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Rusty Russell and privacy and robustness in Lightning - episode 34
The Chaincode Podcast
The Importance of Simplifying the Peer-to-Peer Protocol
L2 is a peer-to-peer payment system. The protocol was originally designed to allow both sides to make changes at the same time, but now it's just one person taking turns in adding updates. This means that if you're really being hammered in both ways, you don't lose. It also gives you more opportunities for batching and so on.
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