Crypto News

In siddaiah blocked more than 9600 bitcoin

More than 9,600 of bitcoins currently available for use in the network — not because they lost but because they are locked in siddaiah.

According to data Cointelegraph, as of October 17 in three main siddaiah is 9661 BTC ($77 million) or 0,054% of all bitcoins in circulation. Saidchina is a separate blackany associated with the master bloccano cryptocurrencies. Users can send assets from the main blockchain (effectively blocking them) to a sidechained and back. Saidonly have existed for several years and perform different functions depending on the goals of the developers.

The most famous shadchanim in the bitcoin community is Liquid from the Blockstream company that is focused on cryptocurrency exchanges. It provides traders with advanced features that are not yet available in the main blockchain of bitcoin (faster transaction speed and increased level of anonymity). Liquid was launched in October last year, but, according to Cointelegraph, now it is only 89 BTC ($709 700).

This relatively modest figure compared to bloccano cryptocurrency exchanges Binance, and June of this year launched tied to bitcoin token on Binance Chain. Token called BTCB 100% backed by bitcoins from the backup address, which now is 9001 BTC ($72 million).

Wrapped Bitcoin (WBTC), which was launched in January this year and is actually the Ethereum token standard ERC-20, contains 571 BTC ($4.5 million).
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