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Home2018-11-14T14:20:05+00:00

What’s New?

Ark Overview

DPOS Instead of Proof-of-Work or Proof-of-Stake, Ark uses a Delegated Proof-of-Stake consensus algorithm. This is much more energy efficient than POW and more representative than POS. DPOS allows for faster transaction times- in Ark’s case, eight seconds to confirm.

Voting The common users use their wallets to vote for delegates who secure the network and create new Ark tokens. 1 Ark = 1 Vote Weight and this helps prevent delegate cartels that muscle out other delegates. The top 51 delegates voluntarily share the new Ark tokens with their voters, increasing the voters’ holdings through inflation that decays towards zero over time.

Wallets Ark has beautiful desktop, mobile, web, and paper wallets that focus on ease of use for the general public. The wallets run immediately without needing to sync the blockchain, and users receive voting rewards even when their wallets are offline.

Team There are 19 core team members all around the world furthering Ark, and an ever-growing number of community developers contributing to Ark’s goals. Consider Ark’s ‘nexus’ to be in western Europe.

Roadmap Ark has a dynamic roadmap showing percentage progress rather than timeline dates. This gives a better idea on development and expectations.

Smartbridges A core Ark philosophy is to create a web of blockchains that communicate and transfer value to each other, similar to the benefits of websites interacting with each other today.

Push Button Blockchain Ark will provide businesses, governments, and organizations with the ability to instantly create entire blockchains for free that communicate with Ark Mainnet, customizable to their needs. This prevents bloat and bottlenecks and allows for fast adoption.

Programming Languages Ark caters to all developers by allowing them to enhance their newly created blockchain though 18 different programming languages. This gets developers quickly up to speed and comfortable using Ark to enter the blockchain space.

ACES Ark Contract Execution Services use encoded listener nodes to connect Ark with disparate blockchains. ACES has connected Ark to Bitcoin, Ethereum, Litecoin, and ZenCash. Ark will be used to spend all other coins and use the unique use case features of other chains with (estimated) zero hassle for the common Ark user. ACES is an aggressive community-driven project aiming to link all blockchains.

ArkVM Ark Virtual Machine will be a bloat-free separate mainnet used for smart contract execution in the Ark Ecosystem. Similar to Ethereum, but with much less risk of grinding to a crawl/halt during high use periods. ArkVM will also have a more competitive fee structure.

Hackathons and Conferences Ark has a very ambitious outlook on acquiring talent and generating interest among both seasoned and budding developers. Ark has successfully sponsored many past hackathons and conventions and plan to do even more in the future.

Ark Community Fund The ACF is a fund whose purpose is to support community-driven Ark-related endeavors. ArkStickers.com is one of them! Community-elected board members decide what to do with ACF funds, and which projects to accept.

SCIC Business Entity Ark has successfully established a collective-structured business entity in France, the first of its kind for crypto in the country. This helps Ark stay relevant as regulations develop in the crypto space. Ark is also working with France to help draft regulatory ICO frameworks.