https://arklabs.to

Ark uses a unique model for hashtag#bitcoin transactions—users connect to an Ark Service Provider (ASP) and transact with “virtual” transactions (VTXOs). Unlike Lightning, end users only need a light wallet and all on-chain liquidity management is handled by their ASP.

Importantly, an Ark VTXO can be redeemed on the hashtag#bitcoin mainchain at any time, even if the ASP is offline. This ensures that users have true self-custody of their Ark funds. Onboarding is easier too—users don’t need any bitcoin to open a channel and receive their first payment.

All that said, we need to emphasize that Ark is not a replacement for Lightning! Lightning is an essential piece of the scaling puzzle. It’s especially suited to enterprise settlements (e.g., exchanges, federations, and ASPs)—Ark simply fills in its gaps for consumer payments.

Ark’s finally here and we’re excited to pioneer new possibilities with #bitcoin. Whether you're looking to integrate Ark into your app, shape the protocol’s development, or make some of the first Ark payments, get in touch!

Full announcement

https://blog.arklabs.to/introducing-ark-labs-a-new-venture-to-bring-seamless-and-scalable-payments-to-bitcoin-811388c0001b

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