Ark Labs is developing a new second-layer Bitcoin payment network
Ark Labs has reportedly begun developing a new second-layer Bitcoin payment network built on top of the Ark protocol.
Ark's goal is to suggested a more streamlined, stand-alone, second-layer solution for Bitcoin , which removes the need for users to manage nodes, payment channels and liquidity.
Originally proposed in 2023, the Ark protocol aims to provide a Bitcoin scaling solution that integrates with the Lightning Network.
The platform strives to provide a more user-friendly experience while maintaining independent custody of funds.
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Bitcoin is on the brink of another breakout, according to analyst PlanBMarco Argentieri, CEO of Ark Labs, expressed his enthusiasm for the project, stating:
With the launch of Ark Labs, we're finally bringing Ark to life, allowing users to immediately benefit from seamless and scalable operations.
The Ark protocol differs from the Lightning Network in that users do not need to manage payment channels or handle incoming and outgoing liquidity in order to make payments. Instead, Ark consists of a network of Ark Service Providers (ASPs) that users can connect to through Ark-compatible wallets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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