Ark (ARK)
Rank #668
Market snapshot
- Price
- $0.092405
- Market cap
- $18.4M
- 24h volume
- $813,642.43
- Circulating supply
- 198,607,746
- Total supply
- 198,607,746
- Max supply
- N/A
What is Ark?
Ark is a blockchain platform that aims to provide a simple and efficient foundation for users to develop and deploy their ideas. It is designed to cater to a wide range of users, including blockchain enthusiasts and businesses of all sizes.
How Ark works
Ark operates through its ARK Core, which is an open-source, Typescript-based, Layer 1 blockchain protocol. The ARK Network is fully decentralized and is maintained by 51 validators and a community of enthusiasts. This structure allows for a peer-to-peer network where transactions can be processed without a central authority.
Key information
- Symbol
- ARK
- CMC rank
- #668
- Network / platforms
- N/A
- Categories
- State channel
- Date added
- Mar 22, 2017
Key characteristics
Ark is characterized by its open-source design, allowing anyone to participate in its development and use. The platform is built to be simple and efficient, making it accessible for various applications. Ark is categorized under several tags by CoinMarketCap, including the Binance ecosystem, payments, and state channels.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Ark (ARK)?
- Ark (ARK) is a blockchain platform designed to provide a foundation for users to develop their ideas and applications.
- How does Ark (ARK) operate?
- Ark operates through its ARK Core, an open-source, Typescript-based, Layer 1 blockchain protocol that enables decentralized transaction processing.
- What are the technical characteristics of Ark (ARK)?
- Ark is an open-source blockchain platform that is designed to be simple and efficient, allowing for easy participation and development.
- What are the risks associated with transferring Ark (ARK)?
- Digital asset prices can be volatile, and users should verify asset details before transferring. Self-custody requires secure handling of private keys.
- How can I verify Ark (ARK) before acquiring it?
- Verify the asset name, network, and destination details before transferring assets to ensure safety.
- Where can I find official resources for Ark (ARK)?
- Official resources for Ark can be found on their website at http://ark.io/ and their GitHub repository at https://github.com/ArkEcosystem.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
