Ecash has one slight advantage to "new L2s": it's real and it works.
Discussion
not an L2 though so unfortunately my interest falls off a cliff that that point :(. bitcoin things with utxos and unilateral exits are just too much fun.
What are your expectations for a new L2 that exceed lightnings capabilities?
Something that doesn’t require you to run a server for custody. Non-interactive L2 protocols automatically handled by script would be nice
How do you feel about LNhance? Do you think with that, CTV and Ark we’ll have a sufficient L2 to onboard the world without custodians?
I’m a fan of cashu for things like ehash or for passing offline payments like when connecting to a Tollgate. Also great for onboarding new people today who don’t have inbound liquidity for their own channels.
I’m not an expert so i defer to reardon on those things, apparently instagibbs has yet another proposal post-LNhance, but i don’t follow it closely enough
It's a credit token, making it a L3.
Bitcoin - L1, asset layer
Lightning - L2, coupon layer
Ecash - L3, credit layer.