Blockstream has announced $55 million in Series A funding to further enhance our sidechain technology, expand our operations globally, and support new industry partnerships, bringing our total investments in the company to $76 million.

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.

How Sidechains Work