I like the idea of having something like cashu, but directly correlated to onchain BTC. If I’m understanding correctly, isn’t this what Ark is?
Discussion
yeah, you onboard user funds offchain via a “virtual utxos” that are linked to the onchain utxo. You can do this in a trustless way. I don’t fully understand it yet because it almost sounds too good to be true, still looking through the code. I see musig and tweaking which is interesting…
Wow. Does any movement happen on-chain during the vtxo process? If not, what a scalable solution IMO. Looking forward to more sharing on this from you. 🤯
onboarding is out of round, so its instant. You just provide a taproot address and the ASP virtually allocates a bit of the utxo to your address. If you want to do a unilateral withdrawal you need some btc in your wallet but otherwise it requires no inbound liquidity.
