Boosting Bitcoin with Liquid Network: Faster Transactions and Asset Issuance
Recently, I’ve been exploring Bitcoin network and came across an intriguing project called the Liquid Network. Developed by Blockstream, its goal is to provide instant Bitcoin transactions and support additional features. This article will introduce the basic concepts of the Liquid Network, along with its advantages and applications. Background Why Are Sidechains Necessary? Network Congestion As the number of Bitcoin users increases, so does the transaction volume. However, Bitcoin’s block size is limited, and each block can only accommodate a finite number of transactions....