Toxic Bitcoiner2d agoWhat appears on Bitcoin:
- A standard Bitcoin transaction
BTC sent to a federation-controlled multisig address
- Often includes a small metadata commitment (via OP_RETURN) referencing the peg-in claim on Liquid.
What it proves:
- BTC has been locked on Bitcoin
A corresponding amount of L-BTC is issued on Liquid.
What is not stored on Bitcoin:
- Liquid transaction details
- Liquid addresses
- Confidential amounts or assets on Liquid
Is this okay with you then or no? The issue could be the opreturn for peg-ins, which is typically ~36–40 bytes.
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nomadshiba⚡2d agoi think liquid does "snapshots" to base layer, which let's you verify a state without knowing the full history.
which might be useful. like i only have to replay the txs after the last snapshot.
but multisig nature of it makes it a company/organization entity rather than its own protocol.
which is a different reason than i listed above. but yeah not really decentralized.
one question would be is it better than an exchange? for example. right?
0000 sats