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Update docs/liquid/liquid-part1.md

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b0xxer 2024-01-21 09:09:21 -06:00
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@ -63,13 +63,13 @@ These new opcodes have several use cases, including double-spent protection bond
Liquid uses a variation of BTC Core program known as Elements, much of the setup and use are very similar to bitcoin. Please note that Elements **requires a fully functioning bitcoind daemon is available** (it is a sidechain, after all). Thus for this demonstration, I am using my Umbrel since it makes installing Bitcoin and Elements quite simple.
*If you are intending to run Liquid on a bare-metal setup, please refer to this [getting started guide](https://elementsproject.org/elements-code-tutorial/working-environment) to setup your environment*
*If you are intending to run Liquid on a bare-metal setup, please refer to this [getting started guide](https://elementsproject.org/elements-code-tutorial/working-environment) to setup your environment. Setting up a core-bitcoin install is outside the scope of this DeepDive*
### Running Elements on Umbrel
* Meet requirements (1TB disk for BTC / 25GB disk for Liquid / >8GB RAM[^1])
* Install Bitcoin 'App'
... Go take a several day break while it downloads ...
... Go take a week+ break while it downloads ...
* Install Elements 'App'
... Go take a several hour break while it downloads ...
@ -92,6 +92,22 @@ Liquid uses a variation of BTC Core program known as Elements, much of the setup
* Check balance info
- `$ /elements/bin/elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getwalletinfo`
Now let's peg-in some bitcoin in order to receive L-BTC within our Liquid wallet. (*NOTE: There are online services that automate this entire process and make it much simpler. In general services like [Sideswap](https://sideswap.io/peg-in-out/) makke this process much easier*)
* Generate a new peg-in address
- `$ /elements/bin/elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getpeginaddress`
{
"mainchain_address": "bc1qXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX",
"claim_script": "001489b0XXXXXXXXXXXXXXXXXXXXXXXXX"
}
* Save the `claim_script` above in a variable for use later
- `$ export E_CLAIMSCR="001489b0XXXXXXXXXXXXXXXXXXXXXXXXX"`
* Send some btc to the `mainchain_address` listed above (I'm sending 150000 sats)
* Copy the BTC transaction ID and save to variable
- `$ export B_TRANSID="bb1d0903XXXXXXXXXXXXXXXXXXXXXXXXXXX"`
* Wait for the BTC transaction to confirm (documents say must confirm for 102 confs)
Footnotes: