diff --git a/docs/liquid/liquid-part3.md b/docs/liquid/liquid-part3.md index 8b6d864..2afa0c3 100644 --- a/docs/liquid/liquid-part3.md +++ b/docs/liquid/liquid-part3.md @@ -24,13 +24,11 @@ Liquid would make a great solution for this case. They could simple direct their ## Atomic Swaps -Atomic Swaps allow two parties to exchange different tokens without the need for a 3rd party, eliminating most of the risk of fraud and counterparty default. - -In this case, our Customer has earned 1 SND token (which for our purposes is our pretend airline mile token) via previous purchases and he wants to exchange that for L-BTC. How do we do that? +In this case, let's suppose our Customer has earned 1 SND token (which for our purposes is our pretend airline mile token) and now he wants to exchange that for L-BTC. How do we do that? We could build some type of webservice that had SQL databases and nodejs files that accept Asset A and then issued Asset B once received...however as we said our StackerNews crew is smart and therefore prefers to do *less hardwork*. Moreover all of the above lends itself to risk of fraud and counterparty default. -Luckily, due to the additional OPCODEs in Liquid, atomic swaps between assets are possible. In fact, Blockstream has a tool to simplify using it. +Luckily, due to the additional OPCODEs in Liquid, Atomic Swaps are supported[^2]. In fact, Blockstream has a tool to simplify using it. Obviously to do a swap, we will need another wallet, as you can't swap between the same wallet (you can use the *same node* but use *different wallets*. You can refer to individual wallets in the swap-tool URL connect string by using the `http://user:password@localhost:7041/wallet/walletname` path). In my case, I have 2 nodes each running their own `elementsd` server (Umbrel and my desktop). So I will use those, but point is this can be done one a single node by setting up mutliple wallets and using distinct URL connect strings. @@ -139,3 +137,5 @@ Yes, probably one of the best ways to do that is to use it as a *staging area* f +[^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. \ No newline at end of file