Lucian and Dr. Corey Petty are joined today by Alex Miller and Dr. Karl Kreder from Grid+. We discuss a new layer 2 solution that is unlike anything else that has been attempted, a p2p digital cash equivalent that derives its security from the physical properties of smart cards. This network doesn't need a third party relayer to keep track of state and the only transactions that go on chain are the deposit and the withdraw with privacy for all intermediate transactions.
Medium Article Overview
Phonon Network Specification