Bitcoin Blockstream Company Sponsors Mempool
- Blockstream announced that it is now a sponsor of the open source Mempool project.
- Mempool will focus on adding new capabilities and enhancements to its liquid grid platform.
- Blockstream established Liquid in 2015 as a federated Bitcoin side chain for the issuance of assets and rapid exchange settlements between Bitcoin companies.
Blockstream, a builder of crypto-financial infrastructure based on Bitcoin, is now a sponsor of the Mempool project, an open source block explorer for the Bitcoin ecosystem, according to a statement released on Monday.
The sponsorship will include the development of new widgets for network audit and transparency, and an overhaul of the liquid asset repository that will include the recently offered El Salvador Bitcoin Bond (EBB1), Blockstream Mining Note and other popular titles. issued on Liquid, ”according to the press release.
Auditing Liquid’s federated network will become easier once Mempool integrates the functionality into its platform. What currently requires a user to run an Elements node and a Bitcoin Core node will become more accessible, as Mempool’s intuitive and simple design does its job. Once the functionality is implemented, anyone with an Internet connection will be able to audit the Liquid sidechain and its governance structure by accessing mempool.space.
New widgets to be added to Mempool will include “a live display of the number of officials online and an audit page for the Liquid Federation portfolio,” the statement said. “The latter will allow users to verify the assets and liabilities of Federation bitcoin holdings in real time.”
Another aspect of Liquid that will receive special attention from Mempool concerns the network’s asset directory. Blockstream said its Bitcoin sidechain currently has around $ 1.4 billion in issued assets. Mempool integration will allow users to view the directory in a more interactive and data rich way.