ARK Major Platform Upgrade Boosts Fundamentals
ARK Developer Behavior has climbed 4.68% over the past month, driving FCAS up 42-points (7.28%). Price has remained steady over the same time frame.
What is ARK?
The Ark platform enables users to create their own blockchain in just a few clicks. The project offers a wide array of tools and services, as well as 24/7 online support, to make it easy for enterprises and developers to deploy their own decentralized applications, or fork from the Ark blockchain to customize their own bridgechain. Highly adaptable according to specific needs, bridgechains enable users to exchange data, expand business models, and develop their own use cases.
ARK is the native cryptocurrency of the Ark network, which is mined through a Delegated Proof of Stake (DPoS) consensus. The team’s Smart Bridge Technology also uses the ARK token to interconnect different blockchains, allowing users to pass data or exchange currencies (both fiat and crypto). This makes it easy to operate smart contracts across multiple platforms, meaning that an event happening on the Ark platform could trigger a transaction to happen on Ethereum for example.
A Community-Wide Effort
Ark Developer Behavior has climbed 40-points (4.68%) this past month, driving FCAS up 42-points (7.28%). Market Maturity has also gone up 16-points (2.58%) in the same time frame.
The Ark team has been hard at work since the release of their Core v2.6 upgrade on February 12th. This update brought in numerous improvements and new transaction types (i.e. the ability to send ARK to multiple addresses in a single transaction) that were essential for Core v3.0 to follow.
On February 13th, the team made the Arc Core v3.0 Codebase public, encouraging the community’s contribution to the development of the platform’s architecture. Core v3.0 itself improves the quality of codebase and makes it easier for developers to jump in and test their own applications, independent of the core architecture.
Our Hot Take
Driving a complex idea like blockchain technology towards mass adoption requires guidance and examples, something the Ark team has mastered. While Ark’s initial infrastructure resembled that of other projects who also provide developer tools (such as Lisk and Bitshares), the revamped code base and system improvements that came with v2 took it a step further, by making blockchain palatable for both developers and users.
The instant blockchain-in-a-box solution that Ark puts forth goes beyond the blockchain-as-a-service concept offered by companies such as IBM, Microsoft and Amazon, and offers a plugin architecture and template system that promises the same utility as WordPress. If the team continues to accomplish everything on their audacious roadmap, there’s no doubt that this ecosystem could be one of the most influential catalysts of blockchain technology adoption.
