Blockstream implemented support for Lightning payments in sidechain Liquid

The developer of Blockstream, under the name of grubles, told in his blog that users of the Liquid Sidebar could open the Lightning Network payment channels using c-lightning implementation.

This makes it possible to conduct quick and private transactions with the Liquid-BTC asset (L-BTC). In the future, the developer notes, this function, along with Confidential Transactions , will work with all assets of the Liquid network through payment channels Lightning Network.

According to Adam Beck, the CEO and co-founder of Blockstream, now, thanks to new developments, networks of different levels can interact with each other efficiently and seamlessly for users.

Lightning on bitcoin on liquid (L-BTC). Bitcoin layers connecting and converging! (People may not know what can be bridge multiple networks). https://t.co/E2Qm9oIuij

– Adam Back (@ adam3us) 2 linens 2019 p.

Liquid is a federated sidecoin of Bitcoin, functioning as a settlement and payment network for cryptocurrency exchanges, market makers, brokers and other financial institutions.

Lightning Network (LN) is a payment protocol that allows for low-cost and instantaneous transactions, which is also a solution to the problem of Bitcoin scalability. According to 1ML , currently 8944 LN nodes are in operation, interconnected by 34,291 payment channels.

Earlier, BlockchainJournal reported that Blockstream added support for atomic swaps for all assets in the Liquid sidechain.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.