The "Ark" "cryptocurrency" system is designed to be an "Internet of Blockchain" technologies, all accessible from a central core system.
Ultimately, the "Ark" project has been created to...
After the implementation of these technologies into the ARK Core through bridged
blockchains (ARK SmartBridge), the ARK Crew uses these connections and
multipurpose data fields to construct new features and provide valuable services to
the average consumer.
You're able to view their white paper here: https://ark.io/Whitepaper.pdf
As ever, I are not regulated to give financial advice, so please consider everything contained within this article for education and entertainment purposes only.
Overview
The "ARK" system was created with a number of stipulations.
Whilst these can be found in its whitepaper / documentation, the underlying principles for the system are as follows:
⦁ ARK VM (Virtual Machine)
Much like Ethereum's "virtual machine", the ARK VM has been designed to provide processing support for "smart contracts". This is how the Ark network will basically manage transactions (which can come through different "crypto" currencies).
⦁ ARK Smartbridge
This is the crux of the system - the ability to create / manage / execute transactions between different cryptocurrencies. If you have a system working in Ethereum, you'd be able to use it with "Bitcoin" and vice-versa. This is actually the most exciting part of the whole thing.
Market cap: $465m
Price: $4.35
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The "ARK" system has been built around "smart bridge" functionality - a tool designed to bring different levels of the "blockchain" infrastructure together under one platform.
The most important thing to consider here is what role it plays in the "cryptocurrency" landscape. Bitcoin obviously wanted to rid the world of "fiat" currency (all the paper money controlled by governments and regulators); Ethereum wanted to build autonomous decentralized organizations... but what does ARK do?
The system's main benefit is to bring multiple types of "blockchain"
Founded in 2017, it quickly grew due to initial demand.
Should You Buy?
Ultimately, YES
That is if you are behind the idea and willing to stick this one out for a bit
Thus, in order to verify the way in which the system is able to fit into the world, you need to consider several factors:
⦁ Strong Management Team
The team responsible for the system are, by all accounts, highly proficient and capable.
There are currently 15 members of the "core" development team, who are from 11 different countries.
The reason this is important is not the team itself but the idea that the system has a central committee able to determine the future of the system and manage upgrades etc. This is staunchly different from the likes of "Bitcoin", whose lack of central management team has left it woefully exposed to potential issues - most notably the "processing time" issue.
⦁ Wide Scope
The system has a VERY wide scope.
Unlike IOTA or Ethereum, which are both quite narrowly defined, ARK's scope is vast.
⦁ Extensible System
Lastly, the system itself is highly extensible.
This means that if you're trying to develop applications, or have some sort of integration, the system will be able to handle it all properly for you.
Are any of you invested in Ark?
What are your opinions?
Please follow, upvote and leave a comment :)
