Different layers, different rules
summary
Liquid runs on ElementsD, sharing ~80–90% of Bitcoin core code and adding multiasset issuance and confidential transactions; block production is a 15‑node federation requiring 11-of-15 signatures for validity with one-minute blocks and effectively two-minute finality. Peg‑in requires 102‑block confirmations and peg‑out is restricted to federation-controlled addresses; assets can be issued with optional reissuance tokens, and atomic swaps now make exits to Bitcoin easier.
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chapters (11)
- 0:00Introduction
- 1:55Liquid network origins
- 5:49Elements and Liquid chain
- 8:07Consensus trade-offs
- 12:07Personas and pegging
- 16:00Issued assets and tokens
- 18:29Confidential transactions
- 20:15Peg-in and peg-out
- 24:30Optimizing consensus
- 26:17Private chains with Elements
- 26:38Q&A
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