WHAT IS ARK
ARK is a fast, decentralized, scalable, collaborative system that allows for bridging between block chains. Transactions on the network takes around 8 secondsThe Ark platform aims to make crypto technologies more socially acceptable and wants to achieve this through secure core technology and the implementation of practical services.
History Of Ark
ARK was launched on February 2017.The team of 27 members spread across the world. The team members located everywhere from California to Bulgaria.The ARK Crew is truly decentralized. The team currently consists of 15 core members.The team have same vision to make the cryptocurrency long lasting by bridging virtual to reality and continuous development to expand its range of services. The ARK infrastructure is modeled heavily on that of three older projects: Bitshares, Crypti, and Lisk. In fact, some of the ARK developers were previously developers on some of those projects. Francois-Xavier (FX) Thoorens, the CTO, was a core developer at Lisk in 2016.
Features of Ark
ARK’s main intention is to connect the blockchains of every single cryptocurrency available with the ARK’s smart bridge technology.
The Smart Bridge functionality will allow different enterprises, individuals and developers to use different functionalities from different block chains and networks. Linking block chains allow developers to invest in better ideas relaying in different blockchains, but in one platform.
DPOS is a system in Ark which stands for Delegated Proof of Stake, it’s a model that improves on the usual POS system by having delegates forge the blocks instead of the entire network
Another innovation is a hypermedial protocol platform. A P2P InterPlanetary File System (IPFS) allows you to process large amounts of data without overloading your blockchain
Ark is decentralized and voting weight is divided across all votes instead of assigning 100% weight to each vote. It’s super fast.. It only take seconds in transactions.
Ark has an ARKShield program that provides an additional layer of protection to Ark.
Future of Ark
Cryptocurrency is one of the hottest topics these days .Because of its features of all-in-one type of blockchain its highly demanded cryptocurrency. Ark’s potential as a crypto.
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