ARK is a new cryptocurrency that has been in the top 25 coins since December 2016 according to CoinMarketCap.
ARK is a Delegated Proof of Stake (DPOS) coin, similar to BitShares, Steem and Bitshares.
Bitcoin and most other cryptocurrencies are based on a consensus algorithm called Proof of Work (POW). However, ARK is based on DPOS, which is currently considered to be one of the fastest, most efficient and decentralized consensus models available.
Like other DPOS coins, ARK has delegates who process transactions and secure the network with their stake. In return for paying a small fee, users can choose to let someone else maintain their wallet for them.
This is especially important for people who have no interest in maintaining or running their own node. People who let others maintain their wallet can still vote on delegates and stay involved with the network without actually having to run an instance of the wallet themselves.
Delegates can also provide additional services such as hosting websites or providing higher transaction speed for an additional fee. Since voting for delegates is free, users can choose different delegate options that best suit their needs.
ARK is a relatively new cryptocurrency that has come onto the scene over the last year or so. They have recently announced that they will be releasing their own Delegated Proof of Stake (DPoS) side chain creation service, so people can create their own custom blockchain forks.
This is big news because it means that ARK wants to become a general purpose platform for people to create their own decentralized applications and cryptocurrencies.
This article will dive into what the project is, what it wants to achieve and whether or not you should invest in it.
What Is ARK?
ARK is a cryptocurrency that aims to create an entire ecosystem of linked chains, allowing them to work together through what they call “SmartBridges”. It is promoted as being able to connect other blockchains, even ones that are made with different coding languages. This allows the user to access all the connected chains with only one login and they can transfer money between each other, no matter what blockchain they use.
ARK also allows users to get rewards for creating ARK SmartBridges. A SmartBridge is basically a link between two ARK chains or an ARK chain and another blockchain. The reward for creating a SmartBridge is paid in ARK Ecosystem tokens (ARK).
We often hear about new cryptocurrencies that are available to trade on various exchanges. While there may be projects that sound good, it is up to the user to do their due diligence and decide if it is a project that should be invested in.
ARK is an open source blockchain-based platform that aims to increase user adoption of blockchain technology by focusing on two main areas: bridging the gap between the current blockchain landscape and mass market adoption, and providing a variety of tools and services for consumers, developers, and startups to bring their ideas to life. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.
ARK is a new cryptocurrency that uses delegated proof of stake to secure its network. The ARK token sale ran from December 7th 2016 through December 11th 2016, raising $942,000 USD worth of Bitcoin for the project. It was one of the first ICOs to launch with a detailed whitepaper, as well as a working demonstration of the software (which is now 100% open-source).
The ARK cryptocurrency is currently trading at $0.32 USD per coin with a market cap value just over $30 million USD (at time of writing). It’s available on several exchanges including Bittrex, Cryptopia and LiteBit.eu but not yet on major platforms like Poloniex or Binance.
ARK had some significant news coverage surrounding its recent release of version 1.0 (see below), which could be
ARK is a decentralized platform that lets you build, use, and share blockchain technology. ARK also aims to bring blockchain solutions to businesses and help develop the overall blockchain ecosystem. It was founded in 2016.
ARK is currently trading at $1.04 per coin, with a market cap of $105 million according to CoinMarketCap. The current circulating supply is 100 million coins, with 2 million more coming into circulation each month. It has a 24-hour trading volume of $3,879,740.
The team behind ARK recently announced they will be launching their mainnet on March 21st, 2018. They also have a partnership with Ledger to create an app for their hardware wallet.
What Does ARK Do?
ARK aims to provide a bridge between other blockchains in addition to building their own ecosystem of linked chains and a virtual spiderweb of endless use cases that make ARK highly flexible, adaptable, and scalable. ARK is also creating new user experiences in addition to providing the services that users want and developers need by building easy-to-use tools that are accessible by everyone from your average joe to seasoned blockchain experts.
ARK’s SmartBridge technology allows blockchains to communicate with each other through the use of special encoded
Ark is new in the crypto space. The Ark team has a lot of work ahead of them, but they are already well on their way to success. Ark strives to create an ecosystem that’s easy enough for non-technical users to use, as well as powerful enough for more seasoned veterans of the space. They have already released a working product, so if you want to get your hands dirty, give it a shot!
As mentioned above, Ark is a cryptocurrency in its own right. It uses delegated proof-of-stake consensus (DPoS), which is different from bitcoin’s proof-of-work (PoW) mechanism. DPoS helps keep network fees low and transaction times fast. It does this by allowing token holders to vote for delegates who will be responsible for validating transactions and maintaining the blockchain. This allows for better scalability compared to PoW coins like Bitcoin and Ethereum.
With these two factors in mind, it’s easy why you might want to invest in this coin early on! But before you make any investment decisions, please remember that no one can predict what will happen with cryptocurrencies or any other financial market for that matter. There are many different factors influencing price fluctuations including news events like regulations being passed or countries