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This is ridiculos and false. For instance, with LN you have to be online to secure your funds, otherwise you might lose them. L2 only inherits the security of
by lawn 4y ago
This is ridiculos and false.
For instance, with LN you have to be online to secure your funds, otherwise you might lose them.
L2 only inherits the security of L1 when it settles, which by definition is not that often (that's the whole point!).
- DennisP 4y agoLN's shortcomings are not issues for zkrollups on Ethereum. Transactions are stored on chain, just in compressed form. A contract checks the validity of all transactions before storing them. The proofs are expensive to generate, but so cheap to verify that a contract can do it on chain.
- everfree 4y agoSome types of L2, like roll-ups, settle to L1 every block. The "whole point" of L2 is to reduce the amount of resources used to settle its transactions on L1. Some L2s, like Lightning Network, achieve this by settling infrequently. But other L2s, like roll-ups, achieve it by batching transactions in clever ways so that less L1 resources are used on a per-transaction basis.