Ark (ARK) is a blockchain platform designed with the aim of enhancing interoperability and ease of use within the blockchain ecosystem. Founded in 2016, Ark focuses on bridging disparate blockchains, allowing for seamless communication and integration between them. This is primarily achieved through its innovative SmartBridge technology, which facilitates the connection and communication between different blockchain networks.
One of the cornerstone features of Ark is its use of a Delegated Proof-of-Stake (DPoS) consensus mechanism. This system is more energy-efficient compared to Proof-of-Work (PoW) models and allows for faster transaction speeds. In Ark's DPoS system, 51 delegates are elected by token holders to secure the network, validating transactions and creating new blocks. Ark token holders play a direct role in the governance of the platform by voting for these delegates, thereby ensuring the network remains decentralized and aligned with the community's interests.
The Ark platform is designed to be highly accessible and flexible for developers, supporting a wide range of programming languages. This inclusive approach aims to attract a broad developer community, facilitating the creation and deployment of custom blockchains and applications within the Ark ecosystem.
Ark's native token, ARK, is utilized within the ecosystem for transactions, staking, governance, and accessing various services and features. The ARK token also benefits from the network's partnerships, such as with ChangeNOW, which enables seamless exchange of ARK for other cryptocurrencies, thereby enhancing its liquidity and accessibility for users
Ark's proposition is to simplify the blockchain development process, allowing for the easy creation of bespoke blockchains that can interoperate with existing networks. Its push-button deployable blockchains feature is a testament to this effort, aiming to reduce the barriers to blockchain adoption and implementation.
