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Update docs/liquid/liquid-part3.md

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b0xxer 2024-02-05 06:25:24 -06:00
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@ -201,7 +201,13 @@ The basic process for creating your own sidechain would be:
* 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
In theory, you should now have your own federation on your very own sidechain.
## Final Questions and Thoughts
* Liquid has value in being a testing ground for changes to be real-world tested before they make it into BTC. For example many of the advanced OPCODEs that are argued for inclusion into BTC *already exist* in Liquid[^11].
* Given the above, proponents of Covenants should build some of their use-cases on Liquid. The big debate happening around Covenant OPCODE inclusion is one side is saying: *Show us use-cases of this solving the problems you claim it can* and the other responding *we need the OPCODEs to build these things*. An obvious solution is for Covenant proponents to go build their use-cases on Liquid. Obviously Blockstream has voted *for* these OPCODEs, so you find a friendly ecosystem to your ideas.
* Could Fedimints / eCash mints find ways to utilize custom sidechains based on Elements as a way to provide protection against frac-reserve / debasement?
[^1]: BlockStream Green, AQUA, Anser (web wallet), Specter, Marina (web wallet)
@ -214,3 +220,4 @@ In theory, you should now
[^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)
[^11]: Liquid has enabled OP_CAT and XXXX which can provide same functionality requested by vault / covenenant proponents