Replying to Avatar Saberhagen The Nameless

When you make a payment the hash of the preimage would match the payment hash in the invoice. The receiver has to reveal it to the sender in order for the payment to go through. The sender uses that to cryptographically prove they paid.

I would be more interested in comparing an eventual Monero L2 to a Bitcoin L2. In terms of privacy, building an L2 on an encrypted blockchain is probably the best privacy you can get in the cryptocurrency world. I think Shielded CSV or a folding scheme on Monero (which I've seen discussed in Monero here and there) would be the most feasible and private L2 possible afaict. Crazy times ahead for privacy tech 🤙
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🇵🇸 whoever loves Digit 7mo ago

L2 just sabotages the underlying coin if it's anything like lightning

The only L2 worth having would be one based on a P2P blockchain like the underlying asset

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Saberhagen The Nameless 7mo ago

Lightning is only one of many different kinds of L2s. No one is forced to use them and they come with different advantages.

Ironically Lightning would probably work better on Monero in a few ways because of it's dynamic blocksize and would be more economically feasible to unilaterally exit because of it's very cheap fees. Although I'm more interested in the other L2s I mentioned.

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🇵🇸 whoever loves Digit 7mo ago

Weird, touch screen glitched and sent 2 reactions other than 🤙 before I could react with 🤙

Anyway, I doubt any L2 based on anything but a similar blockchain would work, and Monero doesn't need an L2 currently since transactions are already fast enough and cheap enough and the main obstacle to Monero's privacy/security right now is the prevalence of devices having backdoors