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110 sats \ 2 replies \ @031ef7d322 20 Dec 2023 \ parent \ on: John Carvalho and Liquid bitcoin
Certainly seems like a new coin, otherwise you could use BTC directly instead of needing to peg in. How is it different from any other wrapped BTC token?
A significant difference is the Liquid network doesn't use yet another token to enrich investors. Instead it uses L-BTC natively and which cannot be printed out of thin air.
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Liquid network doesn’t use yet another token to enrich investors. Instead it uses L-BTC … <links to docs about transaction fees paid in L-BTC>
There’s no mining, only a trusted federation (aka Proof of Authority) that accepts transaction fees in the new token.
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