jungly on Nostr: tbh, I am using the federation for a mining pool design, where the payout is a DLC ...
tbh, I am using the federation for a mining pool design, where the payout is a DLC contract. The federation acts as an oracle, and voila, the miner gets a unilateral exit, with DLC backed payout guaranteed as long as 1) miner produces hashrate and 2) federation remains honest and signs the attestation.
I have been wracking my brains to see if we can do anything with the federation for an L2 payment mechanism.
I see two problems, a) without PoW how do you keep federation honest and not start sybil attacking b) does it really do anything useful at all, as you asked the question too. I have this uncanny feeling someone somewhere will figure this out. Threshold signatures are way too cool to not give us an interesting future.
I have been wracking my brains to see if we can do anything with the federation for an L2 payment mechanism.
I see two problems, a) without PoW how do you keep federation honest and not start sybil attacking b) does it really do anything useful at all, as you asked the question too. I have this uncanny feeling someone somewhere will figure this out. Threshold signatures are way too cool to not give us an interesting future.