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# Liquid DeepDive
This is a multipart DeepDive that will focus on Liquid Sidechain. It will be released in 3 Parts:
* Part I (this): Overview, Installation, and first Peg-In
* Part II: Asset Creation and Configuration
* Part III: Advanced Topics and Peg-out
## Overview ##
Liquid is a federated sidechain to BTC. The federation which controls the network are known as 'Functionaries'. Currently, there are 15 such Functionaries who are geographically dispered to help isolate the network from both physical and regulatory disruption. Block signing happens in a round-robin style arrangement. ^^Consensus requires 11-of-15 to be available^^.
@ -35,8 +42,8 @@ One of the unique aspects of Liquid Network is that it supports a variety of Ass
* Tokens (e.g. arbitrary token issue, stablecoin, etc)
* Swaps (e.g. atomic swap of Token A for Token B)
* Options / Smart Contracts / Covenants (e.g. swap Token A for B when condition ABC is met)
* Securities / Restricted Assets (e.g. issue dividends to Token A holders after
vetting period complete, or prohibit Token A holder to transfer tokens until approval given)
* Securities (e.g. issue dividends to Token A holders after time)
* Restricted Assets (e.g. prohibit Token A holder to transfer tokens until approval given)
### Additional Opcodes