Ark (ARK)

About Ark (ARK)

What is Ark (ARK)?

Ark is a blockchain platform designed to empower anyone to create fully customizable, interoperable blockchains. Its goal is to reduce reliance on smart contracts by leveraging custom transactions, logic, and multiple programming languages. The Ark Ecosystem is an open-source technology stack built with TypeScript, offering developers an intuitive, flexible way to create blockchain solutions. The Ark Public Network, which hosts the native Ark cryptocurrency (ARK), serves as a live showcase of the platform’s capabilities. Ark’s Launcher product allows developers to build and deploy interoperable blockchains through a user-friendly graphical interface.

How does Ark (ARK) work?

Ark utilizes a delegated proof-of-stake (DPoS) consensus mechanism, which includes 51 forging delegate slots and eight-second block times. Each block generated on the network rewards the forging delegate with 2 Ark tokens. Ark token holders can vote for delegates to secure one of the 51 forging slots, with voting power tied directly to the amount of ARK tokens held (1 ARK = 1 Vote). These votes are cast through the Ark Desktop or Ark Mobile wallets. The compensation system for delegates is decentralized and customized by each delegate’s individual protocol.

What are the potential use cases for Ark (ARK)?

Ark is designed to simplify the creation of blockchain solutions, addressing a wide array of use cases. Its Ark Core Framework offers developers access to key blockchain features, including peer-to-peer operations, ledger management, API access, and custom business logic. The Generic Transaction Interface (GTI) within Ark Core allows developers to create unique transaction types tailored to specific use cases, supporting custom blockchains. Ark’s sovereign interoperable blockchain design ensures scalability and addresses the challenges of creating decentralized applications (dApps) and crypto assets.

What is the history of Ark (ARK)?

Ark was founded in mid-2016 and quickly gained attention by conducting a Token Exchange Campaign (TEC), raising $800,000 in Bitcoin and other cryptocurrencies. The Ark Public Network officially launched on March 21, 2017, hosting the Ark crypto asset and demonstrating the platform’s potential. The Ark project is managed by ARK ECOSYSTEM SCIC, commonly known as ARK.io, a business entity that oversees the platform’s development and operations. Since its inception, Ark has focused on financial sustainability and careful planning, gradually expanding its ecosystem and technology to attract developers and businesses.