Ark ARK / Ark

What Is ARK?

ARK is a cryptocurrency- and blockchain- based development platform allowing anyone to create their own fully customizable and interoperable blockchain. Reducing the industries need for Smart Contracts by using custom transactions, logic and multiple programming languages. ARK was founded in mid 2016, running a Toekn Exchange Campain(TEC) later that year which raised $800K in bitcoin and other exchanged cryptos. Sound financial planning has allowed the team to become a well-funded entity since its inception. On March 21, 2017, the ARK Public Network went live, hosting the native ARK crypto asset. The ARK business entity formed shortly after, called ARK ECOSYSTEM SCIC. The business entity is commonly referred to as 'ARK.io' which is part of the teams branding as well as the teams website.

The ARK Ecosystem consists of an open-source blockchain technology stack authored in TypeScript programming language. ARK’s public network acts as a live implementation of ARK technology, node operators acting as delegates on the network, standalone blockchains running on ARK technology with independent node operators, business entities that develop products powered by ARK as well as assist in maintaining the code base, an enterprise division driving adoption as well as a community of users, developers and service providers.

The ARK Public Network supports special transaction types such as multi-payment, multisignature, many various registration transactions, and IPFS hash transactions. ARK’s Launcher product, allows fully customizable interoperable blockchain creation using a graphical user interface. This plug and play creation method allows developers to fully utilize ARK’s consensus model, technology stack, product line and custom transactions.

What Is ARK Trying To Solve?

ARK aims to solve the difficulty of working with blockchain technology and developing solutions that satisfy various use cases. The ARK Core Framework is designed to give developers easier access to blockchain technology. This framework consists of the ARK Core, which acts as the backbone of an ARK-based network, handling peer-to-peer operations, ledger database management, API access, custom business logic and more. Within the ARK Core Framework is the Generic Transaction Interface (GTI), which enables developers to create custom transaction types that run on a customized blockchain and fulfill the developer's desired use case. The concept is similar to building a decentralized application in Solidity. However, there is no complex new language to learn as the GTI functions in TypeScript.