Ark is an open-source scaling protocol for #Bitcoin, initially proposed in May 2023, and now being developed by software companies like ArkLabs (npub1hf5…dp8n) .
Ark is not a competitor but complements the Lightning Network, focusing on shared UTXO ownership via Virtual Transaction Outputs (VTXOs) managed by Ark Service Providers (ASPs).
Ark could save on transaction fees, is especially beneficial for daily payments, and does not require covenants but would benefit from them.
Read more here:
https://stacker.news/items/756943/r/teemupleb
#Ark #BitcoinScaling #Layer3Solutions #BitcoinLayer3 #ArkLabs #ArkNode #Arkade #LightningNetwork #BitcoinEcosystem #UTXO #VTXO #ArkServiceProviders #payments #grownostr #zap #btc #freedom #zaps #opensource #foss #lightning #sats #satoshis #covenants
teemupleb
npub15v…cfzg7
2024-11-07 20:28:55
Author Public Key
npub15vxdlmhftkh452a06vnr3mmks2dy8hqejeuxuv6sgy5rgtf0jllsccfzg7Published at
2024-11-07 20:28:55Event JSON
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"content": "Ark is an open-source scaling protocol for #Bitcoin, initially proposed in May 2023, and now being developed by software companies like nostr:npub1hf5sgehj874r3y2hps9r36qap20cffauc7t895var2ajlsg32mcqa7dp8n . \n\nArk is not a competitor but complements the Lightning Network, focusing on shared UTXO ownership via Virtual Transaction Outputs (VTXOs) managed by Ark Service Providers (ASPs). \n\nArk could save on transaction fees, is especially beneficial for daily payments, and does not require covenants but would benefit from them. \n\nRead more here: \n\nhttps://stacker.news/items/756943/r/teemupleb\n\n#Ark #BitcoinScaling #Layer3Solutions #BitcoinLayer3 #ArkLabs #ArkNode #Arkade #LightningNetwork #BitcoinEcosystem #UTXO #VTXO #ArkServiceProviders #payments #grownostr #zap #btc #freedom #zaps #opensource #foss #lightning #sats #satoshis #covenants\n\n",
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