Ark has the same "back up your proof every vtxo" requirement. And the same limitation: the moment you receive offchain vtxo(and proof), you can unilaterally exit, but it isn't exclusive either — a colluding previous owner + ASP could still double-spend your prior state.
What's better about Ark is the periodic batch round (an onchain tx). When you participate, your old VTXO gets forfeited, which kills the stale state a prior owner could've exited with — so exclusivity is restored and only you, the latest owner, hold full ownership.
And the batch settlement is O(1) onchain regardless of participant count — thousands of participants still settle into a single shared Taproot output that just looks like a normal address. (You only unroll the tree if you unilaterally exit.) That amortizes the fee across everyone, so at scale the per-user burden becomes almost negligible.
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Thank you for the explanation! Highly technical answer I need to digest and re read more than one time for sure.
Ark is one of the worst Bitcoin affinity scams to date for sure... Total slop to keep noobs paying 50bps points every few weeks for idle funds that still used custodial swaps to be credited in the first place
The initial pricing put out by second.tech reflects the cost of on-chain operations at at very very early stage in Ark's development. The more Ark users there are, the cheaper the refresh fees will be, since they can be split between everybody in the Ark... happy to be corrected but I believe that this will be a linear proportional relationship.
I don't quite understand what you mean by custodial swaps (possibly my lack of knowledge); I was under the impression that boarding and exiting the ark is completely non-custodial since the mechanism is multisig transaction-locks.
I've been playing with Noah Wallet.
The UX is pretty clear, so users have a good view of what's happening under the hood. I'm very bullish on Ark.
Noah - Bitcoin Ark Wallet
Noah is a Lightning wallet built on Ark, a second-layer protocol for Bitcoin that enables instant, low-cost, and private transactions.