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Liminal X Bitcoin

| November 17, 2023

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Wallet characteristics, access for staking institutions, and more!

Bitcoin is the largest cryptocurrency network in the world. Synonymous with crypto itself, Bitcoin has one of the largest volumes of crypto transactions happening globally.

In 14 months, Liminal’s users have processed over 70 million dollars using the Bitcoin network.

Liminal currently supports 12 chains and 1800+ tokens. You can view the complete list along with the roadmap here.

Unlock the potential of digital assets for your institution

Wallet Characteristics of Bitcoin

Blockchain-specific wallet characteristics in Bitcoin

For UTXO-based chains, a multi-signature wallet is available on the protocol layer. There is smart contract support on protocol, so complex contracts cannot be deployed like EVM. People holding BTC generally like to hold their crypto for longer, so they look for multisignature wallet operations.

Liminal infrastructure in Bitcoin

Liminal supports electrum-based wallets for transaction processes. Liminal supports PSBT format for transactions. For security reasons and purposes, Trezor/Ledger is supported. Liminal is getting CCSS audited and certified and will be the first custody to do so.

Secure and manage your digital assets with Liminal

How can you access Bitcoin on the Liminal Network?

  • Institutions will have access to Liminal’s secure storage and trading ecosystem with immediate effect.
  • Liminal will add BTC to the 1800+ tokens of digital assets supported across Liminal’s infrastructure.

See how easy it is on transact Bitcoin on Liminal Network

How can staking institutions access Bitcoin on Liminal?

  • Liminal dashboard via WalletConnect
  • Liminal DeFi API

Watch the video to learn how to create Bitcoin Cold Wallet on Liminal.

“Integrating Bitcoin will help Liminal process transactions faster and also reduce fees for processing transactions.”

About Bitcoin

Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.

Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.

It has since become the most well-known cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies. These competitors either attempt to replace it as a payment system or are used as utility or security tokens in other blockchains and emerging financial technologies.

Resources: You can use their resources below —
– Developers
– Whitepaper
– Community

About Liminal

Liminal is an enterprise-grade platform that offers a robust infrastructure for securing digital assets. Liminal enables crypto-native companies to securely scale their digital asset operations through automated, plug-and-play wallet infrastructure.

Our security-first approach allows projects to define customized policies and assign roles to users based on their responsibilities. Liminal’s zero key leakage tolerance approach helps companies eliminate the risks associated with digital asset transfers, such as cyber-attacks, internal collusion, and human error.

Liminal’s operations excellence framework provides efficient fee management, transaction confirmation guarantees, seamless onboarding, and other wallet operations. Our unified interface ensures the same wallet management experience for multiple blockchains. Our proprietary regulatory readiness program, which includes AML checks, travel rules, and CCSS-compliant platforms, helps projects fast-track their compliance journey.

Interested in keeping up-to-date with the latest protocol launches, new features, and industry news here at Liminal?

Follow our blog and social media channels.

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