🚀 Liquid Bitcoin's Collateralization Issue Resolved Swiftly
#LiquidBitcoin #Collateralization #Bitcoin #LBTC #Blockstream #NS3AI #AdamBack #FederatedWallets #NetworkIssue #BTC
A temporary issue with the Liquid Bitcoin (LBTC) dashboard showed undercollateralization due to outdated node software and incomplete visibility of federated wallets. According to NS3.AI, Adam Back, CEO of Blockstream and a member of the Liquid Network, confirmed that the problem was quickly resolved and that LBTC remains fully backed 1:1 with Bitcoin. The error occurred because old addresses were mistakenly counted, resulting in a temporary display of only 82.4% backing. However, independent dashboards have verified that full collateralization is maintained.#LiquidBitcoin #Collateralization #Bitcoin #LBTC #Blockstream #NS3AI #AdamBack #FederatedWallets #NetworkIssue #BTC
🚀 Blockstream Integrates Lightning Payments with Liquid Network in New App Update
#Blockstream #LightningPayments #LiquidNetwork #BlockstreamGreen #AtomicSwaps #LiquidBitcoin #LBTC #JadeDevices #HardwareWallet #Bitcoin #BitcoinLightningNetwork #BTC
Blockchain development company Blockstream has released version 5.2.0 of its Blockstream Green application. According to ChainCatcher, this update connects Lightning payments with the Liquid Network, a Bitcoin sidechain developed by Blockstream, using atomic swaps to convert Lightning payments into Liquid Bitcoin (LBTC) secured by Jade devices.
The report highlights that the Blockstream Jade hardware wallet is currently the first hardware wallet capable of interacting with the Bitcoin Lightning Network. This allows users to send and receive Lightning payments while securely storing funds in cold storage.#Blockstream #LightningPayments #LiquidNetwork #BlockstreamGreen #AtomicSwaps #LiquidBitcoin #LBTC #JadeDevices #HardwareWallet #Bitcoin #BitcoinLightningNetwork #BTC