Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»BITCOIN NEWS»Bitcoin Startups Go All-In on New Layer 2 Scaling Protocol
BITCOIN NEWS

Bitcoin Startups Go All-In on New Layer 2 Scaling Protocol

By Crypto FlexsJune 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Startups Go All-In on New Layer 2 Scaling Protocol
Share
Facebook Twitter LinkedIn Pinterest Email

A new project unveiled today, a year after it was proposed, is dedicated to making the Ark concept a reality. Ark Labs has announced that it is developing a Bitcoin Layer 2 network and hopes to capitalize on the growing demand for scalable and affordable Bitcoin payment solutions.

Marco Argentieri, CEO of Ark Labs, shared his perspective on the protocol’s evolution since its initial launch in an interview with Bitcoin Magazine.

“After months of building prototypes and putting together proofs of concept, we believe Ark is ready to enter the next phase of development and are excited to share this opportunity with the industry.”

Ark network infrastructure diagram

Using accounts and virtual transactions orchestrated by trustless servers, Ark enables inexpensive off-chain transfers between participants who consent to the system.

The simple server-client architecture allows this to be achieved without the tradeoffs typically associated with non-custodial systems. Argentieri believes the protocol is well-positioned to support the growth of other sidechain protocols such as Lightning and Liquid.

“We see all of these solutions as complementary. There are clear synergies between Ark and Lightning, and we hope to leverage them to build better, more stable products for the entire ecosystem.”

Now is the time

Although the project caught the attention of the Bitcoin community last year, its momentum stalled when the protocol was included in conversations about covenants and other upgrades. Argentieri believes there is an opportunity to move forward despite ongoing discussions about future soft fork improvements.

“We are currently developing two versions of Ark that we can implement. One is Bitcoin and the other is Liquid Network. Covenants will improve the user experience, but we believe this technology already has many commercial use cases.”

Ark Labs is already working with partners and expects to have an application or product available in late 2024.

Currently, Argentieri and his team of veteran Bitcoin developers are focused on providing a flexible implementation of the protocol to make it easy to integrate Ark services into applications. To achieve this, they have open sourced their implementation and are inviting other stakeholders to contribute to their efforts.

“We hope other teams and implementations will contribute to the Ark protocol to ensure the best standards and practices are in place. Our goal is to give every wallet access to Ark servers in the same way you can use Lightning today.”

He recognizes that the current infrastructure is still very immature, but is confident it has the pieces to execute on the original vision.

“We all pitched in.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Is it really possible to sell Memecoins?

July 29, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Dreamcash Begins Rollout Of Trading Platform With Hyperliquid Integration Via Waitlist Access

August 5, 2025

Cango Inc. Announces July 2025 Bitcoin Production And Mining Operations Update

August 5, 2025

Succinct, The First Decentralized Prover Network, Launches On Mainnet

August 5, 2025

ONyc Launches On Kamino, Unlocking Real-World Yield And Collateral Utility In Solana DeFi

August 5, 2025

Your Best Choice For Security, Efficiency, And Transparency

August 5, 2025

The expansion of the Bitpanda Eyes market strikes record profitability

August 5, 2025

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Apu Is Now Live For Trading On Hyperliquid

August 4, 2025

Mara raises hashrates, reaches 50K Bitcoin, and plans to expand

August 4, 2025

Bybit Expands USDT0 Support To HyperEVM, Corn, And Berachain — Unlocking Seamless Stablecoin Access Across Ecosystems

August 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Dreamcash Begins Rollout Of Trading Platform With Hyperliquid Integration Via Waitlist Access

August 5, 2025

Cango Inc. Announces July 2025 Bitcoin Production And Mining Operations Update

August 5, 2025
Most Popular

Bitget lists pioneering two-sided bridge MultiBit (MUBI) to promote BTC ecosystem development.

December 14, 2023

Pixelverse Raises Another $2 Million After Launching Telegram Clicker Game

July 13, 2024

Treasury officials have urged U.S. policymakers to take action to regulate cryptocurrencies before the next crisis hits.

January 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.