From 0110b7f9cfb084e76f21fcfed687e7b9e43dfc4f Mon Sep 17 00:00:00 2001 From: b0xxer Date: Tue, 23 Jan 2024 08:14:26 -0600 Subject: [PATCH] Update docs/liquid/liquid-part1.md --- docs/liquid/liquid-part1.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/liquid/liquid-part1.md b/docs/liquid/liquid-part1.md index 7021146..95ee72b 100644 --- a/docs/liquid/liquid-part1.md +++ b/docs/liquid/liquid-part1.md @@ -7,7 +7,7 @@ This is a multipart DeepDive that will focus on the [Liquid Sidechain](https://l ## Overview ## -Liquid is a federated BTC sidechain. The federation which controls the network are known as 'Functionaries'. Currently, there are 15 such Functionaries[^1] who are geographically dispered to help isolate the network from both physical and regulatory disruption. +Liquid is a federated BTC sidechain (Layer-2). The federation which controls the network are known as 'Functionaries'. Currently, there are 15 such Functionaries[^1] who are geographically dispered to help isolate the network from both physical and regulatory disruption. Functionaries do the block signing for the network, which happens in a round-robin style arrangement - and consensus requires 11-of-15 to be available and in agreement.