Blockstream is a blockchain development company founded by Adam Back in 2014 and headquartered in San Francisco, U.S. Blockstream investors include Horizons Ventures, Blockchain Capital, Digital Currency Group, AXA Strategic Ventures and others. Blockstream is focused on developing Bitcoin sidechains and other blockchain-related applications. Blockstream is also one of the main funders of Bitcoin Core. Blockstream announced a plan to launch a satellite that would broadcast the full Bitcoin blockchain to eliminate the need for internet connection for the use of Bitcoin. Blockstream plans to earn fees taken for the use of the network. Blockstream is also involved in the development of the Lightning Network, writing Bitcoin advancement concepts and is the establisher of Elements Project.
Blockstream’s Liquid sidechain suffered a security incident where 870 BTC were briefly available to the company’s emergency recovery multisig contract.
Anomaly on Bitcoin Sidechain Results in Brief Security Lapse
Former Mt. Gox CEO Mark Karpeles insists that the 80,000 Bitcoin that Dr. Wright claims were stolen from the exchange, citing expert support.
Former Mt. Gox CEO Mark Karpeles: Craig Wright Is ‘Either a Thief or a Fraud’
Commercial service on Crypto Garage’s Settlenet system, trialled for a year within Japan’s regulatory sandbox, is now available.
Crypto Garage Launches Commercial Service for Settlenet System
Research by Flipside Crypto into revenue generated by blockchain games shows that, in some cases, gamers are earning more than the game companies.
Blockchain Gamers Earned $20M in Their First Year
Blockstream has launched an initiative intended to connect developers building on its Liquid sidechain with Bitcoin-focused investors and entrepreneurs.
Blockstream Launches Ventures Initiative to Grow Liquid’s Ecosystem
Crypto pioneer Adam Back thinks the current financial situation could propel Bitcoin to $300K — even without Goldman Sachs on board.
Adam Back: Crisis Will Push BTC to $300K Even Without Institutions