diff --git a/docs/liquid/liquid-part3.md b/docs/liquid/liquid-part3.md index d90773a..454435e 100644 --- a/docs/liquid/liquid-part3.md +++ b/docs/liquid/liquid-part3.md @@ -192,10 +192,17 @@ The basic process for creating your own sidechain would be: * Install elements * Wipe out sidechain data files -* Decide on node discovery ports and search methods (modify ) -* -* Set your own n-of-m block signing method and set this config files [^8] -* Set your own n-of-m Peg-in script and set this in config file [^9] +* Decide on node discovery ports and search methods (modify node seed list and ports in config) +* Set your sidechain name in config file (replace `-chain=liquidv1` option with custom name)[^8] +* Set your own n-of-m block signing method and set this config files [^9] +* Set your own n-of-m Peg-in script and set this in config file [^10] +* Set `initialfreecoins` to 0 in config file +* Set `defaultpeggedassetname` if you want it to be something other than bitcoin +* Set `initialreissuancetokens` to non-zero so you can issue default assets as peg-ins happen +* Provide config options to connect to BTC node to watch for pegins + +In theory, you should now + [^1]: BlockStream Green, AQUA, Anser (web wallet), Specter, Marina (web wallet) [^2]: Atomic Swaps allow parties to exchange different tokens directly without the need for a 3rd party, eliminating most of the risk of fraud and counterparty default.In fact, Blockstream has a tool to simplify using it. @@ -204,5 +211,6 @@ The basic process for creating your own sidechain would be: [^5]: They are using services like Boltz, which allows you to open Lightning Channels with L-BTC. NOTE: [BTCSessions did a great video/review](https://www.youtube.com/watch?v=5kNMJd-Ts2c) of how to use Liquid as a way to very cheaply onboard from fiat as cheap as possible. Summary is Fiat -> CEX -> BTC -> Liquid -> Boltz -> LN. Obviously if your CEX has a LN withdrawal option you don't need all these steps!) [^6]: Right now fee rate is quite low at 30vb/sat, this figure could easily double or triple! [^7]: Its worth noting that the Liquid Federation members - as a group - tends to be a collection the most pro-bitcoin focused comanies in the ecosystem. -[^8]: [https://elementsproject.org/elements-code-tutorial/block-creation](https://elementsproject.org/elements-code-tutorial/block-creation) -[^9]: [https://elementsproject.org/elements-code-tutorial/sidechain](https://elementsproject.org/elements-code-tutorial/sidechain) +[^8]: [https://github.com/ElementsProject/elements/blob/master/README.md](https://github.com/ElementsProject/elements/blob/master/README.md) +[^9]: [https://elementsproject.org/elements-code-tutorial/block-creation](https://elementsproject.org/elements-code-tutorial/block-creation) +[^10]: [https://elementsproject.org/elements-code-tutorial/sidechain](https://elementsproject.org/elements-code-tutorial/sidechain)