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Blockstream’s CSO Adam Back Names Exchanges That Use Liquid, See Full List

News
Sun, 05/24/2020 - 15:08
Vladislav Sopov
The Liquid Network is Bitcoin’s sidechain for rapid transactions. Blockstream’s chief strategist Adam Back explained why Liquid is necessary for active traders.
Blockstream’s CSO Adam Back Names Exchanges That Use Liquid, See Full List
Cover image via www.youtube.com
Contents

The Liquid Network, which was developed by the Blockstream blockchain studio, is a second-layer settlement solution on top of the Bitcoin (BTC) network. It utilizes Liquid Bitcoins (L-BTC), assets that are verifiable and backed 1:1 by Bitcoin (BTC).

Active Trading with Low Fees

Mr. Back announced the utilization of Liquid Bitcoin is inevitable for active traders. He also highlighted that Bitcoin (BTC) transactions are finalized in two minutes for $0.01-0.02 with Liquid.

At the same time, transactions within the Bitcoin (BTC) network can be charged with fees of $2.5 and confirmation wait periods of 1+ hour(s).

This is why traders should use Bitcoin (BTC) exchanges that have already integrated Liquid solutions. Mr. Back also asked Bitcoin (BTC) owners to complain to the platforms that hesitant to implement it.

He highlighted that using Liquid is of particular importance for margin traders since they can be liquidated while waiting for slow or transactions that are stuck.

Liquid Adoption is on the March

Adam Back attached a full list of exchanges and trading platforms that support Liquid transactions. Many of them have not only implemented L-BTC, but also L-BCH and USDt, the Liquid-based version of the most adopted stablecoin.

Bitfinex, Hodl Hodl, and Bisq are the most popular trading environments on this list. Mr. Back added that the crypto hardware wallets by Ledger support Liquid as well.

He invited all ecosystems to implement Liquid.

It is also worth noting that Liquid outperformed the Lightning Network two months ago, the first mass-adopted Bitcoin (BTC) L2 scalability solution, in terms of network capacity.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)