Bitcoin’s New Protocol Aims to Simplify Payments and Expand Financial Use Cases
A new Bitcoin protocol called Arkade has entered public beta, promising to combine Bitcoin’s decentralization with user-friendly payment experiences. The protocol also enables decentralized finance functionality previously associated with alternative cryptocurrency networks. Early ecosystem partners include major Bitcoin exchanges and wallet providers.
New Bitcoin Protocol Launches in Public Beta
Ark Labs has reportedly launched the public beta of Arkade, a new upper-layer network protocol built on Bitcoin’s base blockchain, according to industry reports. Sources indicate this represents the most significant Bitcoin protocol rollout since the Lightning Network debuted in 2018, particularly appealing to Bitcoin purists seeking expanded functionality while maintaining core blockchain principles.