diff --git a/docs/liquid/liquid-part1.md b/docs/liquid/liquid-part1.md index 5e40b11..0c59068 100644 --- a/docs/liquid/liquid-part1.md +++ b/docs/liquid/liquid-part1.md @@ -9,9 +9,9 @@ This is a multipart DeepDive that will focus on the [Liquid Sidechain](https://l Liquid is a federated BTC sidechain. The federation which controls the network are known as 'Functionaries'. Currently, there are 15 such Functionaries[^1] who are geographically dispered to help isolate the network from both physical and regulatory disruption. -unctionaries are who do the block signing for the network, which happens in a round-robin style arrangement - consensus requires 11-of-15 to be available and in agreement. +Functionaries do the block signing for the network, which happens in a round-robin style arrangement - and consensus requires 11-of-15 to be available and in agreement. -A unique aspect of this federation is that functioinary membership is dynamic - using a protocol known as *DynaFed* - this allows members to be rotated out/in depending on circumstance. In order to support a large number of signers, the functionaries use a signature style known as [ROAST](https://eprint.iacr.org/2022/550.pdf) (Robust Asynchronous Schnorr Threshold Signatures). As stated: +A unique aspect of this federation is that functioinary membership is dynamic - using a protocol known as *DynaFed* - this allows members to be rotated out/in depending on circumstance. In order to support a large number of signers, the functionaries use a signature scheme known as [ROAST](https://eprint.iacr.org/2022/550.pdf) (Robust Asynchronous Schnorr Threshold Signatures). As stated: "It guarantees that a quorum of honest signers, e.g., the Liquid functionaries, can always obtain a valid signature even in the presence of disruptive signers