I was reading about how Liquid works. Do Liquid transaction fees work the same way BTC fees do (per transaction)? Is there only Blockstream as a miner or are there other enterprises who collect the fees too?
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Not an answer as i'm not 100% sure but from some bribes of conversations i got i think Blockstream collects the fees which helps them pay actual Bitcoin fees then– Antoine PoinsotCommented Mar 4, 2021 at 20:23
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docs.blockstream.com/liquid/… mentions congestion; so how could there be congestion if it's a centralized chain? (Well, thanks anyway)– MCCCSCommented Mar 4, 2021 at 20:28
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1 Answer
Fees are collected to a "fee address". Blockstream uses this to fund the BTC fees incurred by "burning" the L-BTC needed to pay fees.
Fees are intended to be anti-spam rather than a revenue source. Monetization of Liquid is based on providing products and services on top of Liquid.
