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RE: Living On Liquid And Lightning Has Reshaped My Bitcoin Exprience

in LeoFinance3 years ago

What is UTXOs?

I looked at HODLHODL yesterday expecting the loan payment to be in BTC but it looks like it's in USDT. Where do you move your USDT?

I also looked more into Liquid and Lightning in generally and most articles I read seemed to say that the former was better for larger quantities and the latter for smaller quantities. Do you agree with that?

It looks like you're more interested in their uses rather than size of transaction.

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UTXO's are the files you are actually moving on chain, so let's say you move 0.1 BTC that could be 1 UTXO or a combination of several UTXO's if you were stacking on-chain.

If you were say sending 0.001 BTC to a wallet 10 times and now you have 0.01 then that's 10 UTXOs but if you sent once 0.01 then its 1 UTXO, each UTXO requires mining to move so it's bast to minimise creation of them.

Yes I would say lightning is for small quick payments, liquid is for larger BTC you want to avoid chain fees or want to trade or do DE-FI with and don't want to use the main chain.

It's up you HODLHODL lets you set the terms of what you want to borrow or lend. if you want to receive lets say USDT then it will be paid on the liquid network which also supports stable coins.

You can then swap those stable coins for L-BTC or vice versa.

Thanks for the extra information. Too tired right now to properly study it but have copied and pasted it into my notes.

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