Vulpem Ventures Awarded Open Source Development Grant to Burak

“Vulpem Ventures is happy to announce we have awarded an open-source Bitcoin development grant to @brqgoo of $25000 for the next year.””Burak’s work will focus on the Ark protocol, a second-layer solution designed to help scale Bitcoin transactions by using a shared utxo model.””Beyond the deep compatibility with the Lightning Network, the ability of Ark to move off-chain, not only simple payments, but also any Bitcoin script it’s the game changer to bring financial primitives to everyone, without custodians and trusted third parties,” the firm stated. “At Vulpem we are focused on supporting and building the next generation of bitcoin-native financial services. From escrow payments to trustless lending & on-chain derivatives, although possible, they can’t scale on the Bitcoin blockchain.”

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