ARK’s digital coin is based on the SmartBridge Technology every coin becomes even more powerful, every app produced on any blockchain has the potential to reach a greater audience and even bitcoin can gain the functionality of every altcoin through a simple blockchain token called ARK. Ark alos considers themselves as a brand which particularly focuses on consumer adoption. ARK has attempted to bring the SmartBridge technology to life, which makes them unique. It’s basically a technology that links blockchains together. For example, Ethereum with Steem, Steem with Bitshares and so on.
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It has a decent transaction speed (around 8 seconds) and staking is also allowed. Staking basically means that we can generate more coins than we have. Like other cryptos, Ark is also decentralized and the voting weigh of Ark is divided across all votes. For additional protection, it also has an ArkSheild program added to it.
With their own promised ecosystem, we can ensure having their own physical card system that we can use in malls and restaurants. So it can be considered best in my opinion. It had a steady growth from $3 to $9 recently which is quite impressive however right now the market is plummeting, the price of ARK is going down as well.
Ark is also working for optional privacy which may compete with Monero and also a storage function which might give a good competition to Siacoin and Story.
Ark’s digital coin’s SmartBridge communicates between the blockchains using a special data section called Vendor Fields and special Encoded Listener nodes that comb through this data for tasks that it can perform.
For the Ark digital coin to become the medium/intermediary between chains, each chain needs a small snippet of code implemented. It is very easy to insert and not harmful to any blockchain, current or otherwise. Once this tiny code is inserted into the core code of any blockchain, that’s it. Now that blockchain is connected to ARK. We make it painless and extremely simple to implement, and will provide very easy to follow instructions with 24/7 support via slack chat.