Skip to content

Investigate Liquid BTC as a DID registry #181

@macterra

Description

@macterra

Summary

Explore adding Liquid Network (Blockstream's Bitcoin sidechain) as a DID registry alongside the existing BTC/BTCS/BTCT registries.

Feasibility

Liquid supports OP_RETURN and uses an Elements RPC interface that is a superset of Bitcoin Core's, so the existing satoshi-mediator pattern maps almost directly.

Advantages over mainnet:

  • ~1 minute block times (vs ~10 min)
  • Very low fees (~0.1 sat/vB)
  • Still Bitcoin-anchored (federated 2-way peg)

What would need to change

  • RPC endpoint config — point at elementsd instead of bitcoind
  • Fee logic — Liquid fees are near-zero, fee estimation/RBF can be simplified
  • Asset handling — Liquid uses L-BTC, may need to specify asset ID in transaction construction
  • New registry name (e.g. LBTC)
  • New compose file (docker-compose.btc-liquid.yml)

Files

  • services/mediators/satoshi/src/satoshi-mediator.ts — existing OP_RETURN anchoring logic
  • services/mediators/satoshi/src/config.ts — RPC and fee configuration

Metadata

Metadata

Assignees

No one assigned

    Labels

    No labels
    No labels

    Type

    No type

    Projects

    No projects

    Milestone

    No milestone

    Relationships

    None yet

    Development

    No branches or pull requests

    Issue actions