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25 sats \ 3 replies \ @slatheredloss 7 Jan 2023 \ on: Blockstream Layer-2 Roundup: Liquid Ecosystem Update bitcoin
Isn't Liquid completely centralized? Why would we care?
Isn't Liquid completely centralized?
No, it is not. See the article from the following post found here on SN:
Due to the complexity of Liquid’s security and governance model, misconceptions have formed over the years, which don’t accurately reflect how its federated model operates under the hood.We’ve put together the following document in an effort to help the community better understand Liquid’s design philosophy and the careful thought that went into those decisions.
Liquid Is Decentralized But Not Fully Permissionless
The Truth About Liquid
#58114
https://blog.liquid.net/the-truth-about-liquid
Why would we care?
See the article from the following post found here on SN:
How Liquid Fits Into The Bitcoin Ecosystem
#73203
https://thebitcoinmanual.com/articles/liquid-fits-into-btc-ecosystem
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This sounds like a federation made by exchanges. This is even worse than Ethereum
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You are looking at the right things. And Liquid was designed with those in mind.
In addition, Liquid's Confidential Transactions blinds transaction amounts and asset types, making distinguishing what on-chain output(s) to censor nearly impossible, unlike other blockchains like Ethereum.
How does Liquid keep my transaction data confidential?
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