Blockstream, a blockchain tech company founded 5 years ago, launched a new tool that allows users to execute atomic swaps for all assets supported by the Liquid Network, which is a federated sidechain on the bitcoin blockchain. These assets include L-BTC, tokenized fiat, crypto assets, attested assets, and more. Atomic swaps enable the exchange of one cryptocurrency for another without the need for a trusted 3rd party or centralized exchange infrastructure. Along with its privacy features, this technology is likely to attract those who want rapid and secure transfers.
Blockstream has two pending patent applications in the Cryptocurrency sector, both filed in mid-2016. One of them is directed to cryptographically concealing a transaction amount while preserving a network's ability to verify the transaction, while the other is directed to transferring assets between blockchains via pegged sidechains. The company's new tool is an expected development given its IP portfolio.
