to many altcoins.

Tokenize Anything With Sidechains

In an explainer July 2, Blockstream explained how its Issued Assets (IA) feature will allow users to create their own token asset on Liquid.

A sidechain for Bitcoin, Liquid already facilitates near-instant transfers, funds pegged to the Bitcoin blockchain.

With IA, those transactions can now be for practically anything.

 

“…Assets can represent existing financial instruments like tokenized fiat, crypto assets, attested assets (e.g. gold coins), or completely new assets,” Blockstream confirms.  Read more...

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Greg Maxwell Exits Blockstream As Lightning Network Sparks Warnings

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Bitcoin Core developer and Blockstream co-founder Greg Maxwell announced he has left the company as criticism mounts over its Lightning Network advocacy.

Maxwell: Blockstream Has Been ‘Big Success’

In a circular to the core mailing list Friday, Maxwell said he had opted to “spend more time working independently” on Bitcoin technical advances.

“We hoped that Blockstream could help act as an anchor of support for technology development, and in doing so help grow the community. I think that has been a big success,” he wrote.

Greg Maxwell  Read more...

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Lightning Network Debuts On Blockstream Store As New Strides Announced

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Blockstream has implemented Lightning Network Bitcoin payments on its store as part of a continued roll-out of the revolutionary technology.

Store Tests Consumer Lightning Payments

In a blog post on Tuesday, developers Christian Becker and Rusty Russell introduced the Lightning Charge addition to its long-running Elements Project. This is designed in their words to “make it simple to build apps on top of Lightning.”

The pair explains:

Lightning Charge is a micropayment processing system written in node.js. It exposes the functionality of c-lightning through its REST API, which can be accessed through JavaScript and PHP libraries, both of which have also been released through the Elements Project. […] Together, these additions make it easy for developers to use c-lightning to create their own, independent web-payment infrastructures.  Read more...

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Reddit Bickers over Blockstream’s Bitcoin Developmental Intentions

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The Bitcoin Foundation has been the centre of attention over the past year, albeit most of the focus has been far from positive.  Bleeding funds left, right and centre, combined with people placed in a position of power who only push their own agenda, has made the Bitcoin Foundation all but defunct.  Just yesterday, the Bitcoin Foundation shouted out to Blockstream, as their Bitcoin knowledge is “extraordinary”.

Blockstream – Funding Bitcoin Development with Money and KnowledgeBlockstream

In the past few months, Bitcoin core development has not been funded by the Bitcoin Foundation, simply because there is no money to do so.  While most of the major core developers can sustain themselves for lengthy periods of time, a permanent solution would be a step in the right direction.    Read more...

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Blockstream Raises US$21M In Seed Round Funding

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Back in the 90’s, Austin Hill recruited Adam Back to join his company called Zero-Knowledge Systems. The company’s goal was to commercialize cypherpunk privacy-enhancing technologies such as anonymous encrypted networking and Mr. Brands’ pioneering protocol for e-cash. The latter is still the most flexible central-server protocol developed to this day. The company did have many successes, but the market just was not ready to accept Zero-Knowledge Systems’ e-cash work at that time.

 Read more...

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