Blockstream Buys Bitcoin Wallet to Boost Sidechains Development

Bitcoin Watch Shop


Bitcoin infrastructure designer Blockstream has acquired wallet provider GreenAddress in a pierce a startup says could impact a growth of a signature, still in-development sidechains solution.

Following a acquisition, GreenAddress Wallet’s team of 3 developers will continue to work on remoteness and confidence bolstering facilities for a wallet as good as harmony for sidechains, a bitcoin infrastructure member that Blockstream has lifted $76m in dual investment rounds to engineer.

In interview, former GreenAddress owner and CEO Lawrence Nahum, now comparison designer during Blockstream, pronounced that a idea is to figure a wallet into a something like a portal for sidechains, a record meant to capacitate a new call of interoperable blockchains that could be anchored to a bitcoin blockchain.

Nahum told CoinDesk:

“Blockstream is not only going to need some node use that provides some functionality, though it’s also going to need an interface, a wallet. It will yield an integrated resolution for Blockstream customers.”

The pierce is maybe not surprising, as a dual teams have been operative closely for dual years.

Launched in 2014, GreenAddress Wallet was early to support innovative wallet features, such as deterministic wallets that concede for softened pivotal origination and multi-signature security.

Sidechains compatibility

But, some-more than interesting GreenAddress,

Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824