Does Monero need a L2? Sean Coughlin presents Grease: a payment channel implementation for Monero (MT 354)
TODAY'S 🎙SHOW: Douglas Tuman speaks with cryptographic engineer Sean Coughlin about "Grease," his proposed layer 2 payment channel protocol for Monero. They delve into its technical design, how it compares to Bitcoin’s Lightning Network, and its potential to streamline Monero transactions by enabling off-chain payments without routing complexities. Sean shares insights from MoneroKon, discusses Monero’s resilience despite theoretical attack vectors, and explains how Grease aligns with upcoming upgrades like Full Chain Membership Proofs (FCMP++). He also touches on real-world use cases, wallet integration, and Grease’s flexible, decentralized approach aimed at boosting Monero’s usability and innovation.
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