Conversation

Notices

1. Ademan (ademan@thebag.social)'s status on Friday, 17-Mar-2023 00:49:20 JST Ademan

   https://eprint.iacr.org/2022/744

   MoNet: A Fast Payment Channel Network for Scriptless Cryptocurrency Monero

   Neat, I only skimmed it, but I’m glad monero folks are starting to look off chain.

   • silverpill (silverpill@mitra.social)'s status on Friday, 17-Mar-2023 00:49:19 JST silverpill

     in reply to

     • Rucknium

     @ademan Sounds great. But there's no implementation, apparently

     @Rucknium Have you seen it?

   • silverpill (silverpill@mitra.social)'s status on Friday, 28-Apr-2023 21:08:13 JST silverpill

     in reply to

     • Rucknium

     @Rucknium @ademan Is there some other way to make private offchain payments with Monero as a settlement layer?

   • Rucknium (rucknium@pleroma.rucknium.me)'s status on Friday, 28-Apr-2023 21:08:14 JST Rucknium

     in reply to

     • silverpill
     @silverpill @ademan Yes: https://moneroresearch.info/index.php?action=resource_RESOURCEVIEW_CORE&id=95
     kayabaNerve's comment was
     "Unfortunately, this relies on transaction chaining, and therefore is not applicable to Monero despite its intent (without a hardfork which does enable transaction chaining, such as the eventually planned Seraphis upgrade)."
     
     @ademan : There is no known way to make Payment Channel Networks private, even with Monero (see the paper below). The authors of the MoNet paper have not communicated with anyone involved in day-to-day Monero development and research. There are other payment channel proposals for Monero by the way.
     
     Tang, W., Wang, W., Fanti, G., & Oh, S. (2020). "Privacy-utility tradeoffs in routing cryptocurrency over payment channel networks." https://moneroresearch.info/index.php?action=resource_RESOURCEVIEW_CORE&id=120
   • silverpill (silverpill@mitra.social)'s status on Friday, 28-Apr-2023 21:44:32 JST silverpill

     in reply to

     • MattZ
     • Rucknium

     @colinsmatt11 @Rucknium @ademan

     Global consensus is necessary to prevent double-spending.

   • MattZ (colinsmatt11@gleasonator.com)'s status on Friday, 28-Apr-2023 21:44:33 JST MattZ

     in reply to

     • silverpill
     • Rucknium
     @silverpill @Rucknium @ademan I have one simple question, if the transactions are offchain then what's the point of having a chain.