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!
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.
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.
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
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!
by why tf use telegram
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?"
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.
Is this not some sort of statechain?
Okay I have a source for you: https://twitter.com/brqgoo/status/1661261804243148800
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.
wish them the best thx for sharing
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.
It's 2 weeks for sender, 2 weeks for receiver and 2 weeks for the pool ( if I understand it correctly)
Nvm I found a link https://www.nobsbitcoin.com/tbdxxx-ark-layer-2-scaling-solution/
Nice