Liquid Federation Structure
Functionaries run specialised HSM hardware to confirm transactions and secure the network’s Bitcoin funds.
In addition to the ability to peg-out Liquid Bitcoin, Liquid members vote on board elections and network updates.
Liquid full nodes ensure functionaries are behaving correctly by verifying transactions and peg-ins.
Liquid Federation Boards
Liquid governance is maintained by three boards responsible for membership, oversight, and technology. Each board consists of five federation members that are voted on annually by the federation.