One of the hardest things for me to understand I will admit is whether Hydra L1 with all extensions can be used for composable DeFi.
https://twitter.com/SebastienGllmt/status/1455069299459039234
State channels have limitations but this is assuming current state of the knowledge.
The often cited ones are:
- no ad hock hydra participants joining in and out
- trusted parties instead of unknown trustless parties as participants
The often cited ones are:
- no ad hock hydra participants joining in and out
- trusted parties instead of unknown trustless parties as participants
Thinking out loud:
1. In normal L1 cardano network we have stakepools joining in and out so if why we can't have the same in Hydra L2 network?
2. What if hydra heads communicate with each other and we adopt threshold signatures, perhaps we can then have a full monthy L2 network
1. In normal L1 cardano network we have stakepools joining in and out so if why we can't have the same in Hydra L2 network?
2. What if hydra heads communicate with each other and we adopt threshold signatures, perhaps we can then have a full monthy L2 network
3. The 1) and 2) would allow us for effectively have kinda like lightning network with smart contract support in an isomorphic way connected with L1 security guarantees.
What am I missing, shit is hard and I am probably missing a lot.
@ravanave @_KtorZ_ @ch1bo_
What am I missing, shit is hard and I am probably missing a lot.
@ravanave @_KtorZ_ @ch1bo_
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