How do you feel about Confidential Layer being used for transactions? #AskNostr
Discussion
Let freedom ring
I will admit the project has placed Zano on par with Monero as my favorite cryptocurrency.
I do like XMR. I think Bitcoin will be the store of value. Whether it becomes a unit of account or medium of exchange we will see. I also don’t think every region will use the same tokens to transact. Exciting times we live in!
not well researched. for BTC, does it do the same trick as tBTC to secure wrapped tokens?
It appears to be similar so far according to my research, but CL focuses more on using privacy features to create tokens, while tBTC relies on signers holding real BTC as collateral for creating tokens.
yeah, tBTC is technically using a federated peg. the threshold marketing materials bury this unfortunate reality underneath a lot of flashy language, and it seems the CL marketing materials are doing the same thing. if CL gives you more privacy that's nice and all, but you're still playing with something that's not any more secure than junk like liquid.