From 95c5af9930c3a99ac2a30869b326f11cf5db53c7 Mon Sep 17 00:00:00 2001 From: b0xxer Date: Thu, 1 Feb 2024 08:13:37 -0600 Subject: [PATCH] Update docs/liquid/liquid-part3.md --- docs/liquid/liquid-part3.md | 18 ++++++++++++++++++ 1 file changed, 18 insertions(+) diff --git a/docs/liquid/liquid-part3.md b/docs/liquid/liquid-part3.md index 1055753..0f3813a 100644 --- a/docs/liquid/liquid-part3.md +++ b/docs/liquid/liquid-part3.md @@ -29,5 +29,23 @@ Liquid would make a great solution for this case. They could simple direct their ## Using Liquid with BTC / LN +### Comparing eCash / Lightning / Liquid / BTC +|| eCash | Lightning | Liquid | BTC | +|-| ------| -------- | -------- | ---- | +|UTXO Model:| No UTXO. Bearer token | Your UTXO is in a multisig. You must stay online to monitor in order to prevent loss | Your UTXO is transfered to sidechain. You own UTXO in sidechain | You own UTXO | +|Redemption:| Depends on mint | No dependency (might require fee) | Depends on Federation | No dependecy | +|Longevity: | Mint must survive | Channels will close at somepoint | UTXO forever | UTXO forever | +|Online:| Must be online to verify eCash token | You must be online to recieve | Offline receive | Offline receive | +|TXN Time:| Instant transactions | Instant transactions | Fixed 2 min transactions | Variable ~10 min transactions | +|Fees:| No fees | Neglible fees (msat) | "Low" fees (~200 sats) | High fees (~15,000 sats)| +|Liquidity:| No liquidity management | Must manage liquidity (in/out) | No liquidity management | No liquidity management| +|Privacy:| Mints can aggregate and assemble transaction data | Nodes could aggregate and assemble transaction data | Confidential transactions | Absolute public ledger | +|Federation: | Must vet each Mint | You choose channel partner | Known federation members | Soverign | +| Frac Reserve Possible: | Yes | No | Verifiable Issues | No | +|Likely Threat:| Debasement or Mint rug | Theft of funds while offline | Federation censorship | Losing keys / unspendable UTXO for fees +|Maturity: | 2023-2024 | 2018 | 2018 | 2009 + + + ## Building Your Own Federation