L-BTC is only created when BTC is locked in a multisig. This is all verifiable on both chains (exactly same mechanism as LN).
The only meaningful difference between Liquid and LN is that the multisig you enter in LN you can force close (by paying a fee), whereas its a federation that controls multisig on LN.
Again the differences are degree not kind.
freetx / Freetx
npub1cl…44dv0
2024-01-29 13:55:00
in reply to nevent1q…55zl
Author Public Key
npub1clayv5wwyspgspsyu0pm5xcscv77m5jl3fud5enj5d3s3fmhezzs744dv0Published at
2024-01-29 13:55:00Event JSON
{
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"pubkey": "c7fa4651ce2402880604e3c3ba1b10c33dedd25f8a78da6672a36308a777c885",
"created_at": 1706536500,
"kind": 1,
"tags": [
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"content": "L-BTC is only created when BTC is locked in a multisig. This is all verifiable on both chains (exactly same mechanism as LN). \n\nThe only meaningful difference between Liquid and LN is that the multisig you enter in LN you can force close (by paying a fee), whereas its a federation that controls multisig on LN. \n\nAgain the differences are degree not kind. \n",
"sig": "1df8799d1fc06fb0aa3da874bf028b222b20ec6811e5fe0b7166783ad25b58ba6166da5433c667cb7c41f64377a7e9a95488023248e54e3c1d9b06b1de0b3762"
}