I came across something you said. You said, " lightning purchase is fine for small amounts, otherwise on-chain payment is more than fine."
This AI said (see below), "It is suitable for small-sized payments ".
I'll have to read this again. Thanks
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AI -> Bitcoin Liquid Network VS lightning
The Liquid Network and the Lightning Network are both layer-2 scaling solutions for the Bitcoin network, but they serve different purposes and have different features. Here are the key differences between the two:
Liquid Network:
The Liquid Network is a sidechain of the Bitcoin blockchain, meaning it operates alongside the main Bitcoin network.
It is primarily designed for use by exchanges and businesses that require fast and confidential transactions.
Liquid allows for the issuance of assets (such as security tokens) and the trading of multiple assets outside of Bitcoin , like USD and stablecoins.
It provides fast settlement times and transaction confidentiality.
Liquid is optimized for transactions involving large amounts of Bitcoin , making it suitable for wholesale trading and inter-exchange transfers.
It is not suitable for micro or everyday payments, as it is designed for larger transactions.
Lightning Network:
The Lightning Network is a payment channel system built on top of the Bitcoin blockchain.
It is designed to facilitate fast, low-cost, and scalable transactions for everyday payments, particularly microtransactions.
Lightning enables users to open payment channels with each other, allowing for off-chain transactions that can be settled later on the Bitcoin blockchain.
It is suitable for small-sized payments and provides a way to make instant payments without relying on the blockchain's confirmation times.
Lightning is optimized for use in retail settings, allowing merchants to receive micro to small-sized payments from customers cheaply and quickly.
It does not provide the same level of transaction confidentiality as Liquid.
In summary , the Liquid Network is focused on larger transactions, asset issuance, and inter-exchange transfers, while the Lightning Network is designed for small everyday payments and micropayments. Both networks aim to provide scalability and improve the usability of the Bitcoin network, but they serve different use cases.