VICTORIA, British Columbia, July 30, 2020 /PRNewswire-PRWeb/ — This week, the Liquid Network, a sidechain-based settlement network designed by Blockstream, welcomed eight new members to the Liquid Federation: CoinShares, Condensat Technologies, INX, JST Capital, Paymium, Petrushev Capital, Sevenlabs, and Satoshis Games.
The new batch of members brings the Liquid Federation to a total of 53 members, which includes cryptocurrency exchanges, trading desks, infrastructure providers, and now even some Bitcoin gaming companies.
“The new addition of members represents an accelerating interest in the industry’s leading sidechain,” said Samson Mow. “At the time of writing, there are over 2,400 L-BTC and almost 500 registered assets on the Liquid Network. The latest notable issuances include SETTLENET’s Japanese yen–backed JPYS token and Light Nite’s variety of gaming assets.”
As the federation grows, the security of the Liquid Network also improves—decision making over the development of the network becomes more distributed. Also, the upcoming Dynamic Federations (DynaFed) update will facilitate any of the members to fire up new functionaries that operate and secure the sidechain.
“Capital markets are seeing a rapid digital transformation, and nowhere is the pace of technological innovation as rapid as in crypto,” said Meltem Demirors, Chief Strategy Officer at CoinShares. “As a pioneer in the industry, we are early adopters of new technologies like Liquid which drive efficiency, speed, and trust among industry participants.”
The addition of new members also means new integrations. Some are already online, while others will be going online soon, providing Liquid users with more venues to