ARK is an ambitious project that looks to create a bridge between all previously incompatible blockchain networks. The end goal is to become the “internet of blockchains”. ARK creates sandbox environments where users can deploy their own blockchain, a simple clone of Ark, in just a few steps.
The blockchain ecosystem is growing at an exponential rate. Each new protocol creates a new small and isolated island. Users are forced into these islands without any means of connecting to others nearby. Picturing a future where a company is required to have fifty or even a hundred different blockchain specific applications is overwhelming. It is unfeasible for adoption if more islands are being created, forcing users to choose and suffer from the isolation with no bridge connecting them. The ARK team is attempting to be that bridge builder.
Using a new technology called SmartBridges, ARK creates a system of interconnected blockchains. The ARK token is the tool that facilitates the transactions across the islands. If a user wants to interact with an Ethereum smart contract but only holds ARK, they would transfer their instructions through SmartBridges using the ARK token. The Ethereum contract is then triggered.
Example use case by ARK: “If you wanted to trigger an ETH smart contract but hold ark, you could just send the instructions through ark SmartBridge, right in the wallet to trigger the event. The code embedded in the ETH chain is always listening for an ark SmartBridge transaction and will collect this info and trigger the function to issue a contract.”
ARK’s network is secured using a unique type of a Delegated Proof of Stake (DPoS) consensus algorithm. Voting is weighted across all votes instead of pinning all of the weight to each vote at one-hundred percent. This creates a more democratic consensus system with quick transaction times. With ARK, there are 51 of these delegates that decide blocks. ARK holders can then allocate their coin to “vote” for one of these delegates within their wallets.
The biggest criticism most often heard about ARK is that the project is too ambitious. Implementing all of these solutions together is exponentially more difficult than building its own island. As difficult as the vision is, bringing simplicity to this ever changing and complex marketplace will lead to adoption of blockchain technology.