“The Liquid Federation has a distributed governance model of more than 60 members around the world, who comprise three boards responsible for varying tasks”
As with everything, there are trade offs. But that is what it was built and being optimized for, so you have that flexibility if ever needed🤷🏻♂️
It’s basically the same as trusting an exchange with your keys. Who ever are the members of the federation? It requires trust, I should be able to verify. There should be some terms of conditions if my coins get stolen and 100% insurance. Or something like that.
Liquid offers “confidential transactions” so I can still be tracked back to you which is subtly different to end-2-end encrypted transactions like on Monero or Z-cash.
I maybe be mistaken.
Here is a good article explaining the subtle differences.
https://bitcoinmagazine.com/technical/liquid-for-bitcoiners-confidential-transaction
