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.
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.
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?
As soon as I saw the title, I knew the response 🤣🤣🤣
Please read: #1275977
Is not a scaling solution. It's bullshit.
Scam
The design reminds me a lot of Lightning’s force-close safety but applied in a different way. If users truly keep control of their funds and can exit unilaterally, that reduces a lot of the trust concerns. The big question for me is whether exchanges and big wallets will support Ark, because that’s what usually drives adoption.