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 2024-01-22 06:33:47 -06:00
parent ce0962eb70
commit dd5cabb231
1 changed files with 12 additions and 15 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

27
docs/liquid/liquid-part1.md
View File

@ -67,11 +67,7 @@ Liquid uses a variation of BTC Core program known as Elements, much of the setup
* Install Elements 'App'
... Go take a several hour break while it downloads ...
* ssh into umbrel and install the elements-cli programs [^3]
- `ssh umbrel.local`
- `$ wget https://github.com/ElementsProject/elements/releases/download/elements-23.2.1/elements-23.2.1-x86_64-linux-gnu.tar.gz`
- `$ tar xf elements-23.2.1-x86_64-linux-gnu.tar.gz`
- `$ ln -s elements-23.2.1-x86_64 elements`
* Navigate to Elements 'App' web interface on Umbrel and copy `rpcuser` and `rpcpassword` values
![](umbrel-elements.png)
@ -80,17 +76,18 @@ Liquid uses a variation of BTC Core program known as Elements, much of the setup
- `$ export E_RPCUSER=elements`
- `$ export E_RPCPASS=XXXXXXXXXXXXXXXXXXXXXXX`
* You should now be able to issue commands against the elements daemon
- `$ /elements/bin/elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getblockcount`
- `25846` (It doesn’t matter what the number returned is, can even be 0, as long as no error.)
- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getblockcount`
25846 (It doesn’t matter what the number returned is as long as no error.)
* Create a default wallet
- `$ /elements/bin/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
- `$ /elements/bin/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`
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
- `$ /elements/bin/elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getpeginaddress`
- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getpeginaddress`
{
"mainchain_address": "bc1qXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX",
@ -103,29 +100,29 @@ Now let's peg-in some bitcoin in order to receive L-BTC within our Liquid wallet
* Copy the BTC transaction ID and save to variable
- `$ export B_TRANSID="bb1d0903XXXXXXXXXXXXXXXXXXXXXXXXXXX"`
* Wait for the BTC transaction to confirm[^4]
* On your **BITCOIN** node, run the following command
* On your BITCOIN node, run the following command
- `$ sudo ./scripts/app compose bitcoin exec bitcoind bitcoin-cli getrawtransaction $B_TRANSID`
020000000173f50....
* Save that output to bash variable
- `$ export B_RAWTRANS='020000000173f50....`
* On your **BITCOIN** node, get output proof
* On your BITCOIN node, get output proof
- `$ sudo ./scripts/app compose bitcoin exec bitcoind bitcoin-cli gettxoutproof '["<transaction_id_paste>"]'`
00406426ea774aff7437de482c73f2ac8......
* Save output proof in bash variable
- `$ export B_OUTPROOF='00406426ea774aff7437de482c73f2ac8....'`
* Now back on the elements node, we can claim the L-BTC
- `$ elements/bin/elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS claimpegin $B_RAWTRANS $B_OUTPROOF $E_CLAIMSCR`
- `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS claimpegin $B_RAWTRANS $B_OUTPROOF $E_CLAIMSCR`
* Issue a getwallet info on Elements and you should see an unconfirmed balance
- `$ elements/bin/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`
"unconfirmed_balance": {
"bitcoin": 0.00149952
}[^5],
* After 1 confirmations (approx 2 mins) the balance should be confirmed
- `$ elements/bin/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`
"balance": {
"bitcoin": 0.00149952}