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Liquid Network Restores Full 1:1 Bitcoin Backing for L-BTC
(4 hours ago) · 1 source · Summarized by CryptoBipto
The Liquid Network has restored full 1:1 Bitcoin backing for its L-BTC token after a period where backing had fallen below parity. However, the process of refilling wallets on the network still requires manual intervention rather than being fully automated.
WHY IT MATTERS
Think of the Liquid Network like a separate express lane built alongside the main Bitcoin highway.
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SOURCES
- cryptoslate.com
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BTCBitcoin SidechainsLiquid NetworkReserve BackingL-BTCBlockstream