blockstream

Bitcoin Needs More Gym Friends in 2020

Samson Mow, CSO of Blockstream, demonstrates to all of us why the bitcoin community needs a little more testosterone heading into 2020. | Image: shutterstock.com Infamous “Gym Friend” meme contains lessons for the bitcoin community in 2020. Campaign of frantic censorship and deflection highlights a lack of reasoned leadership at Blockstream. The cryptocurrency space needs...
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Hashing Ahead: A Look at Bitcoin Mining in 2020

The December 2019 report on the Bitcoin mining network from CoinShares Research, a division of the digital asset management firm, presented an industry in good health at the end of the year, with a hash rate that had almost doubled in the previous six months, a new generation of more powerful and efficient technology on...
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Blockstream CEO Adam Back: How Bitcoin Sidechains Could Destroy Altcoins

Early cryptocurrency developer and British cryptography expert Adam Back has been speaking at the Transylvania Crypto Conference about Bitcoin sidechains. The basic premise is that this additional functionality could render many of the altcoins simply unnecessary.Bitcoin Sidechains The FutureIt has been five years today since the original whitepaper on Bitcoin sidechains was released. Back, who...
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Bitcoin Core developers largely underpaid in ecosystem: Blockstream dev

Blockchain is the spine on any cryptocurrency project and the same goes for Bitcoin’s ecosystem. Just like every other crypto space, Bitcoin‘s network requires continuous development on the technological front, while dealing with major issues like scalability, transaction speed, and overall security. However, according to a Bitcoin developer, financial restrictions were currently shunting rapid progress....
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Bitcoin developer Jimmy Song denounces hidden information; calls for transaction awareness

Recently, Bitcoin developer, educator and entrepreneur Jimmy Song released a Q&A video for Bitcoin Tech Talk #158, a video during which Song addressed several issues and concepts associated with Bitcoin. The first one was Bitcoin Transaction Monitor, which provides data about any transaction entering the mempool in a visual manner, while also allowing them to...
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Blockstream’s Samson Mow reveals plan to expand Liquid functionaries

“Liquid is a fork of Bitcoin itself, so you can audit the code and see how it functions,” said Blockstream CSO Samson Mow during his latest interview with BTC Sessions. After three years of building, San Francisco-based startup Blockstream launched Bitcoin’s first-ever sidechain in the first week of October this year. Sidechains have been touted...
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Blockstream’s CSO reveals efforts towards building ‘immersive world’ on Liquid

“There is a very strong connection, I think, between gaming and crypto. Gamers are early very adopters, they are very accepting of digital assets, digital currencies, virtual currencies, and virtual items, and contributing value to them. so it’s kind of like a natural fit,” said Samson Mow, CSO of Bitcoin startup Blockstream, on a recent...
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4 Best Blockchain Conferences to Attend in Q4 2019

Here are the brightest events in the blockchain industry that are scheduled for the coming months. They will help you to stay up-to-date with the newest developments. The first three quarters of 2019 have been remarkably exciting and the industry continues to grow in numerous ways.   One commendable progress is the open-mindedness received from banking...
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Bitcoin smart contract potential to be unlocked by miniscript, says Blockstream CSO

Recently, Samson Mow, Chief Strategy Officer at Blockstream, appeared on the Magical Crypto Friends to talk about Miniscript, a language that builds on top of Bitcoin Script to make scripting smart contracts on the Bitcoin blockchain easier. He said, “The challenge with Bitcoin Script is that it’s hard to use and easy to make mistakes due...
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Bitcoin is a settlement layer and not a payments layer, claims Blockstream’s Samson Mow

Recently, Blockstream CSO Samson Mow spoke at the Upbit Developer Conference 2019 about Liquid and creating Lightning networks for any asset issued on Liquid. Mow started by hyping the new and advanced technologies that are coming to Bitcoin for the improvement of its scaling issues. He spoke about Schnorr signatures, which act as a replacement...
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Bugs Discovered in Bitcoin Lightning Network Implementations, Fixed

Blockstream core engineer Rusty Russell discovered critical Bitcoin Lightning Network bugs that were affecting C-Lightning, Éclair, and Lightning Network Daemon (lnd) implementations. Early LN Versions Failed to Check Funding Transaction Amounts Presently, three autonomous teams are working on the Lightning Network implementations: Blockstream, ACINQ, and Lightning Labs. The main objective of these teams, among other...
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Video Interview: Francis Pouliot on Liquid Network, Bitcoin Privacy

