ARK (ARK) is a project that offers a suite of tools to create an ecosystem of interoperable blockchains. Using the Delegated Proof-of-Stake (DPoS) consensus algorithm, ARK’s network is secured by delegates, who are appointed by ARK token holders through voting. ARK is also able to connect to external blockchains through the use of ‘SmartBridges’.
What Is Ark?
Ark is a decentralized ecosystem designed to increase user adoption of blockchain technology. The Ark Crew, the self-named development team, has outlined clearly in their whitepaper that they plan on bringing blockchain to the masses by building “A Fast Secure Core Technology” with “Practical Services for Real People.”
To put it simply, the Crew is creating a sandbox ecosystem where businesses and other users can create their own blockchain from a clone of Ark in just a few clicks. To make this ecosystem as widely-accessible as possible, they’re focusing heavily on providing a good user experience and incorporating as many other blockchains and coding languages as possible.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.