At time of writing ARK is ranked 177th on CoinMarketCap with a value of $53M ($0.41 and a supply of 130M).
(Of course by the time this publishes these rankings may well have changed!).
What is 'ARK'? (ark.io)
It's a unique delegated proof of stake blockchain, and its main focus is 'blockchain interoperability', and apparently one of the project's strap-lines is that 'Ark has no competitors, only potential partners.
More specifically, the project seems have three main aims:
- Acting as a bridge between blockchains
- Issuing smart contracts and
- Enabling new users to deploy their own, new blockchains at the push of a button.
Planned developments
Besides a desktop and mobile wallet you can download, it doesn't appear that you can do anything with ARK ATM - there are only two maybe soon to be functional applications linked on its main .io site - Marketsquare, which seems to be a website where you can access various different applications from blockchain partners, most of which are Hive based, and 'deployer.io' which allows you to 'deploy a blockchain', but both are mooted for Q1 2021.
However, so far there is zero functionality.....
Partnerships, Partnerships and more Partnerships and Arks' Partnership with Hive
A lot of recent news is about 'Partnerships' - many of which seem to be with Hive - they had a stint at the recent virtual Hive Fest that many of us couldn't access.
.
TBH I'm not sure what being in partnership with ARK really means, I'm not exactly sure, other than seeing Hive projects being publicised on Ark websites, which I guess can't be a bad thing!
However, there doesn't seem to be much else going for the blockchain at this point!
The Ark Community
Supposedly it's quite strong - they do have 60K odd followers on Twitter, which isn't bad for a project which isn't even functional yet!
Ark - Worth investing in?
The Ark project seems ambitious - linking blockchains, Smart Contracts and allowing people to deploy their own blockchains - I mean if they get it right it could be a competitor for ETH.
The problem is that nothing besides the wallet is working yet, and a lot of recent promotion is just about partnerships with other working projects such as Hive.
This one's not for me!
**Find out more... **
Hackernoon: Why Ark Deserves Your Attention
