Ark Labs, created by Marco Argentieri and Simone Giacomelli, is an open-source protocol created to help scale Bitcoin by amortizing the cost of a single on-chain transaction across many off-chain swaps.
Ark was founded under the pretext that users don't want to become experts in running Lightning nodes to make payments.
Argentieri acknowledged Cisco's shortcomings which prompted the founding of Ark.
The liquidity constraints of Lightning are remedied with Ark servers. Liquidity can be sourced and provided in exchange for a small fee.
With Ark, a UTXO can provide liquidity for an exponential number of transactions compared to the amount of funds in the UTXO.
Argentieri also shared that using Ark is nearly as trustless as using Bitcoin.
Ark Labs announced a partnership with Boltz to enable off-chain Lightning liquidity management, with the intention of making swaps faster, cheaper and easier via the Ark Node.
Argentieri and the team at Ark Labs have a seemingly countless number of new advancements in the works.
The plan for now is to remain on mission and make Bitcoin payments get better.