Watch Video
02:19

Ark

Watch Video
02:19

Description

What does ARK do?

Ark has the self-claimed mission of being an all-in-one blockchain. The philosophy is that blockchains should be able to communicate with each other easily to foster a more open environment - resulting in greater liquidity and functionality for all blockchains. The project’s current focus seems to be aimed at developer needs. If developers are empowered, then the competition to create the best applications will increase, which generally results in better user experiences.

ARK want to create a solution where users can create their own blockchain with a few simple clicks, and use SmartBridges that allow any blockchain to communicate with ARK and vice-versa. The industry term for this concept is “interoperability.” Blockchain interoperability allows a blockchain to communicate with other blockchains.

What is ARK used for?

ARK has several different use-cases. It is used to pay for fees associated with sending transactions, voting for delegates, and mining. A delegate is simply a node on the platform, and users can vote to include or exclude certain nodes depending if they feel they are bad actors (individuals sending fake transactions or large numbers of transactions with the goal of slowing down the network) or not. This is part of their DPoS system (delegated proof of stake) introduced by Bitshares.

How can ARK appreciate in value?

Like most other projects, if Ark gains user adoption, then the price of its native currency should increase. If ARK integrates with other blockchains and developers create applications that can work with ARK, then the increase in demand should increase the price per coin. Additionally, ARK holders are incentivized to stake ARK to participate in the DPoS system, which contributes to scarcity.

What is the difference between ARK and its competitors?

Ultimately, there are no direct competitors to ARK. ARK has a collaborative philosophy while most other chains directly compete.

Ethereum, NEO, EOS and Lisk are the project’s closest competitors since these platforms also attract developers to create dApps. If these protocols prohibit the SmartBridge functionality with ARK, then this cuts off a large source of potential users.

  • Mainnet Launch: Ark doesn’t give a date for the launching of a project feature. Once a feature is ready they launch it. They however, have a roadmap where the status of ongoing projects is shown. https://blog.ark.io/ark-frequently-asked-questions-faq-bcb90a0537cc
  • Open Source: Yes
  • Consensus Type: Delegated Proof of Stake (DPoS)
  • Technology: Blockchain
  • Total Coin Supply: 125,000,000 75% (93,750,000 tokens) were distributed in the Token Exchange Campaign 15% (18,750,000 tokens) were divided between the founding members 7% (8,750,000 tokens) went to the ArkShield Program for the development of the platform 2% (2,500,000 tokens) were earmarked for Bounties 1% (1,250,000 tokens) the rest of the tokens will go to a reserve (probably for the DEX).
Reward
+ ?
REWARD
REWARD
score: 0 /100
Risk
+ ?
RISK
RISK
score: 0 /100

Our opinion

lorem ipsum dolor sit amet consectetur adipiscing elit.

Overall Rating 0.00

Idea
+ ?

Innovativeness

Is the project solving a new problem?

Feasibility

Is the project’s solution realistic?

Clarity

Does the project’s message make sense?

0.00

Team
+ ?

Core Members

How experienced and skilled are the team members?

Commitment

Are any key members involved in other projects?

Advisory Board

Is the project advised by anyone notable?

0.00

Market & Competition

0.00

Awareness
+?

Attention

Is the project on the public’s radar?

Hype

Is the general opinion of the project positive or negative?

Community

Is the project supported by a large number of crypto enthusiasts?

0.00

Coin Utility
+ ?

Usefulness

Is the project’s native currency needed for key features?

Versatility

Does the native currency have a number of different uses?

0.00

Our opinion

lorem ipsum dolor sit amet consectetur adipiscing elit

Sign up for free

Description

What does ARK do?

Ark has the self-claimed mission of being an all-in-one blockchain. The philosophy is that blockchains should be able to communicate with each other easily to foster a more open environment - resulting in greater liquidity and functionality for all blockchains. The project’s current focus seems to be aimed at developer needs. If developers are empowered, then the competition to create the best applications will increase, which generally results in better user experiences.

ARK want to create a solution where users can create their own blockchain with a few simple clicks, and use SmartBridges that allow any blockchain to communicate with ARK and vice-versa. The industry term for this concept is “interoperability.” Blockchain interoperability allows a blockchain to communicate with other blockchains.

What is ARK used for?

ARK has several different use-cases. It is used to pay for fees associated with sending transactions, voting for delegates, and mining. A delegate is simply a node on the platform, and users can vote to include or exclude certain nodes depending if they feel they are bad actors (individuals sending fake transactions or large numbers of transactions with the goal of slowing down the network) or not. This is part of their DPoS system (delegated proof of stake) introduced by Bitshares.

How can ARK appreciate in value?

Like most other projects, if Ark gains user adoption, then the price of its native currency should increase. If ARK integrates with other blockchains and developers create applications that can work with ARK, then the increase in demand should increase the price per coin. Additionally, ARK holders are incentivized to stake ARK to participate in the DPoS system, which contributes to scarcity.

What is the difference between ARK and its competitors?

Ultimately, there are no direct competitors to ARK. ARK has a collaborative philosophy while most other chains directly compete.

Ethereum, NEO, EOS and Lisk are the project’s closest competitors since these platforms also attract developers to create dApps. If these protocols prohibit the SmartBridge functionality with ARK, then this cuts off a large source of potential users.

text