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No, you are wrong. It is not a "layer 2" and is also not competing with LN. And btw... it is a long way until it gets a useful working prototype from a simple medium article. Don't try to sell the bird from the wall...

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1121 sats \ 1 reply \ @eespn 20 Aug 2023

https://medium.com/coinmonks/bitcoin-ark-a-layer-2-protocol-for-fast-and-efficient-payments-acb6504207

I disagree with you, all documentation I read say it is a Layer 2 and it will be a competitor.

I think rod's comment is accurate

What is your source to support your statement/opinion ?

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They can say whatever they want in a medium article. That doesn't mean will be. For the moment are just words.

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Oooooo this looks fun.

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