Ark ARKPrice $ 0.164

Ark Public Network is a versatile platform designed for consumer adoption and interoperability. At the moment, using blockchain technology can require a considerable degree of technical knowledge of complex processes, meaning it is accessible to a relatively small group of individuals and developers who in turn use the blockchain technology for a relatively small number of use cases. ARK seeks to overcome this and encourage widespread use and easy access to blockchain technology, particularly in business environments. The network combines blockchain technology with a simple stack and a user-friendly interface to provide a highly versatile and customizable platform allowing almost any client to use blockchain technology for their specific use cases.

Ark, the company behind the network was founded in mid-2016, and the ARK public network launched in 2017. To power the project the company launched the ARK token (ARK) which can be used to purchase a wide range of ARK-based products and services.

What are ARK’s key features and how does it work?

To facilitate the development of applications and potential use cases Ark has created an ARK blockchain Framework. The framework provides the required tools for businesses to easily build their own modular and fully customizable blockchain. Currently, knowledge of Solidity, a complex programming language, is generally required for developing blockchains, however, Ark’s blockchain framework allows developers to build smart contracts written in TypeScript.

The mainnet is secured by a Delegated Proof of Stake (DPoS) consensus mechanism. This means it uses delegates (block producers) rather than miners to validate transactions and produce new blocks in the blockchain. At the moment there are 51 delegates and blocks are created every 8 seconds. Each forged block creates 2 ARK tokens which are rewarded to the delegates for their work securing the network. Delegates are selected through a voting system in which all ARK holders are entitled to vote. One ARK token entitles a holder to one vote. To encourage voting users are rewarded with further ARK tokens. Tokens used for voting are not locked and can freely be removed from and placed in different voting wallets at any time, for example, if a token holder wishes to alter their vote.

The ARK token aims to be a cheaper and faster store and transfer of value than other cryptocurrencies. The network is multichain compatible and the ARK token can move easily between different blockchain platforms using the ARK SmartBridge. All blockchains built using the ARK Blockchain Framework automatically come with ARK HTLC SmartBridge Technology, meaning they are interoperable.

ARK is entirely open source, meaning it is accessible to anyone around the globe. User activity and contributions to the network are rewarded with ARK tokens.

Where can you buy ARK?

ARK is available to buy from the CEXs and DEXs as listed here. It is listed on some of the major exchanges including Binance and OKX. The price of ARK will vary depending on the exchange. The price is also likely to fluctuate based on current market interest. For more detailed price information on ARK please refer to the price charts above.