Getting started with the Liquid Network
▻https://hackernoon.com/getting-started-with-the-liquid-network-c87e2cb5996b?source=rss----3a814
Get started running a Liquid node, transferring to the sidechain, claiming L-BTC, and issuing assets!Intro:The Liquid Network is a #bitcoin sidechain that facilitates quick and private transactions. A sidechain is a separate blockchain with different features than its base chain but is pegged to it in order to utilize the main chain’s native currency. The 2-way peg in Liquid is 1:1 to Bitcoin, so for every bitcoin you peg into the network, you unlock or create 1 Liquid Bitcoin (L-BTC for short). Liquid provides fast settlement with short 1-minute blocks and privacy through technology called Confidential Transactions. Peg-ins basically just require you to send BTC to a multisignature address that is controlled by members of what’s called a Strong Federation. Peg-outs (transferring back on (...)
#cryptocurrency #liquid-network #lightning-network #sidechains