What is Ark (ARK)?
ARK is an ecosystem of linked chains and a spider web that aims to provide users, developers and startups with innovative blockchain technologies. ARK is a platform that has been designed for mass adoption and its team is working to develop and deliver services that the industry needs. ARK’s main intention is to connect the blockchains of every single cryptocurrency in the market with ARK’s Smart Bridge Technology. Buy Ark (ARK) India.
ARK is a fast, decentralized, scalable, collaborative bridging and open source network. It is fast because it has 8 second block time, allowing users to transact money fast and securely. It uses a modified Delegated-Proof-Of-Stake consensus mechanism that features 51 delegates. The delegates run the network and are rewarded as miners in other networks.
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How does Ark work?
The ARK Crew is building several notable features into their ecosystem – all with the unified, underlying goal of making blockchain more accessible to the world:
- Alternative Programming Languages
- Push Button Deployable Blockchains
SmartBridges are used to “bridge” separate blockchains together through the ARK core platform. Basically, ARK becomes the intermediary between different chains allowing them to communicate with one another and trigger events across chains – something that isn’t currently possible.
Enabling SmartBridges on a chain is as easy as inserting a snippet of code that ARK provides.
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Exchanges like Coinbase and Shapeshift also benefit from SmartBridges. These platforms can use encoded listeners to act as a medium for SmartBridge transactions while still charging their normal transaction fees.
Team Behind Ark (ARK)
Ark is the brainchild of some of the key developers behind Berlin-based Lisk, the popular cryptocurrency and independent blockchain network which went live in May of 2016 and has since achieved mainstream success and brand recognition within the cryptocurrency market.
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François-Xavier Thoorens, who was a core developer of Lisk and co-founder/CTO of Donat.io, a platform for collecting donations for parishes, is Ark’s head of development and Mike Doty, who has experience in mechanical engineering and helped co-found Crypti, a predecessor of Lisk, is Managing Director.
The one-line description of ARK says it is the place to get all-in-one blockchain solutions.
ARK has plans for the Integration of Interplanetary File System (IPFS), a hypermedia protocol system. Essentially IPFS is a fancy way to say storing media on the blockchain. Once stored on the blockchain users could readily access media such as video or audio.
DPoS combined with ArkVM & Push Button Deployable Blockchains are going to make Ark a powerhouse in the future.
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