{"id":12908,"date":"2019-03-13T00:00:00","date_gmt":"2019-03-13T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/03\/13\/blockstream-release-liquid-core-a-user-friendly-liquid-bitcoin-sidechain-wallet\/"},"modified":"2019-03-13T00:00:00","modified_gmt":"2019-03-13T00:00:00","slug":"blockstream-release-liquid-core-a-user-friendly-liquid-bitcoin-sidechain-wallet","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/blockstream-release-liquid-core-a-user-friendly-liquid-bitcoin-sidechain-wallet\/","title":{"rendered":"Blockstream Release Liquid Core, a User-Friendly Liquid Bitcoin Sidechain Wallet"},"content":{"rendered":"

Liquid Bitcoin [L-BTC]<\/strong> Network\u2019s official complementary wallet Liquid Core<\/strong> is out this week accessible on the GitHub repository hosted by Bitcoin infrastructure developer Blockstream.<\/p>\n

According to a blog post on the Blockstream<\/a> <\/strong>website by the developer\u2019s chief architect Lawrence Nahum:<\/p>\n

Blockstream is \u201cexcited to release Liquid Core, a new multiplatform desktop wallet for transacting Liquid bitcoin (L-BTC). Based on the battle-tested Bitcoin Core codebase, Liquid Core provides power users with a friendly alternative to the command line required to operate liquidd and liquid-cli.\u201d<\/em><\/p>\n

Liquid Core is a more user-friendly wallet geared towards the more average Bitcoin user with the intention of making the L-BTC network more prevalent in the space.<\/p>\n

The liquid and liquid-cli are both command-line interfaces that are only suitable for use by developers but not traders and general L-BTC users. However, Blockstream would like to take L-BTC \u2018mainstream\u2019 and that means that the official wallet will have to be more suited for widespread usage.<\/p>\n

\"Liquid<\/a><\/p>\n

Launched in October last year, Liquid Bitcoin was created as a side-chain scaling improvement similar to the Lightning Network<\/a> <\/strong>also a Bitcoin scaling proposal that has recently gone viral following an experiment on the Twitter platform that saw the participation of extremely influential personalities not just in crypto-space.<\/p>\n

According to Blockstream, with the release of Liquid Core Sidechain wallet, more users including traders now have the necessary tools to access L-BTC considering that the network offers block generation times at up to five times faster than the more mainstream Bitcoin network. On top of that, L-BTC offers greater privacy with confidential transactions as opposed to Bitcoin\u2019s open ledger transactions.<\/p>\n

\u201cLiquid Core gives traders the tools to deposit and withdraw L-BTC from supporting exchanges, while also allowing them to transact between each other without the need of an intermediary,\u201d<\/em> Nahum says in the blog post.<\/p>\n

In a prior Reddit thread<\/a><\/strong> by Blockstream founder and CEO Adam Back, the developer said that,<\/p>\n

\u201c(Liquid) is mostly interesting for people who trade on exchanges, or do cross-exchange trading as it allows them to deposit funds faster from storage, and move funds across exchanges quickly.\u201d<\/em><\/p>\n

It is safe to deduce from this statement that the Liquid Core wallet was designed with the average trader in mind. These are less technical investors that will appreciate the more user-friendly GUI as opposed to the previous command-line options. \u201c[Liquid] also paves the way for trustless exchange,\u201d<\/em> Back added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Liquid Bitcoin [L-BTC] Network\u2019s official complementary wallet Liquid Core is out this week accessible on the GitHub repository hosted by Bitcoin infrastructure developer Blockstream.<\/p>\n","protected":false},"author":4,"featured_media":12910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4623,5521,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12908"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=12908"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/12910"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=12908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=12908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=12908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}