Liquid Bit is a scarce and privacy focused digital asset living natively on the Liquid Network. Liquid Bits a.k.a. "drips" can be fully settled hassle free within only two minutes. Transactions are confidential which means that the amounts are hidden from all third parties. This information is only known by the sender and the receiver involved in the transaction. The smallest unit of Liquid Bit is one L-BIT - also called as a "drip". Drips can not be divided, which means that it is impossible to send, receive or hold less then one whole L-BIT.