Stablecoins and CBDCs as ZSAs

[GGuy]

I vote L2. There are many many advantages to Zcash enabling sidechain-ish things.

I recently discovered Protocol Labs has done some research for Filecoin and is currently working on production ready code for something called Hierarchical Consensus. ECC has a relationship with Filecoin . The high level idea is to allow a third party can create sidechain-ish things that can have altered consensus rules (e.g. that allow locking of funds etc). I believe we should start researching things like this now as it may (or may not) help to bundle/overlap this kind of consensus work with the transition to POS.

There is a YouTube video in the link below that gives a good overview.

Batching Transactions - Fork and Merge?

@zooko Has ECC had any discussions with Filecoin about their new possible hierarchical consensus implementation? In the case of Zcash I imagine the spec could be greatly simplified. We could even go so far as forcing subnets to only interact with their own ZSA if we wanted to reduce consensus complexity. But the high level description kind of matches what I’ve been describing. I imagine with the switch to POS we could using a finality gadget ontop of a simplified hierarchical consensus. Hierarc…