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120 sats \ 2 replies \ @rkfg 21 Dec 2023 \ parent \ on: John Carvalho and Liquid bitcoin
Lightning is 100% Bitcoin, Liquid is 100% not. It's really easy to distinguish if you look who mines and verifies the transactions in both.
Liquid is 100% not
well..... there is no independent supply of L-BTC, there is no "mining" in Liquid. Its not like its a chain with some free floating supply of coins (ETH, etc). L-BTC is only created when BTC is "pegged in". The supply of L-BTC is therefore auditable and can be compared 1-for-1 against the BTC peg-ins
So in order for there to be anything on Liquid chain to transact, there must be L-BTC present. So as a chain it is wholly dependent on BTC peg-ins.
In that specific aspect it is very much like LN
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Bingo
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