Blockstream Completes First Untrusted Point-to-Point Bitcoin Forward Contract Transaction

According to Bitcoinist, Lightning Web development team Blockstream announced that it has successfully "untrusted" peer-to-peer (P2P) bitcoin forward contracts with Crypto Garage. The two parties began trading on April 9 and each participant announced a collateral of 0.16 BTC. The terms of the contract were settled within one hour after midnight on April 16, and the parties signed the contract at a price of $5032. For Blockstream, the success of this transaction demonstrates the possibility of creating a platform for “untrusted” BTC derivatives trading.