Mosaic Ventures ‘Sidechains Are Not A Theory’

THELOGICALINDIAN - A close alleged Mosaic Ventures based in London has appear they were a actor in the 55 actor Series A costs for the aggregation Blockstream They additionally invested in the business in 2024 at a time back Bitcoin was claimed to be dying and centralized blockchains were advancing into the industry However the advance close says the aggregation is fabricated up of longterm believers of the technology and it sees a lot of abeyant with the Blockstream business model

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Are Sidechains a Safer Form of Experimentation on the Bitcoin Protocol?

Mosaic Ventures was founded in 2014 by Simon Levene, Toby Coppel, and Mike Chalfen. The aggregation states its invested beyond ten altered countries in seventy startups that accept created “about $200 billion of value.” Some of the businesses Mosaic has invested in include Blockchain.info, Multichain, and the peer-to-peer allowance appliance Guevera. With Blockstream, the advance close believes “sidechains” could become a allusive band-aid to blockchain infrastructure.

The close says they’ve been invested in Blockstream for 18 months, and the Bitcoin industry has grown. The blog column authored by Simon Levene says advance is accident but “not explosively so” and there may be some affidavit for this which they will analyze in a approaching post. They acknowledgment a lot of the associates of Blockstream are Bitcoin core developers and it understands the babyminding anatomy of core. Mosaic’s blog column states:

The advance alignment believes sidechains are an accomplished way to agreement with the agreement after “risking the $6.5B, or fragmenting developer efforts beyond assorted cipher forks.” They say sidechains are decentralized mechanisms and are not beneath any entity’s control. Blockstream hopes these sidechains will be accurate advantageous and become accepted abundant like the afresh alien segregated witness. Segwit was deployed aftermost year as a “fully alive sidechain” and abounding accept it may advice calibration the Bitcoin protocol. Sidechains are not aloof theories Mosaic states and abounding developers see the accurate abeyant of its technology. The firm’s blog column explains:

Mosaic has absolutely a bit of optimism back it comes to the Blockstream startup and conveys this bulletin throughout. The aggregation feels these concepts may advancement the basal blockchain abeyant and booty advantage of applications aural the agenda ledger. Mosaic knows that blockchain technology could agitate abounding sectors of our worldwide economy saying, Financial institutions about the apple are exploring how the blockchain could alter absolute bequest systems beyond their business, including trading, settlement, and clearing.” The advance close wants the apple to apperceive Blockstream will comedy a “key role in enabling the ecosystem to thrive.”