The Ark ecosystem allows for blockchain interoperability through a direct message system, allowing data and information to be sent back and forth through a technology known as “Smartbridge”. Originally a fork of the LISK blockchain, Ark also allows users to create a new blockchain and token with the click of a button through copying the Ark blockchain and given a variety of coding languages to choose from.
A delegated proof-of-stake (dPOS) consensus model gives all ARK token holders a proportional stake in the network decision-making processes. Ark accounts vote for delegates which are allowed to create new blocks when they obtain the most votes, and obtains a reward for doing so which it can choose to share with voters. The native ARK token is used to power the Ark blockchain for the creation of new blockchains and smart contracts.
A few interesting facts about ARK:
- Ark raised about $1 million during its ICO in November, 2016;
- All 125 million ARK coins were seeded in the genesis block;
- The price of ARK rose over 26,100% during the period March 22, 2017 to December 31, 2017, going from $0.03 to $7.88 over that time.