npub1sq…yt84g on Nostr: Lightning lacks many of the base layer primitives that could be used to build ...

Lightning lacks many of the base layer primitives that could be used to build decentralized solutions to problems. Ark makes it possible by virtualizing them.

quoting nevent1q…mc4g

We just announced yesterday in Amsterdam that @`Boltz - Non-Custodial Bitcoin Bridge` swaps are coming to Ark, day 1!

Thanks to native support for Bitcoin script operations, Ark allows servers to virtualize many of the same contracts used by existing Bitcoin products and services.

One we're excited about are Virtual HTLCs (vHTLCs). Combined with off-chain execution, we think they open the door to many new, and old, use cases that weren't possible before, or could not scale.

Those properties can extend to other script extensions of Bitcoin and potentially scale smart contract settlements!

Using virtual swaps, we can close Lightning's "liquidity loop" by providing participants with an interface to batch their channel management operations off-chain.

Many infrastructure providers will find interesting ways to leverage the efficiency of Ark swaps and we encourage anyone interested to reach out ArkLabs (npub1hf5…dp8n)