💠 Ark Labs was created to meet the demand for scalable and cost-effective Bitcoin payments. Founder Burak Keceli has moved on to other ventures, but the protocol is still being developed and improved.
💠 The team behind the Bitcoin-2 protocol formed a new company aimed at building a faster and cheaper payment system on the world’s largest blockchain.
💡 Instead of requiring an initial deposit to ensure liquidity, Ark uses service providers who offer 24/7 liquidity services for a fee. Ark’s off-chain payments use the UTXO model, which facilitates one-way, one-time payments.