Bitcoin ark network is live, what are your thoughts?
Just tested out Arcade wallet where you can send and receive on Lightning, Ark and mainnet all in one (Software wallet) However it’s an ark wallet so if you receive on Lightning it’ll do an atomic swap to ark with boltz. Ark-ark transactions have been completely free in my transaction.
You keep custody of your bitcoin. Onchain batch outputs use an n-of-n multisig arrangement involving all VTXO owners and the Ark Operator. Users hold presigned transactions that allow them to unilaterally withdraw their funds without cooperation from the operator or other participants — typically after a predefined delay. The server can’t steal your bitcoin. This is kind of like how you can force close a lightning channel, except the main difference is on ark there’s a mandatory waiting period.
What do you think of this scaling solution? It allows you to hold money without needing to worry about channels or them running off with your money. Will we see adoption of ark any time soon on exchanges? Out of Liquid, Lightning and Ark what is your favourite scaling solution and why?
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