ARK Price

About the Coin

ARK is a blockchain platform designed to provide users, developers, and startups with innovative blockchain technologies. The goal is to create an entire ecosystem of linked chains, forming a virtual spiderweb of endless use-cases. ARK is highly flexible, adaptable, and scalable, making it a secure platform designed for mass adoption. It offers the services that consumers want and developers need, with features like fast transactions, decentralization, scalability, collaboration, bridging, and open-source development.

Main Features

ARK operates using a Delegated Proof-of-Stake (DPoS) consensus algorithm. Unlike Bitcoin, where miners with expensive rigs secure network transactions, the ARK network is secured by delegates. Token holders in the ARK ecosystem continuously vote on who gets to be an active, forging delegate, with only 51 delegates making the cut. The more ARK tokens you own, the more powerful your vote. ARK also features SmartBridges, which allow for communication among validated bridged blockchains, enabling tasks and advanced functions across different ecosystems.

How it Works

ARK's infrastructure is modeled on older projects like Bitshares, Crypti, and Lisk, with some developers previously working on these projects. The ARK Desktop Wallet is natively built for all major operating systems, connecting to fully synced network peers without needing to download the full blockchain. The ARK Crew, a decentralized team of 15 core members, is dedicated to collaboration and the development of the ARK ecosystem. Security is a major focus, with cryptographic and security principles incorporated throughout the development life cycle, ensuring a secure core that meets user expectations. Privacy is also a priority, with optional anonymization services potentially provided by third-party technology integration partnerships.