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Blockstream

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Blockstream is a blockchain development company that is building several products on top of the Bitcoin blockchain. Founded in 2014 by Adam Back and several other developers, Blockstream has described its mission as building the financial infrastructure of the future, and its long term outlook as being focused on robust and scalable solutions as well as the strengthening of the Bitcoin ecosystem and protocol. 

Blockstream’s products, which range from implementations of the Lightning Network to data feeds and mining services, is perhaps what has resulted in successful funding rounds. The company has raised $76 million so far, including investments from Horizons Ventures and Mosaic Ventures. 

Specifically, Blockstream’s products are Liquid, a Bitcoin-based inter-exchange settlement network; a real time and historical cryptocurrency data feed; Blockstream Green, a secure Bitcoin wallet; Blockstream Satellite, a network of satellites that broadcast the Bitcoin node; Blockstream Mining, a co-location mining service; and a Bitcoin blockchain explorer.

2019 saw Blockstream revealed multiple core products. The Blockstream Mining and Pool was released in August, and is a mining equipment co-location “designed to meet the needs of institutional and enterprise customers.” The team also released Liquid Core, a multiplatform desktop wallet. Several tokens also integrated with the Liquid Network. 

The company is also putting a wealth of resources into research. Current initiatives include work on Bitcoin scaling solution, the Lightning Network, and confidential assets, relating to truly anonymous transactions. The company has released whitepapers on pegged sidechains and the aforementioned confidential assets.


Venezuelan Bitcoin Blockstream Satellite Node

5 Oct 2020 2 minute read 1 comment Juan Molina

  Venezuela has the worst performing internet connection in Latin America, which negatively affects a very active user base in terms of crypto-finance and access to blockchain. In Steemit and Hive for example, Venezuelan users have great representat...

Blockstream CEO Adam Back Labels Ethereum and Ripple as Scams

6 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Blockstream CEO Adam Back, in a Twitter discussion with journalist Layah Heilpern, put Ethereum (ETH), Ripple (XRP), Stellar Lumens (XLM), Cardano (ADA) and other projects in the same group as Bitconnect and the scams perpetrated by Charles Ponzi and...

The Blockchain Space Race

13 Jul 2020 1 minute read 0 comments Turquoise

Blockchains in space and the search for a decentralized Star Trek like financial future is here. Satellites are becoming more efficient and companies are deploying satellites that can host a blockchain. Dennis Gatens of Cloud Constellation Corporatio...

How did the Liquid Network gain control of the 870 BTC and how secure is the protocol?

3 Jul 2020 6 minute read 0 comments Kluma

Due to a bug in the Blockstream side chain solution Liquid Network, its employees had access to other people's funds for 18 months. Management was aware of the problem, but did not report it. On June 25, the vulnerability was accidentally discovered...

What is a Liquid Network?

22 Jun 2020 7 minute read 2 comments Kluma

What is a Liquid Network? Liquid Network is a federal bitcoin sidechain that functions as a settlement and payment network for cryptocurrency exchanges, market makers, brokers, and other market participants. The Liquid sidechain is based on Eleme...

Blockstream CEO Adam Back: Crisis to send Bitcoin to $300K

3 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

In an interview with Bloomberg on June 2, Blockstream CEO Adam Back said that the stimulus packages that governments have been releasing would push Bitcoin to “$300,000 within five years.”  The Blockstream CEO said that this price rise would occur ir...

Blockstream and GoTenna create alternative channel for satellite transactions with Bitcoin

13 May 2019 1 minute read 0 comments Exe8422

  A partnership between the company that manages the satellite API (application programming interface) Blockstream and GoTenna, the startup of distributed communications networks, was announced this May 11 in the framework of the Magical Crypto Confe...