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10 Karma

Review on Ark by Aleksandr Krylov

Revainrating 5 out of 5

Ark is a great project, with a great team. It's one of the foremost players in…

Ark is a great project, with a great team. It's one of the foremost players in the interoperability sub-industry, with a solid product and an ambitious schedule ahead of the Ark team.
Ark Core v2.0, if implemented correctly, along with it's innovative blockchain creation system will make Ark a strong competitor in cryptocurrency market.
I believe that this project has a great future. I'm going to invest in it.



Pros
  • 1. Delegated-proof-of-stake (DPOS) blockchain. Ark has recently integrated their DPOS system with the Ledger Nano, allowing for users to keep their funds under lock and key while still gaining rewards. 2. Connecting blockchains through so-called, ‘smartbridges’. 3. Team has delivered, quickly achieving and bypassing goals on roadmap 4. Blockchain creation system, which is currently in the works, with the system, users should be able to create their own blockchains based on the Ark mainnet. Currently users can create their own Ark-based chain, but the Ark team is reportedly creating an easy-to-use UI for the creation of user's own chain. 5. Blockchain creation system should allow for users to create chains for their own products and businesses, in a manner that doesn’t require over-extensive testing or funding and even with minimal technical skills. 6. Ark’s core team is currently consist of seven-teen hard-working and passionate individuals, with 11 holding co-founder roles. Seeing such a large group of individuals stay a part of the project for such a long time shows how much potential this project has. 7. Ark Core v2.0 - monumental update for Ark, it's a total overhaul of the old version. V2.0 includes a dynamic fee structure, an increase in transaction throughput along with support for multisignature wallets, cheaper transactions along with support for the upcoming VM feature, it's expected to be released by the end of 2018. 8. The ARK developers were very clear in their intention to allow development in as many coding languages as possible, thus including as many software developers as possible. 9. Ark fees are planned to be reduced with the next Ark Core v. 2.0 update, and will then be just 0.01 ARK as a network fee for sending, 0.02 ARK for voting on a delegate, and 10 ARK to register as a delegate.
Cons
  • Nothing to write about.

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