For smart cards were are making a tiny ETH miner that validates contracts.
Since the miner is Spectre compatible, it can asynchronously clear contracts with counter parties in other compatible hot wallets. So, it has shades of Lightening, it can short cut the ledger loops and complete complete contracts trees before clearing the blockchain. Any group of signatories to a contract can execute proof of agreement on a stable contract node, if they have the blockchain protocol for ETH. Then the whole complete sub chain verified on the master. The master chain serves a purpose, it holds collateral and risk ratings. ETH can be passed around within a complete contract tree.
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