Review on Ark by Jesmin Akter

With SmartBridges, ARK is a decentralized ecosystem that bridges the gap between various blockchain technologies and produces a hybrid blockchain. ARK is an open-source project with no central authority. ARK is influenced by projects like as Crypti and BitShares, but it differs from them in that it incorporates unique modifications and improves the DPoS consensus method, among other things. The primary aim of ARK is to develop an environment that is specifically intended to facilitate the widespread adoption of cryptocurrencies by consumers. As part of its mission to accomplish this objective, ARK has integrated essential technologies and developed a platform built on top of a highly secure blockchain. This digital asset is more than just a coin; it is also a secure blockchain network that operates on the Delegated Proof-of-Stake consensus algorithm. The network facilitates ARK mining via the use of 51 delegates, who are in charge of maintaining the network and verifying transactions. As a block reward, these delegates are each awarded two new ARK tokens.



To do this, the team behind ARK has concentrated on two key areas: developing a fast and secure core technology as well as providing actual services to real people in the real world. In order to expand the scope of the ARK platform, ARK SmartBridges are being built to link various proprietary blockchains. These SmartBridges enable blockchains to interact with one another and to execute sophisticated functions and activities. They are used to link blockchains together. Delegated Proof-of-Stake consensus is used by ARK, which was first presented by BitShare and has now gained widespread use. ARK DPoS is supported by 51 nodes or delegates, who are responsible for tasks like as managing the ARK Network and verifying transactions. A voting mechanism is used to choose these delegates, and everyone who has an ARK token is eligible to vote.



When we take a look at the statistics of ARK, we can see that it has done quite well. There has been a significant increase in its price since the beginning of 2011. Although, starting of June 2011, the price of ARK has decreased. ARK has secured several significant collaborations. It has also been covered by a number of news organizations. It is planned for ARK to create a number of blockchain-integrated services that will aid the company in the development of additional income streams, including video streaming services, a digital collectable card game, a community sales platform, and so on.