Isn’t the flaw in this whole thing the ASP? How is this better than lightning ⚡️?
Here comes the first article in the Bitcoin Layer 2 series for @BitcoinMagazine. Here I go through the Ark protocol, the newest Layer 2 protocol for the Bitcoin Network. Ark is both very different from, but also similar to Lightning.
Find the article below:
https://bitcoinmagazine.com/technical/bitcoin-layer-2-ark
Discussion
No more need to pre-allocate liquidity to individual users for them to receive money. The ASP is required to coordinate, but control over funds is still trustless and gives users the ability to unilaterally exit to chain.