When you think of Ark, you probably fall back to the January cryptocurrency boom that saw ARK (the native token to the Ark project) fly up to an all time high of $10.26 Whilst we are certainly a little way off seeing this all time high value for the ARK token again, we are seeing some great promise in this project, there are a few key things about Ark that you should know, as we are about to explain. But first, remember this is not investment advice. ARK is looking like a great project to invest in, however if you do choose to invest, do so based on your own research. We canât guarantee that ARK will climb towards $10.00 again and therefore, just because it happened in the past, it doesnât mean itâs guaranteed to do it again.What Ark?Ark is an access point for the blockchain. It gives users access to blockchain technologies via an ecosystem of adaptable and scalable chains. The primary aim for Ark is a drive for blockchain adoption and therefore, Ark aims to provide developers with everything they need in order to achieve this. Ark is open source, and uses smart bridge technology to bridge various different blockchains, making it a true solution, built upon collaboration. Some of the key features of Ark;Ark is fast, in fact it is said that the Ark network is one of the fastest in the industry, with block times as low as 8 seconds, transactions clear through the Ark blockchain in an instant. Ark is fully decentralised through a Delegated Proof of Stake consensus mechanism built up of around 51 delegates. No lone delegate has overall control. Ark addresses scalability issues in order to keep their blockchain fast. According to Ark:
âThrough the use of our custom built SmartBridge functionality we are able to off-load non-essential functions to hundreds of side-chains. This allows for great scalability while keeping the main ARK blockchain lean and fast.â
Collaboration is a key part of the Ark blockchain. The team behind Ark is built up of 23 core team members from 11 countries. As it stands, the Ark community is continuing to grow its community of developers as they believe collaboration is the key to ensuring the blockchain adoption can become a realistic prospect. One of the most important features of the Ark project is of course the ARK Wallet, a wallet designed to host ARK tokens that allows for instantaneous transaction settling, according to Ark:
âThe ARK Desktop Wallet is natively built for all major Operating Systems. Our full HD wallet meets the top security standards in the industry and supports the Ledger Nano S secure hardware wallet. ARK wallets connect to fully synced network peers removing the need to download the full blockchain. With the ARK wallet you are up and running as soon as itâs installed, no more syncing! And, with 8 second block times you can actually see your transactions occur in real time! No more checking in every 30 minutes to see if your transactions were confirmed. You should have access to your money whenever and wherever you need it. That is why ARK has native mobile wallets for both Android and iOS. Check your balance, send & receive funds, or vote for your favorite delegate, even on the go!â
The ARK wallet has recently seen a number of exciting updates, giving us a true indication of how Ark want to progress their products for the future, some such features include adding ARK-based blockchains to the mobile wallet, a dark mode option and enhanced security upgrades and the addition of new languages too.The addition of new languages is especially important in Arkâs drive for blockchain adoption as, in order for people to learn about and understand their technology, it needs to be available in as many languages as possible - this gives Ark the best chance to become âadoptedâ.Ark is a very promising project one that promises to see huge growth and has great potential for the future.
I'm responsible for filming fresh, daily market, blockchain and crypto news for Crypto Daily's YouTube Channel. We cover a variety topics and coins to suit the taste of different investors, traders and crypto enthusiasts. For many years my background was mainly in Recruiting and Marketing. I also enjoy running a musical YouTube channel in my spare time.