BTC related tech moving so quickly19 Mar 2021 08:43
'In addition, Blockstream developers have found an alternative to improve BTC by creating the Liquid Network.
Now, Flyp.me, the instant crypto exchange that requires no account creation to swap coins, has decided to add support for the Liquid Network and add L-BTC.
What is Liquid Network?
The Liquid Network is a sidechain-based settlement network for individuals and businesses such as crypto exchanges. It offers faster, more confidential transactions, as well as the ability to create new digital Liquid assets. It allows users to deposit BTC, and in doing so, create L-BTC — a pegged version of Bitcoin, that are verifiably backed 1:1 by BTC on the Bitcoin mainchain.
After users transfer their BTC to L-BTC, they can make crypto transactions at much faster speeds, and increase their privacy and confidentiality when receiving or sending digital currency. The Liquid Network allows even more — it lets anyone to create Liquid Assets, as well.
The Liquid Network’s main advantage, however, is its speed, as transactions are ten times faster than Bitcoin’s mainchain.'