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ark/website/docs/learn/boarding.md
Marco Argentieri e0bd26f992 docs: various improvements (#28) 
* more improvements

* md fixes

* improve boarding wording

* improve blog desc

* add developers section

* imrpove links

* fix edit links

* Update website/docusaurus.config.js

Co-authored-by: João Bordalo <bordalix@users.noreply.github.com>
Signed-off-by: Marco Argentieri <3596602+tiero@users.noreply.github.com>

* Update website/blog/2023-11-10-liquidity-requirements/index.md

Co-authored-by: João Bordalo <bordalix@users.noreply.github.com>
Signed-off-by: Marco Argentieri <3596602+tiero@users.noreply.github.com>

* Update website/docs/intro.md

Co-authored-by: João Bordalo <bordalix@users.noreply.github.com>
Signed-off-by: Marco Argentieri <3596602+tiero@users.noreply.github.com>

* Update website/docs/intro.md

Co-authored-by: João Bordalo <bordalix@users.noreply.github.com>
Signed-off-by: Marco Argentieri <3596602+tiero@users.noreply.github.com>

* fix JSX

* add ark banner as og-image of website

* add og:image

---------

Signed-off-by: Marco Argentieri <3596602+tiero@users.noreply.github.com>
Co-authored-by: João Bordalo <bordalix@users.noreply.github.com>
2023-12-01 13:07:23 +01:00

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2 Boarding the Ark

Overview

Alice wants to board the Ark of a well-known Ark service provider (ASP). It requires an on-chain transaction.

  • Alice must be online at least once every 4 weeks to keep her funds safe.
  • If ASP is unresponsive, Alice can claim her funds back in 24 hours.

Timeline of events

  1. Alice creates a Funding transaction

  2. Alice adds any inputs she wants to cover the values the VTXO she will receive, plus on-chain fees.

  3. Alice adds an output with two spending conditions:

    • (ASP in 1 month)
    • A covenant output that forces coins to be spent by a Redeem transaction with an output with two spending conditions:
      • (Alice + ASP)
      • (Alice in 24 hours)

  4. Alice notifies ASP about the Funding transaction

  5. Alice has now a VTXO.