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When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Ark.
Ark is creating a sandbox ecosystem where businesses can create their own blockchain in just a few clicks from a clone of the ARK blockchain. The company wants to create a system of linked blockchains that can communicate with each other.
Ark plans to stimulate cryptocurrency mass adoption by offering multiple consumer tools like a card network, game tokens, anonymous transactions, multi-signature accounts, and others. Therefore, the company is focusing heavily on providing a good user experience and incorporating as many coding languages as possible. More features and tools are being added as the blockchain develops.
Instead of validating transactions with the controversial Proof-of-Work consensus algorithm, this blockchain uses Delegated Proof-of-Stake (DPoS) with 51 delegates. This enables users to stake their coins with these delegates and earn some returns over time. Each delegate receives 2 ARK for every forged bloc. As a result, in a system where blocks are forged every 8 seconds, delegates may receive up to 200 ARK everyday.
Ark offers Blockchain-as-a-Service (BaaS) with its SmartBridge product. Similar to atomic swaps in which blockchains that use the same protocol can trade with each other, SmartBridge allows communication between two blockchains. However, it claims to not require the blockchains to be running on the same protocol. Conclusively, this means that the essence of ARK is to interconnect two disparate blockchains with the feature to trigger events on both chains respectively.
If you have concluded that this is the coin for you, congratulations! Buy Ark here.