diff --git a/docs/liquid/liquid-part3.md b/docs/liquid/liquid-part3.md index 52b4092..2c0c602 100644 --- a/docs/liquid/liquid-part3.md +++ b/docs/liquid/liquid-part3.md @@ -192,14 +192,14 @@ Each part of the Bitcoin ecosystem has its strengths and weaknesses, and often t |-| ------| -------- | -------- | ---- | |UTXO Model:| No UTXO. Bearer token | Your UTXO is in a multisig. | You own UTXO in sidechain | You own UTXO in mainchain | |Redemption:| Depends on mint | No dependency (but requires fee) | Depends on 3rd party | No dependency | -|Online:| Must be online to verify eCash token | You must be online to receive. You must stay online (or hire watchtower) to secure channel state | Offline receive | Offline receive | +|Self-Custody Online Req:| Must be online to verify eCash token | You must be online to receive. You must stay online (or hire watchtower) to secure channel state | Offline receive | Offline receive | |TXN Time:| Instant transactions | Instant transactions | Fixed 2 min transactions | Variable ~10 min transactions | |Fees:| No fees | Negligible fees (msat) | "Low" fees (~200 sats) | High fees (~12,500 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 | Public ledger | |Counter-Party Risk: | Must vet each Mint | You choose channel partner | Known federation members | Sovereign | | Frac Reserve Possible: | Yes | No | Verifiable Issues | No | -| Custody Options: | eCash wallet | Single Sig / Hot Wallet | Single Sig / Multi Sig / Hot Wallet / Cold Wallet / Hardware Wallet | Single Sig / Multi Sig / Hot Wallet / Cold Wallet / Hardware Wallet | +| Self-Custody Options: | eCash wallet | Single Sig / Hot Wallet | Single Sig / Multi Sig / Hot Wallet / Cold Wallet / Hardware Wallet | Single Sig / Multi Sig / Hot Wallet / Cold Wallet / Hardware Wallet | | TXN Value Size: | Tied to LN size, but theoretically unlimited | Typical is < 25,000,000 sat | Unlimited | Unlimited | | Ideal Exposure Time: | days | weeks | months | years (forever) | |Likely Threat:| Debasement or Mint rug | Loss of funds while offline | Federation censorship | Losing keys / non-spendable UTXO for fees