ARK Coin Review
ARK is delegated proof of stake coin with an amazing vision and great potential.
ARK is one of the first blockchain projects to incorporate in the European Union. It has been envisioned as an ecosystem from its very beginning. The 26 founders, from over a dozen nationalities, believe in decentralized blockchain technology — working toward a global and inclusive community.
Bridging the various blockchain is an overarching project for ARK. This involves ‘smart bridging’ to bring together various types of cryptocurrencies. The end goal is an interconnected ecosystem, a web of blockchains. This is a bold vision to connect the blockchains of every single cryptocurrency in existence.
The ability to connect ‘every coin of every currency’ is a big big prospect, but the vision is a grand one which has strong support. The apps produced within any blockchain will have the potential to reach a greater audience.
It is very fast and in terms of scalability you simply cannot go past it. The blazing fast transaction time of ARK earns a very big tick from me. Faster than Ripple and others, ARK’s speed is a considerable advantage for ARK as well as users and consumers.
In terms of Governance, ARK again leads the way. ARK operates on forging that is facilitated by decentralise proof of stake system.
The team ARK have assembled is experienced and gives one great confidence. François-Xavier Thoorens, formerly of Lisk heads up this talented team. Take a look at their website https://ark.io
The Ark community is pretty amazing, the slack is buzzing with chatter and talks and there is very open communication about other projects. In fact the Ark team host AMAs in the Slack on a weekly basis, it’s certainly agnostic and the community recognizes the importance of many projects working together to improve the industry. I highly recommend checking out the slack if you get the chance and the Reddit is also following a similar suit with more activity than ever.
I feel that the community can be a big reason to invest, the more loyal following, the better the chances of long term holders which makes investing a much more reliable and secure hold. With a larger community, there will be less weak hands and those who believe in the long term vision of the project will help and participate in the ecosystem much more than coins which solely facilitate pump and dump action.
This ARC Coin Review does not have time to explain all the features of Ark so their road map is a very good visit if you want to know more. Other features that I am looking forward to are one click blockchains which will allow users to clone the blockchain in a click of a button to start their own project as well as NFC/RFID readers and Ark smart cards.
If we look at the price of Ark currently, it sits roughly at $10 at the time of this writing. I see the coin reaching the heights of $50 in the next year with exponential growth after this as the coin picks up use cases thanks to the ArkVM and SmartBridge adoption and because of DPOS, many investors will stay for the passive income garnered by voting rewards which helps increase the sustainability of the ecosystem.
This is my opinion based on my research. I am not a financial adviser and always encourage people to do their own independent research before investing.