What is an arc? Ark (ARK) is a blockchain development platform where anyone can create a fully customizable and interoperable blockchain. In this article Kriptokoin.com we will try to answer the question “What is Ark”. We will review the project and try to answer any questions you may have about the project.
What is an arc?
The platform was established in 2016. It is a decentralized ecosystem designed to increase user adoption of blockchain technology. Building a blockchain is very difficult, especially for beginners. However, Ark makes it easy to create blockchain by reducing the need for smart contracts and using multiple programming languages.
The arc is mined using the Delegated Proof of Stake (DPoS) consensus. Token holders choose 51 delegates from among hundreds of delegates. Token holders can vote for only one delegate at a time. However, the voting fee has been determined as 1 ARK. Delegates often share profits from rewards when they add new blocks. Each delegate receives 2 ARKs to add each block. In addition, a block is created every 8 seconds. Moreover, this 8-second block time puts the project ahead of many blockchain projects. In addition, transaction costs on the platform are determined by the delegates. Transaction fees increase as network traffic increases.
What are the features of Ark?
- Open Source: Ark is a fully open source project that allows anyone to contribute.
- Modular Architecture: Ark Blockchain Framework architecture is fully modular. In other words, users can make customizations according to the needs of their applications.
- Ark Logic – Custom Smart Contracts: Ark Logic allows the creation of custom smart transactions that enable applications to implement their own smart contracts.
- Ark HTLC Smart Bridge: This smart bridge allows the exchange of value and data between blockchains using Ark’s “Hasted Time Lock Contracts” logic.
What is the total supply and current price of the Ark?
According to Coinecko data, the total supply of Ark is unknown. But the circulating supply is 165,182,980 ARK. However, at the time of this writing, the project has a market value of $83,084,844, with a 24-hour trading volume of $4,195,214. The Ark cryptocurrency is currently traded on exchanges at $0.512270. However, in January 2018, it broke the $10 level and reached as high as $10.22, breaking its own price record.
What is an arc? How to take
Ark is a project that is traded on many major stock exchanges. Users who want to invest in Ark should open an account on one of the exchanges where the project is traded. Some of the exchanges where Ark is currently traded are as follows: Binance, Bittrex, ProBit Global, MEXC, OKX, Upbit and Coin Ex. Investors can open an account in one of the exchanges listed above, transfer USDT, BTC or ETH to their wallets, and choose one of the listed transactions and buy Ark.
