ARK Altcoin purchase is my first step for 2018, as I use the first six months of 2018 to acquire some high quality ‘proof of stake’ (PoS) altcoins that will increase in value and pay a passive income in the process.
What is ARK?
ARK is delegated proof of stake coin with an amazing vision and great potential.
ARK is number 50 in terms of market capitilisation and has been at or just above $10AUD for a while, so is a credible cryptocurrency, definitely not a shitcoin. Therefore ARK clears our first hurdle of not being a speculative currency, simply based on hype.
In their own words ARK says, "We aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need."
So ARK is essentially an all in one blockchain solution, which has resulted in it being engaged in a number of projects.
Bridging the various blockchain is a the 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.
ARK also has a hyper media protocol platform (hpp) platform that is aimed at allowing you to host large media on the blockchain. The potential here is to revolutionise how we store and view videos, providing the potential to challenge YouTube and similar services.
We can see that ARK is completely consumer focussed. Focusing on the consumer base is so important at a time when so many cryptocurrencies are dealing exclusively with enterprises.
So ARK are doing many things. Some see this as a negative. The way I look at it, if ARK only succeed in some of their projects it will but them way ahead of the field.
Check out ARK's projects and monitor their progress on the road map on their excellent website.
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 gies one great confidence. François-Xavier Thoorens, formerly of Lisk heads up this talented team.
Awesome is the best way to describe the ARK Desktop Wallet. It has been built for all major Operating Systems. Our full HD wallet meets the top security standards in the industry and supports the Ledger Nano S secure hardware wallet. ARK wallets connect to fully synced network peers removing the need to download the full blockchain. With the ARK wallet you are up and running as soon as it’s installed, no more syncing! And, with 8 second block times you can actually see your transactions occur in real time! No more checking in every 30 minutes to see if your transactions were confirmed.
They have a good team and a good project and they have things that can really make a difference in the world.
ARK , Steemit
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.