Bitcoin Sidechain Liquid Comes Back To Life Amid Ordinals Frenzy

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By BitcoinWiki News



Bitcoin’s Liquid Network Making a Comeback

High network congestion on Bitcoin has led to a revival of the Liquid Network, an old scaling solution that offers fast, private, and cheap BTC transactions. This has resulted in an increase in transaction volumes and a resurgence of interest in LBTC.

Summary

Bitcoin’s network congestion has led to a revival of the Liquid Network, with increasing transaction volumes and interest in LBTC. The rise in activity is related to the Boltz non-custodial Bitcoin exchange, alternative scaling solutions, and the introduction of protocol for minting NFTs and tokens on Bitcoin.

Thought-Provoking Questions/Insights

  • How does the Liquid Network offer a solution to high base-layer fees and network congestion on Bitcoin?
  • What are the implications of the rising interest in LBTC and the use of the Liquid Network for Bitcoin users in developing countries?
  • What are the potential consequences of filtering Ordinals transactions from Bitcoin blocks by mining pools like OCEAN?


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