ARK - Bridging Together Blockchains in a Cohesive Ecosystem for Mass Adoption

in #crypto6 years ago (edited)

ark ecosystem.png

Resources: Website | Whitepaper | GitHub | Medium | Twitter
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ARK Cryptocurrency

CMC Ark.png

As of this writing, ARK is valued at around $3.28 per token and has a total market capitalization of around $336.7 Million and a circulating supply of around 102.5 Million tokens (Max Supply capped at 133.7 Million tokens) according to CoinMarketCap data.


ARK's Ecosystem Features

ark network.png

Ark is an ecosystem meant for achieving mass adoption & solving the issue of scalability to bring cryptocurrencies to the mainstream. Ark's Ecosystem features include the following (With SmartBridge Technology being the most notable and therefore bolded):

I. Delegated Proof of Stake (DPoS) - DPoS to reach consensus within ARK Blockchain. This consensus algorithm was designed to eliminate the issues associated with Proof of Work (PoW), namely the centralization of computing power and the exponentially increasing waste of real world energy.

II. ARK Anonymous Network Integration - Provides users with optional privacy when transacting ARK cryptocurrency.

III. ARK SmartBridge Technology - Connecting blockchains together with SmartBridge technology (built into ARK Core) allows communications between different blockchains & interoperability. Any blockchain can send and receive trigger function notices and informational data through the primary ARK network via custom developed SmartBridge(s)​ ​and Encoded​ ​Listeners​.

SmartBridge.png

SmartBridge details.png

IV. P2P Hypermedia Protocol - IPFS (InterPlanetary File System) integration allows ARK to build alternative revenue strams through the use of Distributed App Hosting, File Hosting/Sharing, Audio/Video Streaming & Live Streaming Media.

V. P2P Blockchain Database - IPDB (InterPlanetary DataBase) facilitates the management of personal data, reputation, and privacy, along with secure attribution, metadata, licensing information, and links to media files.

VI. Modular Point of Sale (PoS) System - Designed to facilitate the transfer of ARK tokens between 2 parties through the use of a modular PoS Device such as a Smart Card or Wearable NFC device.

VII. Push Button Deployable Blockchains - Making ARK clone-able with push button deployment and linked to ARK’s Main Chain via SmartBridge. So any startup that wants to fork ark can do so with ease and be SmartBridge compatible right out of the box.

VIII. Push Button Deployable Testnets - Deployment of TestNet clones for anyone that wants to test or build something on ARK, or for ARK.

IX. ARKVM - The ARK Virtual Machine integration will allow users to issue ARK Smart Contracts (Similar to Ethereum).


ARK Technology Development & Core Team

Ark's working on a lot of different goals and as such has its road map and GitHub organized by each of these development milestones it aims to hit. It has 37 different repositories on GitHub & 18 different goals on its Roadmap.

Ark Github.png

Ark Crew consists of around 30 team members working towards developing these various tech integrations into the ARK Ecosystem. It's led by some various interesting people and cofounders as shown below:

Core Team.png

Mike Doty - Managing Director at ARK | Cofounder of Bitseed) | LinkedIn
Francois-Xavier Thoorens - Chief Technology Officer at ARK | Past: Core Developer at Lisk | LinkedIn; GitHub
Lars Rensing - Chief Financial Officer at ARK | Advisor at Digital Bits | LinkedIn

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