21 BTCPegged sidechains paper; Blockstream
In plain words
22 Oct 2014: Adam Back and eight co-authors publish “Enabling Blockchain Innovations with Pegged Sidechains”.
What happened
Adam Back and eight co-authors publish “Enabling Blockchain Innovations with Pegged Sidechains”. On 17 November 2014 Blockstream, co-founded by Back and 10 others, announces a $21M seed round.
People: Adam Back.
See also
- Liquid sidechain goes live27 Sept 2018: Blockstream's federated sidechain Liquid produces its first block at 01:29 UTC with 23 member companies; the launch is announced on 10 October.
- Adam BackAdam Back: Inventor of Hashcash, cited in the Bitcoin whitepaper; co-founder and CEO of Blockstream. Cypherpunk and cryptographer. In 1997 he proposed Hashcash, the proof-of-work that Bitcoin mining uses. In 2008 Satoshi emailed him before publishing the whitepaper, and he pointed Satoshi to Wei Dai's b-money. In 2024 he testified in COPA v Wright.
- Lightning NetworkLightning is a payment network built on top of Bitcoin. Two parties lock bitcoin in a shared channel and then pay each other instantly and cheaply off-chain; payments can hop across channels to reach anyone.
- Adam BackAdam Back: Inventor of Hashcash, cited in the Bitcoin whitepaper; co-founder and CEO of Blockstream. Cypherpunk and cryptographer. In 1997 he proposed Hashcash, the proof-of-work that Bitcoin mining uses. In 2008 Satoshi emailed him before publishing the whitepaper, and he pointed Satoshi to Wei Dai's b-money. In 2024 he testified in COPA v Wright.
References
- blockstream.com blockstream.com
- blog.blockstream.com blog.blockstream.com