Coinspeaker Blockstream Rolls Out the New App Allowing Users Issue Security Tokens on Bitcoin SidechainIt has become known that Bitcoin startup Blockstream is working on the launch of a new tokenized securities platform. The platform will provide users with an opportunity to issue their own tokens by utilizing the firm’s custom-built Bitcoin sidechain, Liquid Network.Though many people still believe that tokens can be issued only by powerful corporations or governments, it is not really true as today the entire crypto sphere is not concentrated in the hands of big firms.And with its new project, Blockstream will prove that even everyday users without any coding skills can launch their own security tokens.The platform was introduced to a wide audience in the framework of Coindesk Consensus Conference 2019. And it is the first product that Blockstream has launched on top of its Liquid network sidechain that is connected to the original Bitcoin blockchain. Nevertheless, Blockstream claims that its sidechain has such advantages as increased speed and improved privacy in comparison to the original blockchain.Moreover, with the help of the app users will be able to manage security tokens on top of the Liquid Network. According to Blockstream CSO Samson Mow, though businesses all around the world are taking an interest in the tokenization of securities, traditional blockchains at the current moment can’t provide them with such a possibility. He explained:“Unfortunately, blockchain platforms like Ethereum are failing them due to issues with scaling, privacy, and reliability. […] Now, with the launch of Liquid Securities, businesses can quickly issue Liquid-based security tokens with the click of a button, and establish sophisticated rulesets to conform with their regulatory requirements with no engineering experience required.”Though the platform has just been announced, a number of companies including BnkToTheFuture, TokenSoft, Zenus Bank, and Pixelmatic have already been included in the group of its partners.As it has been already mentioned you don’t have to be a coder if you want to use the Liquid Securities platform to launch a token. The platform will offer you a user-friendly web interface similar to the one you are accustomed to. To issue and monitor your token, you are not required to code up the rules manually as the app will offer you multiple options to set up the rules, including regional restrictions and requirements to investor accreditation.Speaking about the new platform, CEO of BnkToTheFuture, which is one of its partners, Simon Dixon noted:“This is a completely new field, so building security token applications should be engineering-intensive work.”“Liquid Securities instead provides us with everything we need to get going out-of-the-box, helping us to get our token issuances to market faster. The fact that Liquid is built by one of the most accomplished teams in the Bitcoin industry gives us even more confidence in the service’s future,” added he.The question of regulation has also been taken into consideration by Blockstream as it will also offer a Liquid Securities API which will ensure additional compliance and legal services.Blockstream Rolls Out the New App Allowing Users Issue Security Tokens on Bitcoin Sidechain
Asian Crypto Exchanges are Experiencing Major Issues Because of Amazon Cloud Outage
Friday August 23, 2019
Coinspeaker Asian Crypto Exchanges are Experiencing Major Issues Because of Amazon Cloud OutageIn recent news, Amazon has experienced a cloud service outage which has caused several crypto exchanges, including Binance, to report problems. Binance is seeing international problems, the company CEO Changpeng Zhao explained on his Twitter:It's causing some 500 error messages on APIs and […]
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