Is this not some sort of statechain?
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It definitely does not use a merkle tree that needs global consensus. It is definitely not a sidechain. Everything on this site, are just sort of claims right now. When we get to review some code, then we'll be able to verify what it is exactly.
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so if i understand correct, each ark 'token' backed by utxo? so verifiable supply and 'ASP' can't inflate?
that alone makes me more interested than fedi/cashu
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Not just 'backed, ' Liquid is backed by real Bitcoin, but you need their permission to peg back out into real Bitcoin. This is a real L2, meaning you can get your Bitcoin back trustlessly. So pumped!
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by why tf use telegram
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I'm really stoked to see so many L2s cropping up.
At an Ausin LitDevs last year, I asked as a silly thought experiment "I hate payment channels. How do we get rid of them?"
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I've written https://github.com/fiksn/awesome-ark, please read it and contribute to make it more usable. I've tried to include a simple explanation of how ARK works too, but likely this still contains errors.
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wish them the best thx for sharing
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Do you have a link to the announcement? I didn’t see any reference to TBD.
Anyway sounds cool but I’d need someone smarter than me to explain it as an analogy.
Also, I wonder why the 4 week time limit on vtxos.
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It's 2 weeks for sender, 2 weeks for receiver and 2 weeks for the pool ( if I understand it correctly)
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