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Blockstream's Liquid network can facilitate instant bitcoin transactions on their network. How does it work exactly?

My main questions are:

As a user with BTC on some exchange that supports Liquid Bitcoin (LBTC).

  • Is Blockstream Liquid like an exchange for exchanges that only exchanges use?
  • How is the 10 min blocktime eliminated?
  • Can regular users be on the Liquid Network and with what wallet?
  • What is their roadmap if any?

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