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What Is ARK?

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ARK seeks to simplify the difficulties of the blockchain industry.

What Is ARK?

ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology. Providing an alternative to Smart Contracts through custom transactions, logic, and multiple programming languages. The concept is similar to building a decentralized application in Solidity.

The ARK framework uses a programming language called TypeScript, which was created by the ARK team.

How Does ARK Work?

ARK’s public network functions as a live implementation of ARK technology, node operators exercising the role of delegates on the network, standalone blockchains functioning on ARK technology with independent node operators, business entities that develop products powered by ARK in addition to assisting with maintaining the code base, an enterprise division driving adoption as well as a community of users.

The ARK Public Network supports special transaction types such as multi-payment, multifactor authentication, many registration transactions, and IPFS hash transactions.

The History Of ARK

ARK was founded in mid 2016, running a Token Exchange Campaign (TEC) later that year that raised $800,000 in bitcoin and other cryptos. Travis Walker is the Co-Founder at ARK.io

Is ARK A Good Investment?

ARK is looking to become a useful element for the blockchain ecosystem as a whole. Between collaborations and innovations, ARK can continue to grow in users and adoption, making it an attractive incentive to hold the coin for the long run.

As you can see on the graph below, the highest that ARK has ever reached is $9.02 back in January 2018, and then it dropped to ranges of $0.50 – $0.10 for the whole of 2019 & 2020. Then it slightly peaked to $2.94 in April 2021, but is now back down below $0.50 which makes you wonder if in the future we will see ARK reach another all time high.

Is Ark A Good Investment

Overall ARK has a well-designed tokenomics, active community and a solid team working behind the scenes. A project you may want to keep an eye out for.

To stay up to date with the current ARK price data, click here.

Should You Buy ARK?

If you have done research on the team, vision, whitepaper and you are satisfied with what Ark has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.

Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.

The ARK Whitepaper

ARK released a whitepaper that describes the solutions that it is trying to solve, as well as proposed adoption dates for it.

If you want to read the ARK whitepaper click on the button below.

How Many ARK (ARK) Coins Are There in Circulation?

The total supply of ARK is 161 million coins.

How Can You Buy ARK?

It’s actually quite easy to buy ARK coins. All you need to do is follow these four basic steps:

  1. Create an account on a cryptocurrency exchange that lists ARK. Below we share some of these exchanges.
  2. Complete the identity verification process. Some exchanges require a scan of an identity document such as a passport or driver’s license.
  3. Transfer money from your bank account to the crypto exchange. The exchange may accept other payment methods, but bank account transfers typically have the lowest fees.
  4. Once the money is available in your account with the exchange, select the “buy” option to purchase ARK.

Where Can You Buy ARK?

The best places to purchase ARK are at:

  • Binance
  • OKX
  • MEXC
  • Upbit
  • LATOKEN
Disclaimer: All images, branding and wording is copyright of ARK. All content on this page is used for informational purposes only. CoinCitrus has no affiliation or relationship with the coins, projects or people mentioned on this page.
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Gabriel Santos
Gabriel Santoshttps://gabrielsantos.eth
Gabriel has over 15 years of experience trading various asset classes as a full-time technical analysis trader. He was first introduced to cryptocurrency in 2017 and was immediately hooked. Aside from analyzing charts, Gabriel enjoys going to the gym and lifting weights.
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