ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology. Our whitepaper will identify the well known problems within the blockchain industry and illustrate how ARK technology solves them. In this current landscape of hype and empty promises, ARK acts as a beacon for individuals, enterprises, and communities who wish to make a real difference and apply blockchain technology to reach their individual goals as well as improve society. ARK offers a technology stack, unique in its simplicity, to create and deploy standalone blockchains for any use case. These newly created blockchains will have the ability to interoperate through ARK SmartBridge Technology. ARK is also turning Smart Contracts on their head with what is called ARK Logic, a collection of tools including custom transaction types, templates, and plugins. This brings decentralized computing and workflows into a more secure, adaptable, and scalable environment. Most importantly, the ARK Ecosystem fosters a growing international community of developers, node operators, blockchains, businesses, and enthusiasts, breathing life into this breakthrough technology.
Introduction
1.1 State of the Industry
We are ten years into the decentralization revolution, since the publication of Satoshi Nakamoto’s paper and the introduction of the first decentralized solution to solve the problem of double spending in digital networks [1]. Currently, we are moving through the phase of disillusionment where interest wanes as experiments and implementations fail to deliver. Producers of the technology either succeed or give up. Blockchain projects are now moving from experimentation around decentralized technologies to complete solutions including consensus mechanisms, identity, data structures, crypto-economic designs and Smart Contracts. In order to deliver truly world-changing results with blockchain technology, it must be easy to access for the majority of developers, users, governments, and businesses alike [2].
1.2 Eliminating the Barriers to Entry
ARK is looking to eliminate the barriers to entry in the blockchain space that are caused by the immense complexity of the technology. We are making that a reality by steering our efforts toward meeting the needs of enterprises, start-ups, and developers as our prime customer base. ARK aims to become a global backbone of decentralized application-centric blockchains, which we call bridgechains, which will allow them to either work with each other or stay isolated in their own environment. Chains that need to exchange data or expand their business models and use cases will find it very beneficial to utilize our global highway as a decentralized communication layer, thus unlocking the full power of Web 3.0.
1.3 ARK as the Perfect Starting Point
The ARK Ecosystem is an ideal environment for future blockchain developers. ARK will allow them to customize a sovereign blockchain for their needs, complete with the required feature sets at their fingertips. ARK’s value proposition lies within the Core platform and the utility of various services, such as connecting to different blockchains, introducing custom business logic, developing new tailored transaction types, accessing a global support system through the community, and much more. ARK has six core values that act as the compass by which ARK navigates the rough seas of blockchain, but first, it’s important to explore the current issues and challenges with blockchain technology
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