A Bitcoin developer by the name of Burak recently unveiled Ark, a Layer 2 protocol designed to enable fast and secure transactions. According to a post on the Bitcoin dev mailing list, Ark offers an alternative scaling approach that allows users to send and receive funds without liquidity constraints, making it easier for recipients to get paid without an onboarding setup. Unlike other Layer 2 solutions like Lightning, Ark does not require the opening and closing of channels, reducing the on-chain footprint significantly. Image source The protocol operate ...
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