Blockstream Jade Addresses | Bitcointalksearch.org

dkbit98

legendary

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Quote from: ncentrepreneur.investor on August 25, 2024, 10:59:43 AM

I was wondering when operating a blockstream jade where liquid addresses come from. I understand the seed phrase for bitcoin and the xpub and that addresses come from the xpub, but I also noticed that you can verify liquid addresses that green generates that is verifiable on the jade. So, where do the liquid addresses come from? How are they generated?

I don't own Jade wallet so I don't know exactly how it works for seed generation, but I used on Liquid Network wallets and I think they used the same 12 seed words like for on-chain Bitcoin.
Liquid works as a layer-2 chain and that is different from Bitcoin main chain, address format is different and transactions can be confidential.
Just note that some Liquid wallets are not BIP39 compatible, not sure about Jade wallet.

I would recommend checking out official Jade page if you need more information anout this:
https://help.blockstream.com/hc/en-us/categories/900000061906-Blockstream-Jade

bitmover

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bitcoindata.science

Quote from: ncentrepreneur.investor on August 25, 2024, 10:59:43 AM

I was wondering when operating a blockstream jade where liquid addresses come from. I understand the seed phrase for bitcoin and the xpub and that addresses come from the xpub, but I also noticed that you can verify liquid addresses that green generates that is verifiable on the jade. So, where do the liquid addresses come from? How are they generated?

You can also generate liquid addresses in aqua wallet.

It is a sidechain as odolvlobo said. Wallets generate addresses mathematically based in the seed , just like in bitcoin blockchain or any other cryptocurrency

odolvlobo

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Liquid is a "sidechain". A sidechain is a separate block chain that interacts with the Bitcoin block chain by storing important data in it.

Liquid is used to transact in bitcoins without using the Bitcoin block chain directly. It has other features that are not available with Bitcoin, such as confidential transactions and asset issuance. Liquid uses coins called "Liquid BTC", or L-BTC, which are bitcoin proxies that exist on the Liquid block chain. L-BTC maintains a value of 1 BTC by the ability to exchange L-BTC and BTC at only that rate using the Liquid protocol.

So, to answer your questions:

1. Liquid addresses are created and used for the Liquid side chain just as Bitcoin addresses are created and used for the Bitcoin block chain.
2. I don't know enough about Liquid to understand what you mean by "verifiable" or why that might be notable, but I assume that Liquid uses protocols similar to Bitcoin's for creating addresses.

ncentrepreneur.investor

member

Activity: 66

Merit: 25

I was wondering when operating a blockstream jade where liquid addresses come from. I understand the seed phrase for bitcoin and the xpub and that addresses come from the xpub, but I also noticed that you can verify liquid addresses that green generates that is verifiable on the jade. So, where do the liquid addresses come from? How are they generated?

Topic: Blockstream Jade Addresses (Read 81 times)