Grease: a mimimal payment channel implementation for Monero
summary
Grease is a minimal bidirectional payment‑channel proof‑of‑concept for Monero that runs now and closes channels with only the funding and final on‑chain transactions. It uses VCOF and CLRAS plus Noir ZK circuits and a smart‑contract‑enabled blockchain to escrow split keys so a third‑party key escrow service can resolve disputes; current implementation is two‑party only, works in happy path, and requires the escrow (FCMP++ would remove most of that need).
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chapters (29)
- 0:00Grease introduction
- 1:11Purpose and scope
- 1:54Payment channels benefits
- 2:34Lightning Network limits
- 7:30Grease use cases
- 9:16Why Grease may succeed
- 9:57How Grease works
- 14:08Live demo overview
- 14:30Grease protocol details
- 20:12FCMP++ improvements
- 21:17Privacy and trust issues
- 25:10Q&A
- 25:31Key escrow role
- 26:54Design philosophy
- 28:42Punishment mechanisms
- 30:47Dispute resolution methods
- 31:50Grease simplicity vs Lightning
- 33:14Custom implementations
- 34:42Development plans
- 35:03Killer app for Grease
- 36:49Gambling and POS use cases
- 37:30Offline payments in Grease
- 38:33Multi-party channels
- 40:18FCMP++ timeline
- 40:41ZK-proofs in Grease
- 42:06Building on Grease
- 43:48Escrow chain requirements
- 44:52ZK chains and privacy
- 46:45Closing and Q&A
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