Review on Ark by francis fernandez
ARK: a collateral multi-network for mass use
ARK is a digital currency that was present in the competitive crypto market in March 2017 with a maximum limit of 136,220,676 ARKs.
The developers of ARK, more than a virtual currency, designed a blockchain platform for mass use where users, programmers and technology companies (startups) converge.
Without a doubt, ARK's mission goes beyond being just a payment instrument; Its objective is to become the main blockchain for interconnection with side blockchains through the use of a combined IP infrastructure that acts as a bridge.
Due to the flexibility that side blockchains give to the ARK ecosystem; this platform becomes a highly scalable network; which in turn gives you speed in your operations.
The advantage that ARK offers both users and developers is the possibility of creating decentralized applications from its main blockchain; without having to design software from scratch.
The work scheme of the ARK platform is fully participatory and decentralized; where experts and professionals from all over the world converge. Currently his team is made up of 19 members from more than 11 countries.
ARK's protocol design facilitates its performance as a network of interconnected blockchains that allow multiple operations in a fast, reliable and secure way to be used massively.
What makes ARK different?
ARK taking as a reference the technology implemented by other blockchains on the market such as Bitshares, Lisk and Crypti; made improvements to the Delegated Proof of Stake (DPOS) consensus algorithm to make the platform work optimally and can interact with blockchains that have this same consensus protocol.
How is ARK mining?
ARK is mineable. To start the ARK mining process, you need to open a wallet to store your coins. Within the ARK ecosystem the blocks are generated every 8 seconds; that is why the user receives his coins in real time in his wallet.
By having the ARKs stored in the general ledger, the owner has the advantage of being able to integrate the delegation committee that validates the transactions and obtain income from it.
ARK has its own wallet for Android and iOS devices. It also offers downloadable versions with operating systems: Linux, Apple, Windows. It also offers the Ledger Nano S cold wallet option.
ARks can also be purchased on some cryptocurrency exchanges such as: Binance, Bittrex, among others. It is important to note that it cannot be converted into FIAT money but into ETH, BTC and USDT cryptocurrencies
Pros
- Due to its blockchain compatible with sidechains; it is a scalable, fast and flexible platform.
- It is an interoperable platform thanks to its bridge protocol infrastructure.
- It serves as an initial tool for both users and developers to create their own decentralized applications.
Cons
- Cannot be exchanged for fiat currency; only for cryptocurrencies.
