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It took 3 years for Blockstream to launch the Liquid Network, a sidechain on Bitcoin. Liquid works by users first converting Bitcoin(BTC) to Liquid Bitcoin (LBTC). Each LBTC is tied to actual Bitcoins, but instead of moving on the main network, LBTC is moved within the secure Liquid Network sidechain. Thus, transactions can occur at a faster rate inside the Liquid Network sidechain with enhanced privacy obfuscating any blockchain forensics. Apart from faster and more private transactions on Bitcoin, Blockstream is also implementing other upgrades and enhancements to the Liquid Network such as third-party wallet support for Trezor and Ledger hardware wallets, a GreenAddress wallet and an open-source wallet client. As of now, Liquid is available to all of Blockstream’s partners to use for real transactions. Partners include 23 bitcoin companies, including exchanges, brokers and other institutions, who will help to manage the sidechain, as well as use Liquid to send transactions.

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Put into simpler terms 🐺

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While most people are concerned for the welfare of the parent coin BCH, the vast majority cannot wait to see who amongst Roger Ver’s Bitcoin ABC token and Craig Wright’s Satoshi Vision token goes home with gold. ⏺️ Bitcoin ABC’s goal : Bitcoin ABC, led by Roger Ver and Bitmain’s Jihan Wu believes that the Bitcoin Cash structure is perfectly fine and requires no increase in block size, however, the developers intend to upgrade the network feature, in a bid to cut down on transaction cost. This will result in incepting new features like smart contracts, scaling upgrades and oracle services. ⏺️ Satoshi Vision’s goal : The BCH Satoshi Vision (SV) backed by Nchain’s Craig Wright is simply against the idea of upgrading the system’s protocol but rather overwrite the entire script if Bitcoin ABC, thereby increasing the original block size of Bitcoin Cash from 32MB to 128MB, and further bring about a closer Bitcoin SV goal to the original version of Bitcoin protocol which Craig says is the “original goal” of Satoshi Nakamoto. The target audience for Bitcoin SV primarily revolves around miners and exchanges as well as merchants, on the secondary level. ⏺️ Data from Coindance initially revealed that over 66% Bitcoin Cash miners are in support of Wright’s Satoshi Vision, but that is not exactly the case with Bitcoin miners who were recently threatened by Craig Wright on Twitter. However, Bitcoin ABC, on the other hand, is backed by Roger Ver who had initially shown support for Wright’s vision until their disagreement transpired, alongside Bitmain’s Jihan Wu along with Vitalik Buterin who can obviously not wait to throw “faketoshi” off the Bitcoin market. ---Who will come out Victorious?Let us know in the comments below👇 . .

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