Blockstream expands Liquid Federation, but LBTC adoption remains slow

Blockstream expands Liquid Federation, but LBTC adoption remains slow


Blockstream has added six more members to the federation that governs Liquid, the firm’s Bitcoin sidechain for inter-exchange settlement network.

The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, broker Watchdog Capital, and Liquid Network settlement platform Sideswap.

The #LiquidNetwork Federation grows to a total of 59 with six new members announced today. The six new members are @coinoswallet, Komainu, @nymproject, @side_swap, @vulpemventures, and @WatchdogCapital. https://t.co/QkluG8ivIh pic.twitter.com/CudS30Xyjv

— Liquid Network (@Liquid_BTC) January 11, 2021

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Liquid was announced at the end of 2015 as a Bitcoin sidechain designed to speed up Bitcoin transactions settlement for crypto exchanges.

Liquid supports LBTC tokens that are pegged to Bitcoin. According to official data, there are currently 2,756 circulating LBTC, with the sidechain processing roughly 540 transactions each day.

The Liquid Federation now spans 59 members, including top cryptocurrency exchanges Bitfinex, OKEx, BitMEX, and Huobi, investment product provider CoinShares,

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