It’s been eleven years since Satoshi Nakamoto introduced blockchain technology to the world through white paper called “Bitcoin: A Peer-to-Peer Electronic Cash System.”
Since then, blockchain technology has found various uses, beyond cryptocurrencies. It’s used to improve industries such as logistics, education, supply chain, etc.
However, one thing hasn’t changed: blockchain’s complexity. Implementing the technology is hard and it often requires special skills.
ARK, a blockchain platform, is trying to change that. How? By making blockchain technology easily accessible to anyone interested in working with it. This includes developers, regular users, businesses, and governments.
ARK – a bridge between blockchain and the world
The main idea behind ARK is to create a bridge between different blockchain networks. This way the network could be used simultaneously, without having to trade coins to access different networks such as bitcoin and Ethereum.
The thing is that without platforms such as ARK, coins like bitcoin and Ethereum are incompatible on the same blockchain, since their technologies aren’t the same.
By using SmartBridges, ARK can make them interoperable.
Also, the platform enables anyone, even those without technical backgrounds, to quickly and easily use blockchain technology and build projects and ideas.
ARK has several features that make it superior to bitcoin and Ethereum. First, it’s the speed. On the blockchain, the transactions are processed with eight-second block times, which is way ahead of bitcoin’s and Ethereum’s speed.
In addition, it’s more scalable. For instance, if more transactions are occurring per second, the processing speed is still very fast.
And finally, ARK has a more decentralized voting system. To achieve this, the platform uses the Delegated Proof of Stake consensus model (DPoS) and Practical Byzantine Fault Tolerance (PBFT).
ARK has some big plans for the future. According to its Development Roadmap, the team is working on ARK Core version 2.6, which will bring new transaction types and functionalities to the network.
The team is also working on developing Mobile Wallet v2.0, which will be more user-friendly and have better Bridgechain support.
Good luck with that, ARK!
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