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> proprietary development

No, it is not only open source but a healthy mailing list with a lot of interested parties.

> lead by Blockstream

No, Poon and Dryja are not employed by the company Blockstream. The latter seems to be more focused on their sidechain solutions.

> the work is even patent-encumbered

No, there is nothing to suggest this. Patents have to be public at some point.




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