What is Liquid BTC and how does it work?

3 answers

• May 06, 2022 · 3 years ago
  Liquid BTC is a type of cryptocurrency that operates on the Liquid Network, a sidechain of the Bitcoin blockchain. It is designed to enable faster and more confidential transactions compared to the main Bitcoin network. Liquid BTC works by using a federated consensus model, where a group of trusted entities called functionaries validate and sign transactions. This allows for faster block times and confidential transactions through the use of confidential assets. Overall, Liquid BTC offers a more efficient and private way to transact with Bitcoin.
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• May 06, 2022 · 3 years ago
  Liquid BTC is like a sibling to Bitcoin, but with some unique features. It operates on its own sidechain called the Liquid Network, which is connected to the Bitcoin blockchain. This allows for faster transactions and the ability to create and trade different types of digital assets. Liquid BTC works by using a federated consensus mechanism, where a group of trusted entities validate transactions. This ensures the security and integrity of the network. In summary, Liquid BTC provides a more flexible and efficient way to use Bitcoin and other digital assets.
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• May 06, 2022 · 3 years ago
  Liquid BTC, also known as LBTC, is a cryptocurrency that runs on the Liquid Network. The Liquid Network is a sidechain built on top of the Bitcoin blockchain. It offers faster transaction confirmations and the ability to issue and trade other digital assets. Liquid BTC works by leveraging a federated consensus model, where a group of trusted functionaries validate transactions. This allows for faster settlement times and improved privacy features. Overall, Liquid BTC provides a more versatile and efficient way to transact with Bitcoin and other digital assets.
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