What is Ark (ARK)?
ARK (ARK) is the native cryptocurrency of the ARK Public Network, a blockchain designed to support transactions, network participation, and blockchain application development. The ARK token is used for transaction fees and participation in the network’s delegate-based consensus system.
The ARK project provides an open-source blockchain technology stack that allows developers to build and operate customizable blockchains. Its infrastructure is primarily written in TypeScript and supports custom transaction types and modular blockchain development. The ARK Public Network launched on March 21, 2017, and serves as a working implementation of the project’s blockchain technology. ARK has also developed tools such as ARK Launcher, which is designed to simplify the process of configuring and deploying independent blockchain networks.
ARK uses a Delegated Proof-of-Stake (DPoS) consensus model. ARK holders can use their tokens to vote for delegates responsible for producing blocks and helping operate the network. ARK is also used to pay transaction fees, including fees associated with transfers and other supported transaction types. The protocol supports functions such as multipayments, multisignature transactions, registrations, and IPFS-related transactions. ARK Core also supports dynamic transaction fees determined within its DPoS framework.
The ARK project was established in 2016 by an international founding team. Founders associated with ARK Ecosystem include François-Xavier Thoorens, Lars Rensing, Matthew Cox, Mike Doty, Rok Černec, Scott McPherson, and Travis Walker. ARK Ecosystem later established ARK ECOSYSTEM SCIC as its business entity. Project records identify several of these founders as participants in establishing and managing the organization following the launch of the ARK network.
ARK has a reported total supply of approximately 199.13 million ARK. Its circulating supply is also approximately 199.13 million ARK, indicating that the reported total supply is currently in circulation.
ARK is listed on Binance for trade and purchase. The current price of ARK is available and updated in real-time on Binance.