Blockstream

DLT Technology
Blockstream header

Blockstream

DLT Technology

Leading Blockchain Infrastructure Provider (Bitcoin Core, Lightning Network, Sidechains)

Canada, Victoria
$101M
Total amount raised
2014
Year of establishment
Active
Status

About

Hi we’re Blockstream!


Blockstream is a leading blockchain development company founded in 2014. Blockstream's core focus is on developing a new infrastructure for the legacy financial system, with key developments evolving around Bitcoin sidechains, and other blockchain-related applications. Their flagship technologies include their own implementation of the Lighting protocol and the Elements Project, an open-source sidechain capable blockchain platform. Blockstream have launched a number of products such as Liquid, an inter-exchange settlement network based on Bitcoin, Blockstream Green, a secure bitcoin wallet, as well as other products that provide real-time and historical cryptocurrency trade data, and colocation services for bitcoin mining operations.

Blockstream are well known for their Blockstream Satellite product, an API (in beta) which broadcasts the Bitcoin blockchain to the entire planet via satellite, reducing Bitcoin’s dependency on internet access. According to Blockstream, "it works via Blockstream Satellite ground stations, known as "teleports," which participate in the Bitcoin network and transmit blocks to geosynchronous satellites. Geosynchronous satellites, orbiting at an altitude of 35,786 km (22,236 mi), receive the signal from the Blockstream Satellite teleports and broadcast it across a wide portion of the Earth. Anyone in the coverage area with a small satellite antenna and an inexpensive USB receiver can receive these blocks and ensure that their node is always in sync. Additionally, each Blockstream Satellite teleport also receive blocks from our other teleports around the world to ensure the teleports themselves do not become partitioned."

Blockstream is also a core contributor and funder of Bitcoin Core and employs a number of Bitcoin Core developers. Blockstream have received funds from notable investors that include Blockchain Capital, Digital Currency Group, Horizons Ventures, AXA Strategic Ventures, Mosaic Ventures and others. They have also published a number of whitepapers around the topics of Confidential Assets, Strong Federations (interoperable blockchains), sidechains and removing the reliance on third party trust in modern financial systems.

Key objective

Blockstream’s mission is to create the financial infrastructure of the future.

Slogan / Motto

Rethinking Trust

Use cases

Scaling Solutions
Infrastructure
Enterprise Service

Team

Customers / Partners

Products

Funding

Received funding
$101,000,000
Total amount raised
4
Rounds
26
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$25,000,000
Series B
Digital Garage
N/A
Loan
Pegasus Tech Ventures
$55,000,000
Series A
AME Cloud Ventures
AXA Venture Partners
Blockchain Capital
Digital Currency Group
Digital Garage
Future Perfect Ventures
Horizons Ventures
Khosla Ventures
Mosaic Ventures
Seven Seas Partners
$21,000,000
Seed
AME Cloud Ventures
Blockchain Capital
Danny Hillis
Future Perfect Ventures
Gil Penchina
Innovation Endeavors
Khosla Ventures
Max Levchin
Mosaic Ventures
Nicolas Berggruen
Ray Ozzie
Real Ventures
Reid Hoffman
Ribbit Capital

News

Adam Back unveils Blockstream’s new Bitcoin mining security token

Blockstream has announced the launch of a new security token backed by the company's mining facilities.


2 months ago


Product update/release
Blockstream
Bitcoin

Bitcoin moves $500K around the globe every second, says Samson Mow

Samson Mow, chief strategy officer at Blockstream, says Bitcoin was never about "transactions per second and coffee," but about value and a "new financial paradigm."


6 months ago


General news
Bitcoin
Blockstream

Blockstream’s MuSig 2 Will Offer Less Complex, More Private Multi-Signature Transactions

Made possible by Taproot, MuSig2 is designed to make multi-signature Bitcoin transactions less complex without sacrificing privacy.


6 months ago


Product update/release
Blockstream
Bitcoin

Blockstream launches first Bitcoin satellite node in Venezuela

"Users can’t afford to be cut off from the Bitcoin network."


8 months ago


Product update/release
Blockstream
Bitcoin
Bitcoin Network

New on Bitcoin’s Lightning Network: LND Adds Accounting Feature, c-lightning Gets an Upgrade

Lightning Labs made bookkeeping easier for node operators. Blockstream’s c-lightning 0.9.1 release improves channel opening and routing mechanisms.


8 months ago


Product update/release
Bitcoin
Lightning Labs
Blockstream
Lightning