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