Imagine a technology that makes it possible to trust anyone. Now imagine your bank, your mortgage and all your assets are all built with that technology. This is certainly not our present, but it could be our future.

Blockstream is a group of people who share a vision of how to transform global systems of value exchange that, by design, put you first.

Blockstream’s core area of innovation is sidechains, a technology focused on improving on the blockchain, the most powerful public utility for distributed trust systems.

Sidechains are blockchains that are interoperable with each other and with Bitcoin, avoiding liquidity shortages, market fluctuations, fragmentation, security breaches and outright fraud associated with alternative crypto-currencies.

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How Sidechains Work

Blockstream was founded to develop new ways to accelerate innovation in crypto currencies, open assets and smart contracts. We’ve come together because we believe in the potential of bitcoin and blockchain technology to have a significant, positive social impact.

1. We believe in trustless and permissionless innovation.

In the grand tradition of TCP/IP and HTTP that gave rise to the modern Open Internet, and now underpin Bitcoin and blockchain technology, we aim to foster an ecosystem where new innovation can thrive. We seek to ensure developers, asset issuers and users have neutral and cryptographically-assured computing technology for all their financial needs.

2. We believe in fairness, openness and accountability in financial and asset systems.

We want to power interoperable markets that are fair and accountable. Openness, accountability and public ledgers should be the norm and should not require users to sacrifice privacy. We seek to empower users with trustable and secure financial mechanisms via public auditability of their transaction history without disclosing more than is necessary for the integrity of the blockchain.

3. We are in this together.

We believe there is an important need for a technology that can accelerate the evolution of crypto currency, open assets and smart contracts. We are a private company with a very public mission: the transformation of technologies of trust for the benefit of all.

Why we co-founded Blockstream

Blockstream

Update: Adam Back, Greg Maxwell, Pieter Wuille and the other authors of the sidechain paper will be conducting an AMA on Reddit, October 23, 2014 at 9:00 am PDT. Please join! We are long-time Bitcoin protocol developers who are convinced that finding an architecturally sound and permissionless way to extend Bitcoin is essential for cryptocurrency to reach its full potential. Bitcoin has inspired people since its inception five years ago as a new kind of money in digital form that exists independent of any government or institution. Bitcoin enables financial transactions without needing to trust any third party. Bitcoin’s qualities and potential have encouraged widespread adoption and confidence. However, this necessarily implies a very conservative pace of development for security reasons, and this conservative pace of development means a conservative pace of innovation for Bitcoin as a whole because all users and uses must currently share a single system. There are Read More…

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