Ark (ARK) Price

What is ARK?

ARK is a cryptocurrency that aims to bridge the gap between blockchains and increase cryptocurrency mass adoption by consumers. The user-friendly platform is built on top of secured blockchain. ARK platform uses its own SmartBridge technology to connect blockchains of every cryptocurrency. Hence, ARK is more of an ecosystem than just a cryptocurrency.

History of ARK

ARK was founded a the end of 2016 by 27 individuals from across the globe. Currently ARK has about 15 core team members.

Features of ARK

SmartBridge: SmartBrige is ARK’s own technology that is used to increase interoperability between of various blockchains. It helps enables blockchains to communicate with each other. The technology adds a code into the core of blockchains like Bitcoin or Ethereum in order to connect them with Ark.

Delegated Proof of Stake (DPoS): ARK uses DPoS consensus mechanism that is made up of 51 delegates. It was designed to eliminate the issues like heavy computing power that is associated with Proof of Work (PoW). In order to choose delegates, DPoS runs on a real-time voting mechanism.

Speed: ARK makes it possible to transact money at a faster pace with security as it has 8 second block time.

In addition to the aforementioned features, ARK has a number of advantages like high protection level, decentralization and anonymity, decent reliability level and the universality of its currency. ARK works on developing new tools for developing its platform.

Where to buy ARK?

The market capitalisation of ARK as of April 2018 is $270,275,878. ARK tokens are available for trade on various exchanges including Bittrex, LiveCoin, Upbit, OKEx, Bit-Z, Abucoins, Godex,

Coinswitch, Cryptomate, Binance, and others.

ARK Mining

ARK cannot be mined as it uses DPoS in order to produce blocks to the blockchain.

ARK Price Trends

DateOpenHighLowCloseVolumeMarket Cap
5/30/20182.382.472.322.36244577000978917
5/29/20182.142.392.132.37219824000916575
5/28/20182.332.342.132.14239363000990033
5/27/20182.392.392.312.33245850000692041
5/26/20182.432.522.372.38250220000690030
5/25/20182.52.542.392.442569190001648810
5/24/20182.452.582.362.492521530001163500
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ARK Wallet

ARK tokens can be stored in its own desktop, paper and mobile wallets (Android, iOS). The latest version of the ARK desktop wallet can be downloaded from ARK’s official GitHub repository.

Risks associated with investing in ARK

Being a digital platform, cryptocurrencies are prone to hacking. Moreover, the cryptocurrency market is volatile and involves enough risks hence, it is important to note that you should conduct detailed research before investing in them. Investing in instead mutual funds is a safer option to multiply your hard earned cash.

Disclaimer:

"The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.

A&A Dukaan Financial Service Private Limited (“BankBazaar”) does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."

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