Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Layer 2 Vs Sidechains
by
ETFbitcoin
on 06/02/2023, 12:05:50 UTC
⭐ Merited by n0nce (2)
To the best of my knowledge, all the items in my chart depend on layer 1 for security.

But security of federated or centralized sidechain doesn't heavily rely on layer 1. For example, security of Liquid sidechain heavily involve "Functionaries".

These functionaries each serve two roles on the network - as blocksigners they operate the Liquid sidechain, and as watchmen they secure Bitcoins held by the Network.