The Importance of Arc in Bitcoin Scaling

Arc is a liquidity network similar to lightning. You move Bitcoin, just like lightning off the chain without polluting on chain in a privacy preserving way. It does a bit of a better job compared to the lighting in terms of privacy but it scales Bitcoin transactions off the chain. But there are other trade offs associated, right? There is no free lunch. We would be using an ASP instead of an LSP in this example,. So do you want to just explain a little bit like let's try to keep it accessible for people as accessible as we can. Can you give us like a high level explanation of arc and how it works for people?