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Ark Labs
Ark Labs is developing Ark, a protocol designed to scale Bitcoin by enabling off-chain transactions that are settled on-chain in batches. This enhances liquidity and allows for more complex, scalable applications on the Bitcoin network, serving developers and users looking for efficient and private transactions.
Distributed
Description
Ark Labs is a company focused on scaling Bitcoin transactions and infrastructure. Their main product, the Ark protocol, extends Bitcoin's base layer to enhance liquidity and enable scalable operations. It utilizes Ark Servers to pool off-chain transactions into batches that are periodically settled on-chain, secured by Bitcoin consensus. This system provides universal liquidity through efficient cross-layer swaps, unlocks UTXO-native contracts, and removes blockspace limitations. The protocol is designed to be developer-friendly and secure, offering easy onboarding without the need for bridges or trusted counterparties, while enhancing privacy by taking transactions off-chain.Grant Funding
VC Funding
None
2024
$0
$2.5M