BTC Core Company Blockstream Launches Own Block Explorer At

Blockstream Launches Their Block Explorer

In August, Blockstream announced they were releasing a set of new tools. One of them was the block explorer, which has now gone live. This block explorer will make it possible for users to look for and see data that is published in real time to the Liquid sidechain and Bitcoin network.

The Motivation

The original motivation for creating this block explorer was to allow users on Liquid’s sidechain to crosscheck their transactions. Besides that, Liquid functionaries will gain from this explorer since they can use the tool as a dashboard to monitor network activity. Besides that, they have added support for BTC and made it live and public.

Benefits Of The Explorer

This tool has various features compared to the existing products. The information it shows comes from an updated Bitcoin core full node. Besides that, it has native support for SegWit, bech32, and various other features on the BTC network.

The project will start with a few features, and they will add more functionality later on. Some of the benefits of this explorer are:

• Support for the Bitcoin testnet, mainnet, and Liquid

• There is no tracking or analytical scripts

• It has support for Bech32

• It has support for Liquid confidential addresses

• It has increased privacy support via Tor (V2, V3)

• It monitors peg-outs and peg-ins between Liquid and BTC

The explorer will make it easy for the ordinary person to explore the network. However, with time, it will have advanced features for developers. They are still open to suggestions on what features developers might need. You can always get in touch with them on Twitter to get suggestions.

Understanding Blockstream

Blockstream is a blockchain tech company led by Adam Back. The company is one of the companies at the heart of providing funding for Bitcoin Core, a network client. The company’s focus is on the development of BTC applications. In this area, it mainly focuses on coming up with sidechains although it does develop other apps.

The company has thus far raised $76 million from investors such as Mosaic Ventures. In its ranks, it has some of the top BTC developers such as Samson Mow and Christopher Allen, who co-authored the IETF Transport Layer security. The company is noted for being one of the biggest founders of Bitcoin Core.

Liquid Sidechain

On October 2015, the company launched the Liquid Sidechain. This sidechain makes it possible to transfer assets between the mainnet and the sidechain. Since then, the company has gone on to work on products that improve interoperability between the sidechain and mainnet. Due to this sidechain, Blockstream says that it reduces delays that occur during BTC transactions.

As proof of this, it has said that exchanges, which use Liquid such as Xapo, Unocoin, and Kraken, are able to make near-instant transactions between the order books and accounts. The company has been pushing to have Liquid incorporated into the BTC protocol. To prove how serious they are, they even released the source for the sidechain and made it open source.

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