What is Ark (ARK)?

Aug 28, 2018 at 19:19

Ark is a delegated proof of stake blockchain in a decentralized platform which aims to connect other blockchains via smartbridges as its developers believe on the idea that all blockchains should be connected to improve efficiency and potential use-cases.

Launched in February 2017, it works as an intermediary between the blockchains, allowing for communication between disparate chains and the ability to trigger events on other chains through a snippet of codes.

Likewise, the smartbridges function works through exchange which could use encoded listeners to determine when a transaction is an exchange transaction and then process them automatically while still charging the usual fees. To illustrate it, a user could send 100 ARK to their Coinbase wallet and the exchange would recognize the transfer as an exchange transaction and automatically convert the ARK to ETH before depositing it in the user’s wallet.

The system also allow users to create their own blockchains based from the Ark mainnet that can be operated even those with minimal technical skills. The team behind it also made sure that development in as many coding languages as possible is allowed to further attract widespread use.

Programming languages supported by ARK include Python, Elixer, RPC, Java, .NET, Go, PHP/Laravel, TypeScript API, Nucleid, Ruby, Swift iOS, Symfony, Javascript, Kotlin and Lua, among others.

The platform also offers offline and online measurable values about future potential incomes alongside an anonymous network integration which has high privacy terms aside from average transaction times at 8 seconds per confirmation.

Where to buy?
ARK can be purchased on major crypto exchanges like Binance, Upbit, Bittrex, OKEx and Cryptopia, among others by exchanging them for other cryptocurrencies like ETH or BTC or with fiat currencies.

Is it mineable?
ARK is not mineable and will have a total supply of 135,915,988 tokens. At present, there is already 104,665,988 ARK out in the market.