Monero is slow
XMR > BTC
but, it needs some type of lightning or ecash 2.0 layer to get significant adoption.
Discussion
FCMP is going to enable L2s
Someone was working on an ecash impl for Monero if that floats your boat. Seems simple enough, but not sure on the progress.
nostr:note1qeraqwjgqv7an4l28pz4wtwvxeg4swrwyx7gmat7k45gfsysdggswft4yr
I just hope it won't have the same issue that Lightning has where essentially it's not private because institutions can see the transactions. It would defeat the whole purpose.
I think for this particular implementation it would use on-chain Monero to fund the mint and receive ecash. Ecash itself is fairly anonymous with blinded signatures. Blinded amounts being worked on. No public blockchain.
It would still be ruggable of course, like any ecash so I wouldn't keep much on it, but you would gain some useful properties/features that aren't possible with Monero (instant transactions, very high TPS, ability to peg to USD, no/extremely cheap fees, offline payments, etc)
Is there a possibility of incorporating smart contracts and DAOs into Monero in L2?
ZK rollups have been discussed, so potentially, but its too early to tell afaik
DarkFi will probably better for those things in the near-term and it's merge mined with Monero
Any way to employ smart contracts without using Ethereum is fine by me.
Also keep an eye out on Zano and the SCRT Network. I look forward to them for my ghost business.
Not sure if I trust Zano because of it's unquantifiable premine from Boolberry swap + PoS = effectively a hidden dev tax if so. But we will never know.
Also, with Zano you can only create tokens centralized to the creator and must trust them with issuance.
Beam would be closer to a private Ethereum and more preferable since it actually has programmability and smart contracts.
I've heard of SCRT network but don't know much about it.