An impromptu whiteboard session about the mechanics, benefits, and tradeoffs of Ark, an entirely new kind of L2 protocol for Bitcoin. The session is held by Burak, the creator of Ar...
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An impromptu whiteboard session about the mechanics, benefits, and tradeoffs of Ark, an entirely new kind of L2 protocol for Bitcoin. The session is held by Burak, the creator of Ark, and Robin Linus, founder of ZeroSync and expert Ark educator. CHAPTER TIMESTAMPS BELOW.
Chapters:
00:00:00 Intro
00:01:20 Burak's Issues with Lightning
00:05:29 Ark is VERY Different
00:09:27 Liquidity limitations of Lighting visualized
00:18:10 What Ark can bring to Lightning
00:22:10 High-level sketch of how Ark works
00:33:49 How Ark transactions are made Atomic
00:53:39 Interactive Protocol, step by step
00:57:17 Permissioned Peg-in, Permissionless Peg-out
01:02:39 Are Bank-like things on Bitcoin a good thing?
01:04:33 Federation-owned ASPs
01:09:09 Downside #1 - Liveness requirement
01:17:23 Downside #2 - On-chain footprint
01:22:39 Coinjoin privacy
01:46:28 Pro / Con summary
01:47:56 On-chain spend out logistics
01:50:16 How should we use Ark?
01:54:26 Liveness requirement revisited
02:02:32 Implementation roadmap
Burak - @brqgoo
Robin - @robin_linus
Sam - @zkchesterton
Ark - arkpill(dot)me
Ruben Somsen's Ark chart mentioned by Robin - gist(dot)github(dot)com/RubenSomsen/a394beb1dea9e47e981216768e007454
This is a terrific (and accessible) summary of Ark - bitcoin's newest layer 2. Thx to @zkchesterton, @robin_linus and of course @brqgoo. @obi, @EricSirion and @_JustinMoon_: can we get one on Fedi? 😁🙏 and one from @Polyd_ on Enigma would be 🔥🔥!
