b0xxer/web
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

Update docs/liquid/liquid-part1.md

Browse Source
This commit is contained in:
b0xxer 2024-01-23 05:47:27 -06:00
parent 3c6c6f1588
commit 93f500e46a
1 changed files with 3 additions and 2 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

5
docs/liquid/liquid-part1.md
View File

@ -55,7 +55,7 @@ Additionally a new DETERMINISTICRANDOM operation which produces a random number
These new opcodes have several use cases, including convenant-style controls, double-spent protection bonds, lotteries, merkle tree constructions to allow 1-of-N multisig with huge N (thousands), and probabilistic payments. These new opcodes have several use cases, including convenant-style controls, double-spent protection bonds, lotteries, merkle tree constructions to allow 1-of-N multisig with huge N (thousands), and probabilistic payments.
# Installation of Elements Node and Peg-In # Installation of Elements Node
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. 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.
@ -81,9 +81,10 @@ Liquid uses a variation of BTC Core program known as Elements, much of the setup
25846 (It doesn’t matter what the number returned is as long as no error.) 25846 (It doesn’t matter what the number returned is as long as no error.)
* Create a default wallet * Create a default wallet
- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS createwallet ""` - `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS createwallet ""`
* Check balance info * Check balance info (should show 0 balance with no errors)
- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getwalletinfo` - `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getwalletinfo`
# First Peg-In
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*) 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 * Generate a new peg-in address