Topic: Arf Wallet: We make Bitcoin SIMPLE | FREE | INSTANT | SECURE (Read 222 times)
If this is a custodial service, which it looks like it is, sorry but if I was planning on using a custodial wallet anyway, I'd go with the more trusted ones(e.g. Coinbase), which pretty much provides the same features anyway(off-chain free and instantaneous transactions). Not to mention that for this app to work well, the receiver also needs to use your wallet.
it is hard for me to decide whether this is an interesting idea or jut another shady business that plans on becoming a big bank like Coinbase!
you say it is decentralized and layer 2 and call it Pipeline but to me it seems like YOU receive the coins and YOU control the received coins and that "layer 2" network not the users. because that is the only way i can think of that you could settle the transactions on chain in "bulk" on a later date.
you say it is decentralized and layer 2 and call it Pipeline but to me it seems like YOU receive the coins and YOU control the received coins and that "layer 2" network not the users. because that is the only way i can think of that you could settle the transactions on chain in "bulk" on a later date.
Simple
To send Bitcoin via Arf you don’t need to know the recipient's Bitcoin address and they don’t even need to be an Arf user. Just send some Bitcoin to their email address and we handle the rest.
Free
You don’t pay any network transaction fees or commissions when you send money within the Arf Payments Network. It’s FREE!
Instant
Every transaction within the Arf Payments Network occurs instantly. We built a new Layer 2 technology, called Pipeline, that validates all transactions instantly and settles them with Bitcoin network in bulk.
Secure
Arf uses non-custodial multisig wallets to handle all on-chain and off-chain funds. Your money is yours. So, even if we are hacked your funds are always safe.
This looks like a custodial service to me. Or something like off chain transactions
Please clarify.
You cannot make on chain transactions for free, neither transactions without knowing the receiving address
Is this wallet open source or not? If It is not, you need to gain trust, which seems not easy. else Upload your Github URL.
Correct if you are wrong but your wallet acts as a payment site, create an internal database for all transactions and thus update the values when sending or receiving? Right? Because the final values of the transactions are not broadcast to the bitcoin network. If not, the fees must be paid.
There is also a contradiction between these terms.
Correct if you are wrong but your wallet acts as a payment site, create an internal database for all transactions and thus update the values when sending or receiving? Right? Because the final values of the transactions are not broadcast to the bitcoin network. If not, the fees must be paid.
There is also a contradiction between these terms.
Quote
Just send some Bitcoin to their email address and we handle the rest.
&Quote
Arf uses non-custodial multisig wallets to handle all on-chain and off-chain funds. Your money is yours. So, even if we are hacked your funds are always safe.
Simple
To send Bitcoin via Arf you don’t need to know the recipient's Bitcoin address and they don’t even need to be an Arf user. Just send some Bitcoin to their email address and we handle the rest.
Free
You don’t pay any network transaction fees or commissions when you send money within the Arf Payments Network. It’s FREE!
Instant
Every transaction within the Arf Payments Network occurs instantly. We built a new Layer 2 technology, called Pipeline, that validates all transactions instantly and settles them with Bitcoin network in bulk.
Secure
Arf uses non-custodial multisig wallets to handle all on-chain and off-chain funds. Your money is yours. So, even if we are hacked your funds are always safe.
What is Arf?
Arf is a bitcoin payments network for micro- & recurring payments and P2P payments network where everyone can send BTC by simply using email addresses. It uses non-custodial, multisig wallets combined with a proprietary Layer 2 technology, called Pipeline, to offer zero fees for end users and instant payment validation.
What problem does Arf solve exactly?
On broader scope, most of the world’s population is online but most of the money isn’t. As a result, although any given online transaction is intuitive, fast and cheap on the data side, it is complex, slow and surprisingly expensive on the money side.
How does Arf solve this problem differently?
The most secure blockchains using "Proof of Work" like Bitcoin are very slow, cumbersome and charge high transaction fees. We built a technology, called Pipeline, that enables Arf to verify Bitcoin payments instantly without taking users' private keys. Also, end-users do not pay any transaction fee for transactions within the Arf Network. We coupled this technology with an easy-touse mobile app where end users can control and manage all of their payments.
How does Pipeline work and how is it different from the Lightning Network?
Pipeline is basically a UTXO aggregator for payments originating from Arf’s non-custodial multisig wallets. Pipeline aggregates payments from end users based on several factors and sends them to Bitcoin network in bulk to minimize transaction fees. Unlike usual custodial solutions like Crypto Exchanges, Pipeline does not need to manage user private keys on the server side to operate.
Lightning Network is a fully decentralized Layer 2 solution for instant payments. In its current form LN suffers from major shortcomings like payment routing problems (especially payments >$5), channel liquitidy, the need to maintain a full node and stay online 24/7, and a very hard & technical onboarding process. Pipeline makes a trade-off in terms of centralizing parts of Layer 2 in favor of super easy onboarding, overall usability, 100% reliable payments routing and a truly fee-less experience.
To download:
https://www.arf.one
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