0 sats \ 1 reply \ @om 12 Jun 2023 \ on: Ark AMA bitcoin
I've seen claims that Ark requires 1/256th of all blockspace. Is that true? If yes, who pays for it? If not, what was that about?
There is a new on-chain transaction i.e every five seconds, so yes, Ark constantly demands bitcoin backspace. I consider this approach footprint-minimal as we can fit thousands of transfers in this transfer period.
Since Ark is based on a shared UTXO model, on-chain fees for the shared UTXO are shared among all other participants.
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