New Blockstream Liquid Core Desktop Wallet for Liquid Bitcoin (L-BTC) Transactions Releases
This week, Blockstream launched Liquid Core, a cross-platform desktop wallet made for Liquid Bitcoin (L-BTC) transactions. Liquid core borrows heavily from the Bitcoin blockchain protocol. However, the platform is an easier-to-use alternative to liquid and liquid-cli, both of which have a command line interface.
We're excited to announce Liquid Core, a new multiplatform desktop wallet for transacting Liquid #bitcoin (L-BTC)! Based on the battle-tested Bitcoin Core, it provides users with a familiar UI to send & receive L-BTC & assets on the #LiquidNetwork. ⛓️🌊💎 https://t.co/VelcTNtXnr pic.twitter.com/z9pGhTyUer
— Blockstream (@Blockstream) March 11, 2019
Liquid Core allows traders to seamlessly transact in L-BTC. This means that investors can easily trade Liquid Bitcoin on exchange platforms, as well as sell and buy from other traders. The main advantage of the Liquid Network is its remarkable speeds, with an average turnaround of fewer than two minutes.
Another significant feature available to Liquid users is data privacy. In fact, the platforms obscure the details of all transactions by default. This prevents unauthorized parties from accessing confidential data such as the amount and type of assets involved in a transaction. As a result, transactions on the Liquid Network are safer than standard Bitcoin transactions.
How It Works
Liquid Core emphasizes simplicity and can be used by anyone. That said, users that have used the Bitcoin Core wallet will have a better understanding of the platform than others. To transact on the Liquid Network;
- Confirm that you have a fully functional Bitcoin full node. It should be configured in a way that it runs simultaneously with Bitcoin Core.
- Download and install the Liquid Core application. As mentioned above, it is only available for desktop as of now.
- Run the Liquid Core platform.
- Purchase L-BTC. There are two sources; The Rock Trading and the liquid network’s discussion panel.
Early Issued Asset Support
Additionally, Liquid Core will offer support for Issued Assets. Users and enterprises will be able to send, receive and manage Issued Assets on the Liquid Network’s user interface.
Lastly, users can acquire new assets using the console embedded within the Liquid Core platform. This, however, is only possible if the user has L-BTC to cover the issuance fee.