Nostr Web Client

Is there any meaningful difference in functionality between Liquid and Lightning? Or is Liquid basically GoBots to Lightning's Transformers?

Hanshan 1y ago

in contrast to LN its an actual blockchain with 1min blocks

you swap your BTC in for L-BTC and the the advantages of that shitcoin

and can (theoretically) swap out whenever you like

but really it requires the Liquid Federations approval to get your BTC back

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Discussion

SLCW 1y ago

Did they have a specific use case in mind when they developed it? With Lightning, it's clear the intent was to facilitate fast, small-value Bitcoin transactions to make using Bitcoin as a functional currency easier and quicker. I'm just curious if there was some vision behind the design.

Hanshan 1y ago

well theres faster settlement and lower fees.

they have Confidential Transactions implemented so there's a certain privacy.

but nobody really cared

mostly i think it's now a laboratory for blockchain development

SLCW 1y ago

Very interesting. Thanks for info!