What is Ark?
ARK is a cryptocurrency and blockchain-based development platform that enables anyone to create their own fully customizable and interoperable blockchain. The platform aims to reduce the need for Smart Contracts by using custom transactions, logic, and multiple programming languages. ARK was founded in mid-2016, and after a successful initial coin offering (ICO) that raised $800k, the ARK Public Network went live on March 21, 2017. The ARK ecosystem consists of an open-source blockchain technology stack written in TypeScript, a public network, standalone blockchains, a business entity that develops products powered by ARK, an enterprise division driving adoption, and 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. The ARK Deployer product allows for customizable and interoperable blockchain creation using a graphical user interface. This allows developers to utilize ARK's consensus model, technology stack, product line, and custom transactions to create their own decentralized applications.
ARK aims to solve the difficulty of working with blockchain technology and developing solutions that satisfy various use cases. The ARK Core Framework is designed to make it easier for developers to access blockchain technology. This framework consists of the ARK Core, which acts as the backbone of an ARK-based network, handling peer-to-peer operations, ledger database management, API access, custom business logic, and more.
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