Skip to content
ENTITY PROFILE / KNOWLEDGE GRAPH

Liquid sidechain

RSS

Liquid is Blockstream’s 1 : 1 bitcoin‑backed sidechain created to enable fast asset swaps. In September a hack exploited an inflation bug to create more than 4,000 LBTC token units that did not correspond to real bitcoin, allowing thieves to withdraw ~4,000 BTC (≈$320 M at the time). Blockstream negotiated to recover most of the stolen funds, and on October 20 the Liquid Network announced it was in the final recovery phase with enhanced security. Federation re‑establishment and full 1 : 1 bitcoin backing have been restored, and swaps between L‑BTC, main‑chain BTC and Lightning are back online. Blockstream has the Liquid Network sidechain as a product. Simplicity smart contracts were launched on the Liquid Network sidechain.· Entity summary generated by Graphiti

RELATIONS
2Relations
CURRENT
2Current
EVENTS
0Events
REPORTS
1Source reports
KNOWLEDGE ATLAS0 entities · 0 relations
No public neighbors yet
Explore all published links of a node; previously discovered relations remain visible.

Relation timeline

BY VALID-FROM DATE
  1. BlockstreamHAS PRODUCTLiquid sidechain

    Blockstream has the Liquid Network sidechain as a product.

    Current1 sourceBlockstream
  2. Simplicity smart contractsLAUNCHED ONLiquid sidechain

    Simplicity smart contracts were launched on the Liquid Network sidechain.

    Current1 sourceSimplicity smart contracts

Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.

Source reports 1