i think liquid does "snapshots" to base layer, which let's you verify a state without knowing the full history.
which might be useful. like i only have to replay the txs after the last snapshot.
but multisig nature of it makes it a company/organization entity rather than its own protocol.
which is a different reason than i listed above. but yeah not really decentralized.
one question would be is it better than an exchange? for example. right?
