Blockstream has released a whitepaper detailing the Strong Federations system, the foundation for the Liquid sidechain project to improve privacy, costs, speed of value transfers and settlement among exchanges and brokerages. ‘An Interoperable Blockchain Solution’ Under the leadership of Adam Back, Blockstream has released a whitepaper dubbed “Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks.” The whitepaper delves into the intricacies of the federated pegs system that can be used to attach sidechains to Bitcoin.
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A new blog post has come out explaining the essence of Rootstock, a Turing complete platform that will utilize the Bitcoin Blockchain for its operations. The post details this protocol will allow smart contracts and enable methods of exchange similar to the Ethereum project. Developers can use its side chain technology to implement this programmable system to the original permissionless digital ledger. The Medium statement reads: Also read: U.S. Officials Warn Against Cannabis and Bitcoin Investment “Essentially