Blockchain software development BlockStream announced that its mobile wallet, Green Wallet, now supports the firm’s Liquid Network sidechain in a blog post published on July 5.
Per the announcement, users of the wallet can now store, send and receive Liquid Bitcoin (L-BTC) and Issued Assets on the Liquid sidechain. The Liquid Network project, first discussed in 2015 and launched in October 2018, aims to allow for faster transactions with Bitcoin (BTC)
between businesses and individuals with the use of its features.
Bitcoin transactions on to the sidechain, where it moves as bitcoin
liquid, are reportedly also more private:
“L-BTC
transactions on Liquid also benefit from the latest Confidential
Transaction technology, which ensures that key details of transactions
are hidden by default. Third parties inspecting [...] will be able to
see the addresses the transaction was sent from and to, but not how much
was sent, or even what was sent.”
Lastly, in
addition to L-BTC, Liquid also supports other tokenized assets such as
stablecoins and securities. The post also specifies that the wallet
supports both Android and iOS devices through the dedicated store and promises desktop functionality coming soon.
As Cointelegraph reported
earlier this week, Blockstream recently launched a new tool that allows
users to execute atomic swaps for all assets supported by the Liquid
network.
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