[embedded content] On the first day of the 2019 Baltic Honeybadger conference, prominent bitcoiner and Bull Bitcoin CEO Francis Pouliot spoke with Bitcoin Magazine just a few hours after Bull Bitcoin announced it would be joining Blockstream’s Liquid sidechain federation.  “The first step for Liquid’s integration is to accept L-BTC payments,” said an exuberant Pouliot...
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Blockstream Bitcoin mining pool utilizing BetterHash contributes to decentralization of mining ecosystem

Blockstream, a Bitcoin and blockchain technologies company, unveiled its “biggest product” in early August, causing quite a stir in the crypto-community. The company announced the launch of Blockstream mining colocation service and Blockstream Pool, which deploys BetterHash protocol. This venture of Blockstream into the mining ecosystem was one of the topics of discussion during the...
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Adam Back Linked to Jeffrey Epstein? Vitalik Buterin Refutes Claims

Vitalik Buterin deemed the link between Adam Back and deceased billionaire Jeffrey Epstein as tenuous at best. But social media posters noted potential flows of funds between MIT Media Lab and Blockstream, a company for Bitcoin-related services. Vitalik Comes to Adam Back’s Aid Adam Back, the co-founder of Blockstream, was the next in line to...
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Bitcoin Rap Battle Explains It All: ‘The System Is So Broken, We Need That Crypto Token’

[embedded content] A co-founder of LinkedIn and a member of the PayPal Mafia, Reid Hoffman, released a new rap video describing a competition between central banks and cryptocurrency. His “epic rap battle” begins with presenting the U.S. Founding Father and first Secretary of the Treasury – Alexander Hamilton, and, of course – Satoshi Nakamoto (don’t...
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Bitcoin Fees Today Over 88% Less Than December 2017

Bitcoin Fees in December 2017 were almost always above $10, sometimes reaching nearly $30. Today we are nearly at the same price and fees have dropped considerably; less than a dollar in most cases. But has Bitcoin actually scaled, or is it just a case of fewer transactions happening on the network? Fees are only...
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Bitcoin Maximalists Embrace Ethereum After Receiving an Offer They Can’t Refuse

A group of hardcore bitcoin maximalists have heroically overcome their hatred for Ethereum after receiving ERC20 shares in crypto exchange INX worth hundreds of thousands of dollars. The staunch BTC loyalists, led by Blockstream CTO Samson Mow, have agreed to support a project built on Ethereum, despite all the mean things they’ve said about it....
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Bitcoin Base Layer Not Good for Payments: Declares Blockstream Exec

“Bitcoin: A Peer-to-Peer Electronic Cash System” is the title of the original white paper for the world’s favorite cryptocurrency. This simple line, which may not convey much to the average reader, has led to mass discourse within the cryptocurrency community. The individuals behind Bitcoin Cash believes that the blockchain should achieve “digital cash” status through...
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What Are Sidechains? Extending & Providing Extra Functionality to Existing Blockchains

Sidechains are an essential innovation in the blockchain field with some interesting long-term implications and effects on the broader interoperability and scalability of blockchain networks. They are effectively extensions of existing blockchains that increase their functionality and allow for validation of data from other blockchains and for assets to be seamlessly transferred between them. There...
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Tether Live on Liquid Network as Judge Postpones Verdict on NYAG — Bitfinex Case

Blockstream has announced the launch of Tether (USDT) support on the Liquid Network. This news comes amid a flurry of features being added to the company’s flagship project. Meanwhile, the New York Supreme Court has postponed hearing on the case between the state’s Attorney General’s office (NYAG) and Bitfinex. Some commentators had been eagerly awaiting...
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A Look at the Blockstream Company & Their Bitcoin Products & Technology

Blockstream is a Bitcoin development company that has positioned themselves among the leaders of innovation in the broader industry. Founded by a team of notable cryptographers and Bitcoin developers, Blockstream offers a suite of open-source technology and projects designed to push the edges of a novel industry. Founded in 2014, Blockstream has raised $90 million...
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