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Blockstream: A leading enterprise in the entire Bitcoin industry chain
Blockstream: A Versatile Player in the Bitcoin Industry
In the Bitcoin ecosystem, Blockstream plays an extremely important role. This company not only participates in the development of Bitcoin Core but is also involved in multiple aspects of the entire Bitcoin industry chain.
In August 2021, Blockstream completed a $210 million Series B financing and acquired the Israeli ASIC chip design team Spondoolies. This marked the company's gradual expansion from its software-centric business into the upstream areas of the Bitcoin industry chain.
Blockstream's product matrix is very rich, covering almost all dimensions of Bitcoin development, institutional services, and mining. Its early products mainly served institutional Liquid sidechain solutions, and later expanded into consumer products through acquisitions. The company also continues to maintain and iterate multiple free products in the Bitcoin ecosystem, such as the Bitcoin full node satellite network, multi-signature wallets, and Lightning Network clients.
In early 2020, Blockstream announced the launch of Bitcoin mining services, collaborating with several companies to expand this business. The company also introduced the "Blockstream Energy" service, aimed at improving power generation efficiency and enhancing the economics of global renewable energy projects.
The core of Blockstream's product matrix is the Bitcoin sidechain "Liquid". As a second-layer network for Bitcoin, Liquid allows for the issuance of security tokens and other digital assets, aiming to provide financial products and services through the Bitcoin network, and is used for the settlement of financial assets.
Founded in 2014, Blockstream has an all-star development team that includes several Bitcoin core developers. In the Bitcoin scaling debate, the opposition represented by Blockstream advocates for solving congestion issues through a second layer network rather than directly increasing the block size.
However, Blockstream also faces some controversies. As the company has gathered many of the best developers from the Bitcoin community and provided them with compensation, some community members have questioned the independence of Bitcoin core developers.
As one of the most influential organizations in the Bitcoin community, Blockstream often clashes with the Ethereum community. Company executives have repeatedly criticized Ethereum, arguing that a truly decentralized financial system can only be achieved through Bitcoin, the Lightning Network, and Liquid.
Overall, Blockstream, as a versatile player in the Bitcoin industry, plays an important role in technology development, product innovation, and ecosystem building, while also reflecting various controversies within the Bitcoin community and its competitive relationship with other cryptocurrency communities.