Ledger and Liquid: Building Bridgesīy combining the built-in security of Ledger hardware wallets and the agile nature of Liquid, network participants achieve a balance of convenience and security. Once a user has transferred bitcoin to Liquid, they can take advantage of the network’s speed and confidentiality features when making transactions – all while maintaining peace of mind. Because this relationship is cryptographically verified, Liquid bitcoin (L-BTC) cannot be fraudulently generated, further securing each transaction. This dynamic ensures that the price of bitcoin on the Liquid Network reflects the price of bitcoin originated on the main chain. Members collectively manage the network and guide its development.īitcoin on the Liquid Network are verifiably backed 1:1 by bitcoin on the Bitcoin mainchain. Liquid is operated by a federation of members, which include exchanges, trading desks, and other cryptocurrency companies. The Liquid Network is a Bitcoin sidechain which provides asset issuance, fast settlement times, and transaction confidentiality. Taking a collaborative approach to decentralisation, the Liquid Network represents the next generation of distributed infrastructure. As Nicolas Bacca, our Co-Founder and Chief Innovation Officer at Ledger puts it, “We wanted to join the Liquid Network because we believe it’s a way to trade Bitcoin in a more efficient and decentralized manner right now.” For Ledger, joining the Liquid Network is about integrating core competencies and efficient infrastructure to improve the user experience. However, a lack of interoperability, privacy, and speed on legacy blockchain networks has made widespread adoption cumbersome. If segment growth keeps pace with the broader ecosystem, forecasts suggest the hardware market will reach a value of $708 million by 2025. In 2019, the crypto hardware market hit an estimated value of $164 million. As exchange hacks persist, amongst a myriad of vulnerabilities, it’s apparent that both consumer and institutional investors are seeking to better protect their funds. And for institutional investors, Ledger Vault now offers enhanced security and a robust governance framework. Ledger hardware wallets have long been a preferred choice for those looking to secure their crypto assets.
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