Review on Ark by Arun Kaul

Name: Ark
Item: Ark
Rating: 4

June 17, 2019

All-in-One Blockchain Solutions - Ark

Ark is decentralized blockchain providing developers, users, and businesses the optionality to work on different blockchains but together. 
Of course, the goal is to offer accessible, fast and secure technology incorporated in a miscellaneous manner by different businesses. 
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Ark cryptocurrency is one of the first cryptocurrencies which officially registered themselves, the project is situated in France and it’s obeying the French legal system. 
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Everything around the project is transparent and clear. The Development team consists of 27 specialists of blockchain technology. Many of them previously participated in other projects, for example, the leading programmer of Lisk – Francois Xavier. From a development perspective, they are working on a desktop wallet version to which was expected in 2018.
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In the face of the development team, we see a group of specialists strongly dedicated to the project with an ambition to lead it to its bright future. The main goals are many but for now, they are looking to expand and pair with other currencies and fiat ones too.
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The Ark blockchain presents one decentralized peer-to-peer network with modified Delegated-Proof-Of-Stake consensus. Meaning that the selected 51 delegates are trusted to run the network and in exchange, they receive block rewards. 
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Pros

Speed – The Ark cryptocurrency has one of the fastest networks currently operating worldwide. With only 8 seconds block time it runs smoothly and efficiently.
SmartBridges and Encoded Listeners – These two are bringing Ark to another level of greatness by offering the ability to connect independent blockchains.

Cons

Roadmap – The lack of timescales in the evolution process is something that could concern you. Currently, a lot of details are missing regarding the timely manner of the expected changes.
Promotes holding instead of spending – In long terms, this could be a problem because the coin promotes holding the coins instead of spending them which is great for the investors, but it could eventually end up badly.