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Liquid Bitcoin [L-BTC] gets a boost with Blockstream’s latest Liquid Core desktop wallet

Liquid bitcoin [l-btc] gets a boost with blockstream’s latest liquid core desktop wallet

Liquid Bitcoin [L-BTC] gets a boost with Blockstream’s latest Liquid Core desktop wallet

On March 11, the world’s largest cryptocurrency, bitcoin [BTC], received a boost when Blockstream announced the launch of Liquid Core, a new multi-platform desktop wallet for transacting Liquid bitcoin.

Liquid bitcoin [l-btc] gets a boost with blockstream’s latest liquid core desktop wallet

Based on the tested bitcoin Core, it aims to provide users with a familiar User Interface to send and receive Liquid bitcoin and assets on the Liquid Network. The company’s blog stated:

“Liquid Core gives traders the tools to deposit and withdraw L-BTC from supporting exchanges, while also allowing them to transact between each other without the need of an intermediary.”

Blockstream said that L-BTC transacted on the Liquid Network is fully settled in two minutes, providing traders with access to much faster transactions and more efficient use of capital. The official release elucidated:

“Liquid Core has Confidential Transactions enabled by default, hiding key transaction details such as asset types and amounts from third parties. This provides much stronger privacy assurances than typical bitcoin transactions, and reduces the risk of revealing sensitive trade information to competitors.”

Confidential transactions were first created by former bitcoin developer Adam Back. It is a method of increasing the privacy of a transaction by “homorphically encrypting the inputs and outputs using a binding factor”.

The latest release from Blockstream witnessed several queries from the user base which were answered by Samson Mow, the CSO of Blockstream and Adam Beck. JEREMY, a cryptocurrency enthusiast had asked:

Does this mean you can use your own assets with options in the wallet or CLI?”

To this Samson Mow commented:

“Issuing Assets still needs CLI, but you can receive and send them in the UI. Labeling assets can also be done with a config file. Still a lot of work to be done for Assets.”

Adam Back added to the discussion:

“for labelling eg adding this line to liquid.conf

assetdir=8026fa969633b7b6f504f99dde71335d633b43d18314c501055fcd88b9fcb8de:Lager

labels in the UI the Lager demo asset from //liquid.beer”

Blockstream was also in the news earlier when Blockstream’s satellite received an update to make it more flexible, efficient, and optimized. Back tweeted:

“This new @blockstream satellite code release broadcasts transactions before blocks, using compact blocks and a newer version of FIBRE. (transactions first was a commonly asked for #blockstreamsatellite feature). using compact blocks also reduces block transfer latency by >10x”

The post Liquid Bitcoin [L-BTC] gets a boost with Blockstream’s latest Liquid Core desktop wallet appeared first on AMBCrypto.

Published at Wed, 13 Mar 2019 10:21:02 +0000

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Jim Rickards: Debt, The Death of Money and Gold

wallstreetexaminer.com / by Craig Wilson via The Daily Reckoning / April 3, 2017

Jim Rickards joined Greg Hunter of USAWatchdog to discuss his book The Death of Money and the debt ceiling issues facing Trump and Congress. During the interview the two discuss everything from what to expect from Federal Reserve policy to gold prices in the coming months and years.

To start out the interview Jim Rickards was asked on the national debt where he contends, “The debt ceiling is very important. The United States runs budget deficits year after year. In the last 50 years we have only had minimal surplus years under Nixon and Clinton. We currently have $20 trillion of debt. The Treasury cannot just borrow however much they want. The U.S Congress limits the Department of the Treasury’s ability to borrow, what is called the debt ceiling. When the Treasury wants to borrow more, you have to raise the ceiling ceiling by the legislative process – an act of Congress.”

“Officially the existing debt ceiling ran out on March 15 and the Treasury cannot borrow any more money. Right now the Treasury is within tax season so it has positive cash flow. They have more in than going out and will not need to borrow at the exact moment. That is strictly temporary and a function of tax season in. Once we get through April, the shoe is on the other foot.”

“They’re going to hit a “hard ceiling” probably by August, if not sooner. Then the issue becomes whether Congress gives the Treasury the authority to borrow more money. The problem is when passing a debt ceiling bill, the “strings attached” deals that come with them. You gain some members in doing deals and lose others. We saw that with the health fiasco and the repeal of Obamacare failed not because of Democrats but because of Republicans who could not agree amongst themselves.”

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The post Jim Rickards: Debt, The Death of Money and Gold appeared first on Silver For The People.

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