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Update docs/liquid/liquid-part1.md

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b0xxer 2024-01-22 06:12:15 -06:00
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@ -28,7 +28,7 @@ Obviously this along with the inclusion of *DynaFed* (a recent addition to the n
A key aspect of Liquid is *there is no mining*. The core asset, L-BTC, is only created when BTC pegs-into the network, so unlike Bitcoin, mining is not used to create issuance of new coins. The total amount L-BTC can be verified along with the equivalent amount of BTC, which are held in a public multisig address. This ensures that there is no inflation possible of L-BTC, since it will balance 1:1 with the pegged BTC. A key aspect of Liquid is *there is no mining*. The core asset, L-BTC, is only created when BTC pegs-into the network, so unlike Bitcoin, mining is not used to create issuance of new coins. The total amount L-BTC can be verified along with the equivalent amount of BTC, which are held in a public multisig address. This ensures that there is no inflation possible of L-BTC, since it will balance 1:1 with the pegged BTC.
By default, all Liquid transactions use ^^Confidential Transactions^^, so both the type of assets and amounts transacted are hidden, *even to functionaries*. However, Functionaries can still see the from / to addresses involved - they only don't know *what* is being transferred. By default, all Liquid transactions use *Confidential Transactions*, so both the type of assets and amounts transacted are hidden, *even to functionaries*. However, Functionaries can still see the from / to addresses involved - they only don't know *what* is being transferred.
**Liquid Ecosystem and Roles** **Liquid Ecosystem and Roles**