@2ndBTC | Bitcoin’s blockchain has never seen Ark transactions. Until now. \ stacker news ~lightning

@2ndBTC | Bitcoin’s blockchain has never seen Ark transactions. Until now.xcancel.com/2ndbtc/status/1837530708560302522

1725 sats \ 6 comments \ @supratic 23 Sep lightning

This sound really promising, however I'm not sure if this still Lightning? Ark? or just generically another eltwo (L2)?

I look forward to learn more about it.

website: https://second.tech

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163 sats \ 5 replies \ @nerd2ninja 23 Sep

"Another important thing to note is that the protocol implementation is not fully trustless as designed, yet. Currently, the VTXO tree is signed only by the server while it should be signed also by the users and the server misses APIs to collect such signatures. We're working on it as we speak on these aspects to ensure a robust and feature-complete implementation."

So the covenant less design just requires all users to be online for any state changes is all.

source btw: https://arkdev.info/blog/ark-release-v0.2/

Don't mind me just adding some context behind why we have Ark without covenants lol.

0 sats \ 4 replies \ @supratic OP 23 Sep

Thanks a lot for sharing some context! Much useful and needed as this is all new to me.

Are you saying that covenants need to be implemented in Bitcoin Core to guarantee VTXO and Ark success?

0 sats \ 3 replies \ @nerd2ninja 23 Sep

I am just saying that all Ark users have to be online to use Ark without covenants and that with covenants, end users could be offline most of the time.

Doesn't mean it won't be successful without it, just that I think it would be a lot nicer with it.

0 sats \ 2 replies \ @supratic OP 23 Sep

Doesn't somehow the same issue happens with Lightning too? At least for non-custodial mobile wallets and I assume for LN nodes too, if not the receiver is not online the payment will be not successful, or I'm wrong?

0 sats \ 1 reply \ @nerd2ninja 23 Sep

You're correct.

0 sats \ 0 replies \ @supratic OP 23 Sep

Right so they are betting high on covenants to be implemented at some stage. It will be a great feature!