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MEGATHREAD: Intro to the Liquid Network 🌊
Bitcoin is great but, for traders and exchanges, a bit slow.
Liquid, a Bitcoin sidechain, extends and optimizes Bitcoin for traders by enabling fast, confidential transactions.
Here's how that works and why you should use it. ⤵️
Bitcoin is great but, for traders and exchanges, a bit slow.
Liquid, a Bitcoin sidechain, extends and optimizes Bitcoin for traders by enabling fast, confidential transactions.
Here's how that works and why you should use it. ⤵️
Like Bitcoin, Liquid records every transaction on a public blockchain. Liquid's blockchain is built with Elements, a sidechain project based on the Bitcoin Core codebase.
Use the Liquid block explorer to browse the sidechain's transaction history.
🔗 blockstream.info/liquid/blockch…
Use the Liquid block explorer to browse the sidechain's transaction history.
🔗 blockstream.info/liquid/blockch…
Unlike Bitcoin, Liquid blinds every transaction's amount and asset type. 🕵️ No one can tell a 5,000 L-BTC tx from a 2 USDT tx.
This information is hidden by some clever cryptography in Confidential Transactions (CTs), a key Liquid feature.
Learn more: docs.blockstream.com/liquid/technic…
This information is hidden by some clever cryptography in Confidential Transactions (CTs), a key Liquid feature.
Learn more: docs.blockstream.com/liquid/technic…
