Yes, it's the same as Confidential Transactions on the Liquid Network. Very cool, actually. 😎 And Bitcoin has a Lightning Network with different trade-offs, while Monero doesn't. 😎

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Liquid doesn't offer sender or receiver privacy just the hidden amount part Monero, like Lightning, is just another trade-off. Different advantages to each. Not trying to convince you to use it just saying L2 is not necessarily better privacy. Depends what you're trying to keep private, who you're trying to be private from, and how you're using it.