Testing something...

Who knows what a CSD is and in what ways it's similar to a central bank? Will zap good answers.

If Bitcoin becomes the global monetary standard (and it will), it's inevitable that securities will be tokenized in order to be bought and sold for BTC without trade intermediaries (and therefore implying trust in the security issuer only).

And in that case, it's inevitable that the form of BTC that these securities will be traded against will be the same BTC that is used for all other day to day transactions (ie a real L2; either or both LN/Ark) and that the same L2 networks (LN/Ark) will be used to transfer those tokens too.

But it is also inevitable that these tokens will not be issued in Bitcoin UTXOs if the exact same result can be achieved in a separate and dedicated blockspace for tokenized assets, which is still somehow secured by bitcoin's proof of work but does not require a new form of BTC represented on it (unlike existing sidechains).

Sequentia is inevitable. If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

Hello. @Mandrik said I should revisit Nostr. Last time I was here it seemed like I was talking to myself, so let's give this another go

Sequentia: A Bitcoin sidechain that doesn't need a peg/bridge
https://docs.sequentia.io/signet

Trying this again with fewer words...

The Sequentia Network will run on a fork of Elements (fork of Bitcoin maintained by Blockstream and used for the Liquid Network), with two key changes of which the first is already built (check out our proof of concept in the link):
- a free market for transaction fees. I.e. tx fees proposed in any asset issued on the network; no native coin or peg and
- anchoring between sidechain and mainchain blocks so that you can make atomic swaps between both chains in real-time (unlike cross-chain atomic swaps between standalone blockchains, which require long timelocks)

So, essentially, you could think of it as "Liquid without L-BTC", although our hope is that in time people will see what we're building as a logical extension of the ideas that got Liquid started and therefore a spiritual successor.

Hoping to release mainnet by EOY, but for that to be possible we absolutely need more feedback, criticism, and general involvement from all you plebs out there. Obviously everything we're doing is open source, and we don't just welcome external contributors, but will do everything in our power to reward and incentivize them.

Check out the signet in the link. Join us.

originally posted at https://stacker.news/items/613084

Sequentia: A Bitcoin sidechain that doesn't need a peg/bridge
https://docs.sequentia.io/signet

Trying this again with fewer words...

The Sequentia Network will run on a fork of Elements (the codebase made by Blockstream for the Liquid Network), with two key changes of which the first is already built (check out our proof of concept in the link):
- a free market for transaction fees. I.e. tx fees proposed in any asset issued on the network; no native coin or peg and
- anchoring between sidechain and mainchain blocks so that you can make atomic swaps between both chains in real-time (unlike cross-chain atomic swaps between standalone blockchains, which require long timelocks)

So, essentially, you could think of it as "Liquid without L-BTC", although our hope is that in time people will see what we're building as a logical extension of the ideas that got Liquid started and therefore a spiritual successor.

Hoping to release mainnet by EOY, but for that to be possible we absolutely need more feedback, criticism, and general involvement from all you plebs out there. Obviously everything we're doing is open source, and we don't just welcome external contributors, but will do everything in our power to reward and incentivize them.

Check out the signet in the link. Join us.

originally posted at https://stacker.news/items/613084

Running Sequentia....

https://docs.sequentia.io/signet/

Who is still on here? Reply if you think I should use Nostr more.