Ark
Ark
Token: ARK


The Ark project aims to make cryptocurrency adoption mainstream as quickly as possible.

ICO dates
Start date: 2016-11-07
End date: 2016-12-12

Registrated in: United States

Platform: Blockchain

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The ARK Crew
ARK Whitepaper v.1.0.3
Table Of Contents
Overview

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Purpose of this Whitepaper

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Why?

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ARK

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ARK IS…

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The ARK Crew
ARK Whitepaper v.1.0.3
Overview
Bitcoin

[1]
brought us the blockchain. Ethereum brought us smart contracts. Altcoins
brought us their unique features. So where are the services for the ordinary
consumer instead of only speculative instruments for the trader?
We all know the fanciest and flashy blockchain technologies bring in big money.
However, is this all cryptocurrency is? A one trick pony designed for investors? ARK
Crew does not think so.
Instead of relying on highly hyped cryptocurrency features without future revenue
potential, ARK Crew researches the best blockchain technologies under
development to expand the range of services ARK can provide. After the
implementation of these technologies into the ARK Core through bridged
blockchains (ARK SmartBridge), the ARK Crew uses these connections and
multipurpose data fields to construct new features and provide valuable services to
the average consumer.
Examples of technologies th...

The ARK Crew
ARK Whitepaper v.1.0.3
Purpose of this Whitepaper
This document provides a written outline of how we envision the ARK Ecosystem to
grow, technical aspects of our blockchain and a basic overview of our roadmap.
The original funding for this project raised through an exchange of seeded ARK
tokens for alternative cryptocurrencies

is dedicated to further development of the
ARK Core and build use cases to surround it. A general overview of the initial
commitment is provided for distribution to participants of the ARK Token Exchange
Campaign (ARK-TEC).
Why?
Real consumer adoption benefits us all, the entire cryptocurrency economy and
every real world user.
ARK
ARK is

NOT
just a cryptocurrency - it is an ecosystem meant for cryptocurrency mass
adoption. By building the ARK platform on top of a highly secure core blockchain,
integrating key decentralized technologies, and developing use cases to show off
the abili...

The ARK Crew
ARK Whitepaper v.1.0.3
voting system and incorporates many improvements over previous DPoS
implementations.
-
A Set of Bridged Blockchains through SmartBridge

- To increase the reach of
the ARK platform, ARK bridges together useful and proprietary blockchains
through the use of ARK SmartBridges. These SmartBridges allow for
communication among validated bridged blockchains with the ability to
perform tasks and advanced functions. Through the use of SmartBridges, the
ARK Crew is able to connect many popular blockchains and finally create a
unifying bond among different ecosystems. As examples, the first blockchains
the ARK Crew will bridge are: Bitcoin, Ethereum, Lisk, 3rd Party Anonymous
Network Integration, one or more proprietary gaming economy tokens
(Codename: A***** [Ticker: A***]), and numerous other bridges connecting new
and already existing blockchains in the future.
-
Security -

Because we understand s...

The ARK Crew
ARK Whitepaper v.1.0.3
ARK: Technical Details
This section outlines the technical aspects of the ARK Blockchain.
ARK is a Cryptocurrency Blockchain built as a derivative from Lisk, Crypti, and
BitShares with unique differences and improvements to the Delegated Proof of
Stake consensus algorithm. This code association provides simplified future
interaction between ARK and other blockchain systems using DPoS as their
consensus. This homogenous codebase allows for the potential to provide service
bridges in the form of Lisk blockchain apps, along with any other additional systems
provided by their Blockchain administrators.
Delegated Proof of Stake

[2]
Ark uses the Delegated Proof of Stake (DPoS) consensus system that was first
introduced by BitShares. This consensus algorithm was designed to eliminate the
6
...

The ARK Crew
ARK Whitepaper v.1.0.3
issues associated with Proof of Work (PoW), namely the centralization of computing
power and the exponentially increasing waste of real world energy. While not
completely decentralized as it relies on consensus by a fixed number of elected
delegates, it guarantees a better decentralization than Bitcoin. The consensus
algorithm implementation is improved over time, evolving into an optimal
consensus system.
The technical description of the ARK blockchain is as follows:
- DPoS (Delegated Proof of Stake)
- 51 active forging Delegates
- Delegates selected by vote mechanism built into DPoS
- 125 Million ARK - Seeded Genesis Block
- Multi-signature accounts
- Constant block reward
- 2 $
Ѧ per block
- Inflation Rate (with 8s block times)
- 6.31% for the first year
- 5.93% the 2nd year
- 4.02% the 10th year
Inflation rate over time (Ethereum and Lisk for comparison)
- 8-second block time
7
...

The ARK Crew
ARK Whitepaper v.1.0.3
- Decreased block time possible with future upgrades to the core.
- 25 transactions per block
- Increased via soft fork as needed.
- Routing tables
- SmartBridge data field for custom use and bridging blockchains
The ARK network usage scales up to the level of Major Credit Card networks through
potential core upgrades, for example:
- Increasing the number of Forging Delegates
- Increasing the Block Size to include more transactions
- Implementation of pre-approval PBFT block concept testnet [codename:
TwinChain]
- Routing tables, to minimize hops among nodes when blocks are broadcast
- Include forging with ARK Uncles.
Two versions of the node software is used to run ARK Core.
- Relay nodes - Nodes with full API functionality, acting as a backend for the
feature rich lite clients. Relay nodes do not collect any transaction fee and do
not have the ability to Forge ARK Blocks.
- Forging nodes - Nodes with reduced API ...

The ARK Crew
ARK Whitepaper v.1.0.3
- Transaction 0.1
Ѧ
- Vote 1
Ѧ (51 votes per transaction)
- Second Signature 1
Ѧ
- Multi Signature 1
Ѧ per signature + 1
Ѧ per signing account
- Registering a delegate 25
Ѧ
.
All fees are paid to the forging node which processes the block containing those
fees.
ARK Delegates and Delegate Voting
Any node running the core blockchain code wishing to become a forging node must
register their account within the ARK network. The fee for this registration is set to
25
Ѧ per delegate account registered.
ARK incorporates a new DPoS voting system originally envisioned by the Crypti
Founders. The ARK system fee is 1
Ѧ
per delegate vote. The voting weight of each
wallet will be split evenly between all delegates voted.
​ ​ ​
For example:
- If a wallet votes for one delegate, that delegate receives 100% of the wallets
voting weight.
- If...