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Scaling Bitcoin Practically With Ark Labs

  • 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.

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