Blockchain Architects Blockstream Acquires GreenAddress

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blockstream-logo-darkBlockchain architects BlockStream have announced via a Press Release informing us of their acquisition of Popular open source Bitcoin wallet GreenAddress.

A move which block stream says will not lead to them “acquiringScreen-Shot-2016-07-27-at-9.25.51-AM-e1469626038646 companies in the Bitcoin or blockchain technology space” and will continue their work on “sidechain technology roadmap, the addition of an open source, well-tested, production quality wallet was a natural choice. It increases the reach of our platform and allows us to meet the requirements of our enterprise applications.”

The team has already started on an impressive lineup of new features, too, including a new, multi-platform wallet library, privacy and security enhancements, and sidechain support throughout the platform. Extending GreenAddress to work with sidechains will mean you will have the ability to support not only Bitcoin, but other assets and features coming online via this exciting area of innovation.

Members of the GreenAddress team in addition to continuing their work on GreenAddress will join the BlockStream Team. GreenAddress’s founder Lawrence Nahum will assume the role of Senior Architect.

[FinExtra] [CoinDesk]

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