What is the difference between Lightning and Liquid? Why would I want to use one over the other?
#asknostr #lightning #liquid #sidechains #bitcoin
Discussion
I don't know what liquid is in this context. I like lightning. many others do too.... if that matters.
#smijopinion
Lightning is Bitcoin. Liquid is a separate blockchain that is controlled by a "federation". It is designed to be linked to Bitcoin to enable additional functionalities
#Lightning is not #Bitcoin. It's a layer 2 that works with Bitcoin. But it's not Bitcoin..🤔
Wrong. It's Bitcoin in a smart contract.
Maybe, but that doesn't make it Bitcoin.
Bitcoin is the white paper. It's proof of work. It's a 21 million limit. It's the solution to the Byzantine general's problem (double spend problem).
Without any of the above it's not Bitcoin. You can have Bitcoin without lightning. But you can't have lightning without Bitcoin.
"We are not the same"..🤔
It is actually Bitcoin. It is Bitcoin locked in two of two multi-sig that you pass back and forth. Each channel partner is in full control of their Bitcoin and can revoke channels and get their Bitcoin back at any time.
#lightning network is not much better. the vast majority of ppl will require lsp (3rd parties) to use.
