Update docs/liquid/liquid-part3.md

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b0xxer 2024-02-06 05:49:20 -06:00
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@ -126,10 +126,9 @@ A full demo of the security features would require their own DeepDive (hint hint
There are two separate topics to go over with Liquid and Lightning. First is *L-BTC Lightning* (that is LN as a 2nd layer to Liquid). Secondly, the more familiar, how to interact with BTC Lightning from Liquid. There are two separate topics to go over with Liquid and Lightning. First is *L-BTC Lightning* (that is LN as a 2nd layer to Liquid). Secondly, the more familiar, how to interact with BTC Lightning from Liquid.
The first topic is [covered well by this blog post](https://medium.com/blockstream/getting-started-with-lightning-on-the-liquid-network-8b5682752ffe), effectively you use c-lightning and configure it to use `liquid` as its chain. Then you can open channels from your Elements node and send LN invoices that hold L-BTC (and presumably other assets). While this is interesting, there is no pressing use for it at the moment since we can *already send real BTC* over LN. The first topic is [covered well by this blog post](https://medium.com/blockstream/getting-started-with-lightning-on-the-liquid-network-8b5682752ffe), effectively you use c-lightning and configure it to use `liquid` as its chain. Then you can open channels from your Elements node and send LN invoices that hold L-BTC (and presumably other assets). While this is interesting, there is no pressing use for it at the moment since we can *already send real BTC* over LN. However, it does highlight the essential "bitcoin nature" of Liquid -- L2's that work with Bitcoin also work with Liquid.
## Using Liquid with BTC / LN ## Using Liquid with BTC / LN
What if you have no desire to create tokens, securities, etc...can you still make use of Liquid? What if you have no desire to create tokens, securities, etc...can you still make use of Liquid?
**Yes, probably one of the best ways to do that is to use it as a *staging area* for opening Lightning channels**. (In fact, both Blockstream Green and the newly announced AQUA both do that under-the-hood[^5]). **Yes, probably one of the best ways to do that is to use it as a *staging area* for opening Lightning channels**. (In fact, both Blockstream Green and the newly announced AQUA both do that under-the-hood[^5]).
@ -168,8 +167,13 @@ There are a few different solutions for peg-out, but sadly all require a 3rd par
* sideswap.io (defi) * sideswap.io (defi)
* Use a wallet that integrates to one of the above (AQUA) * Use a wallet that integrates to one of the above (AQUA)
For my case, I will use sideswap.io since its non-kyc and doesn't require any account. For my case, I will use sideswap.io as a demo.
```
$ sudo ~/scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS -named sendtoaddress address="VJLGBLED..." amount=0.0011 fee_rate=0.1 assetlabel="bitcoin"
1bf3623924328b22e7b2ae1d7a9fd8bc2879d4cacabd9ba7e2fe0299fe26301e
```
# Final Discussion and Ideas # Final Discussion and Ideas