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 an ICO later that year which raised $800k. The team claims that sound financial planning has allowed ARK 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, ARK ECOSYSTEM SCIC, was formed shortly thereafter. The business entity is commonly referred to as 'ARK.io' which is part of the team's branding and 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 act as delegates on the network-
Standalone blockchains run on ARK technology with independent node operators
A business entity that develops products powered by ARK and assists in maintaining the code base
An enterprise division driving adoption
A community of users, developers and service providers.
The ARK Public Network supports special transaction types such as multipayment, multisignature, various registration transactions, and IPFS hash transactions. ARK’s Deployer product allows customizable interoperable blockchain creation using a graphical user interface. This plug and play creation method allows developers to utilize ARK’s consensus model, technology stack, product line, and custom transactions.
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