BitcoinReserve on Nostr: Some major differences between #LiquidBitcoin and #Ethereum: Liquid is honest about ...
Some major differences between #LiquidBitcoin and #Ethereum:
Liquid is honest about how some degree of trust is required.
Ethereum (the Ethereum Foundation) claims to be "trustless", however in reality this is not the case AT ALL.
Liquid is FAR cheaper to use than Ethereum.
An Ethereum transaction can cost hundreds of dollars. A Liquid transaction will cost about $0.10.
Liquid Bitcoin's price is attached to Bitcoin's price.
There is no conflict of interest with Liquid like there is with Ethereum, where there's a shitcoin at the base layer with its own free-floating price.
Liquid is far more private.
Ethereum does not have confidential transactions like Liquid does. The amount of funds being transferred are not visible using the Liquid Network.
Just in the value proposition of stablecoins alone, Liquid USDT is objectively the best option available. Much cheaper than the ERC-20 USDT, and way more private.
Reasons like this are why we offer Liquid Bitcoin and Liquid USDT to our clients. People all around the world can buy or sell any amount with Bitcoin Reserve.
We've been a member of the Liquid Federation for years and we're proud to have been one of the first #bitcoin-only companies to do so ✊
Liquid is honest about how some degree of trust is required.
Ethereum (the Ethereum Foundation) claims to be "trustless", however in reality this is not the case AT ALL.
Liquid is FAR cheaper to use than Ethereum.
An Ethereum transaction can cost hundreds of dollars. A Liquid transaction will cost about $0.10.
Liquid Bitcoin's price is attached to Bitcoin's price.
There is no conflict of interest with Liquid like there is with Ethereum, where there's a shitcoin at the base layer with its own free-floating price.
Liquid is far more private.
Ethereum does not have confidential transactions like Liquid does. The amount of funds being transferred are not visible using the Liquid Network.
Just in the value proposition of stablecoins alone, Liquid USDT is objectively the best option available. Much cheaper than the ERC-20 USDT, and way more private.
Reasons like this are why we offer Liquid Bitcoin and Liquid USDT to our clients. People all around the world can buy or sell any amount with Bitcoin Reserve.
We've been a member of the Liquid Federation for years and we're proud to have been one of the first #bitcoin-only companies to do so ✊