17 sats \ 1 reply \ @based 20 Dec 2023 \ parent \ on: John Carvalho and Liquid bitcoin
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.
https://help.blockstream.com/hc/en-us/articles/900001408623-How-does-Liquid-Bitcoin-L-BTC-work-
https://help.blockstream.com/hc/en-us/articles/900001386846-How-do-transaction-fees-on-Liquid-work-
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0 sats \ 0 replies \ @031ef7d322 21 Dec 2023
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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