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Update docs/liquid/liquid-part3.md

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b0xxer 2024-02-05 05:25:37 -06:00
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@ -156,8 +156,13 @@ Looking at this with regard to current fees illustrates the problem pretty clear
You can see that it is *much cheaper* to use L-BTC. In fact its so cheap that its fine to open 25,000 sat channels...thus keeping our hot-wallet exposure risk quite low. (The above was calculated using boltz.exchange ) You can see that it is *much cheaper* to use L-BTC. In fact its so cheap that its fine to open 25,000 sat channels...thus keeping our hot-wallet exposure risk quite low. (The above was calculated using boltz.exchange )
## Pegging Out
### Comparing eCash / Lightning / Liquid / BTC # Final Discussion and Ideas
Each part of the Bitcoin ecosystem has its strengths and weaknesses, and often they overlap in rather confusing ways. I think it would be helpful to compare the various major initiatives. This is NOT about proclaiming *one is better than the other*, as you can see they each have their own strengths:
## Comparing eCash / Lightning / Liquid / BTC
|| eCash | Lightning | Liquid | BTC | || eCash | Lightning | Liquid | BTC |
|-| ------| -------- | -------- | ---- | |-| ------| -------- | -------- | ---- |
|UTXO Model:| No UTXO. Bearer token | Your UTXO is in a multisig. | You own UTXO in sidechain | You own UTXO in mainchain | |UTXO Model:| No UTXO. Bearer token | Your UTXO is in a multisig. | You own UTXO in sidechain | You own UTXO in mainchain |
@ -176,14 +181,8 @@ You can see that it is *much cheaper* to use L-BTC. In fact its so cheap that it
|Likely Threat:| Debasement or Mint rug | Loss of funds while offline | Federation censorship | Losing keys / non-spendable UTXO for fees |Likely Threat:| Debasement or Mint rug | Loss of funds while offline | Federation censorship | Losing keys / non-spendable UTXO for fees
|Maturity: | 2023-2024 | 2018 | 2018 | 2009 |Maturity: | 2023-2024 | 2018 | 2018 | 2009
## Pegging Out
## Building Your Own Federation ## Building Your Own Federation
# Final Discussion and Ideas
[^1]: BlockStream Green, AQUA, Anser (web wallet), Specter, Marina (web wallet) [^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. [^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.
[^3]: Please `git clone` the repo and don't rely on the pre-compiled downloads in repo (they are out of date from source) [^3]: Please `git clone` the repo and don't rely on the pre-compiled downloads in repo (they are out of date from source)