PREPARE FOR THE MASSES
Speculating a value for any new product or industry is tough, but this short read should answer the basic
question; 'Why should I invest in Ark?' & will hopefully be a jumping point for further research.
Ark was born from a Token generation event (T.G.E) that ran from Nov 2016 - Dec 2016, they failed to raise the amount put
forward but gathered $1m and set to work with that, they now have $70m+ in development funds. Investors in the ICO have seen
one of the most profitable returns of any coin to date, and yet Ark still has so much room to grow and so
much to offer. Far from being a pump and dump, holders view it as a top 10 coin and rightly so.
Aiming for mass crypto consumer adoption Ark seemingly has everything in place. The buy in wallet
function means that a new user can download the Ark app, pay via fiat and receive Ark as fast as
the current banking system allows. There is no need to learn complex exchange protocols, or upload
ID's to a relatively new & unknown company, that could do anything with your data, neither should
users need to wait weeks for verification. The buy in function provides the user protection and ease
of access - two of the most common worries when entering the crypto markets. Combining this with the
ability to exchange Ark for any other crypto, via ACES (which also allows smart contract execution in
multiple currencies), its plain to see why Ark will be well placed to adopt and increase new market entrants.
However that alone won't provide the returns investors want. So, what will? Pushable blockchains,
smart contract functionality & interoperability. Ark provides an important blockchain solution to various interested parties; governments,
learning institutions, companies, developers etc. Right now setting up a semi - private blockchain for your business
or enabling full, independent chain / dApp oversight is hard work, typically requiring a team of blockchain specialists & big funding.
That will no longer be a problem. Ark is akin to the wordpress / wix / squarespace website creation software. It enables
inexperienced users to create and manage a blockchain with a massive amount of technical choices and smart
contract functionality with 18+ languages.
To top it off, each chain created with Ark is linked at a protocol level (think atomic swaps) to the Ark mainchain
and linked to every other crypto via ACES. ACES runs on the main chain & requires fees to be paid in Ark to exchange
Ark has established utility, providing blockchain solutions for industries and offering interoperability with
contract execution to boot, but it's also important to look at how Ark ensures security and decentralisation. Using a
Delegated proof of stake system transactions are verified and forged by 51 trusted delegates. DPoS is under scrutiny, but
Ark has most of the kinks ironed out, avoiding centralised cartel like systems (Lisk) and better still giving investors
compounding returns ~9% pa. Staking your Ark will give you a better return than any savings account. This isn't
guaranteed to last forever, inflation will reduce to ~6% and delegate rewards may change, but this is one of the most
advanced consensus mechanisms to date, eco friendly, amazing returns, healthy delegate competition, decentralisation,
near direct democracy. Proof of stake with some governmental structure is the future, its the envy of many cryptos and
the blueprint for upcoming. Newer blockchain projects are looking to introduce specific developer rewards & incentives,
in combination with a PoS model (NAS). This is to encourage use of their project and to increase mass adoption, investors
needn't worry. Ark will attract developers easily because of its ease of use and crypto connections, even if a blockchain
project were to have a specific successful Dapp or smart contract Ark holders would be able to interact and use that contract
without ever needing to consciously hold, or head to an exchange.
Scalability, fees and transaction times are some of the top concerns in crypto, Nano received a massive pump when people
realised it was fearless and instantaneous. Ark offers feeless transactions because of its DPoS, delegates can refund
transaction fees, and a dynamic fee structure means that super low or high fees can be implemented, depending on the users
needs. If a company chain needs fast transaction times they will set their fees higher and delegates would prioritise those
Transaction times average ~ 8 seconds per block and type 7 multi payment, combined with increased block sizes
means 19tps is the standard, with a very high chance of more with testing. This is more than fast enough not to worry about times
or scalability. In theory, Ark could scale to the levels of EOS through the use of side chains, increasing block sizes, and
tweaking with other settings laid out in the core update. Although its not currently needed and decentralisation
may suffer, due to the infancy of the network, which defeats the point and advantages of blockchain technology.
(EOS is centralised and will look more like a corporate network rather than one ran by the people, for the people.)
Ark's chain structure means that no deployed chain should ever suffer from bloat or lag, and the main chain
itself is left free largely development free, mainly to deal with currency swaps. It may host a delegate marketplace, another
A delegate marketplace means investors, developers, users can run a node and offer their services to
linked chains. This will provide a passive income, and will ensure that linked chains have trusted nodes to run them. Trusted
because they are vetted, Arks first big linked chain Persona - an identity management system, will make sure of this.
Ark continues to be one step ahead, ensuring trusted delegates was/is the biggest concern of running a DPoS system,
now wary investors can be certain that their investment is as transparent and accountable as possible. Governments are
taking serious interest, Ark is the only registered crypto company in the EU, a notoriously regulated marketspace. The
team have advisement from French lawyer Arnaud Grunthaler; who features in French think tank 'France Strategie', and Ark
CTO, Francois, who has spoken in length in Parliment; advising, discussing and drafting French I.C.O. and crypto legislation
& regulation The French and Swiss governments are clearly interested, both sent officials to Ark Con, which
took place in March 2018.
Being the first regulated SCIC for over 200 years, in an emerging tech industry is pretty much Gold for Investors. It
means the team must adhere to strict rules, like retaining 50% of profits for development and gives new Ark users some
level of assurance that the project will continue well into the future.
You will likely have some understanding, and a vision of Ark's potential for adoption. However you may still be left
wondering - Why do I need to hold Ark?
Simply put, Ark is used for;
- Gathering ICO funds for deployed chains & other projects.
- Network fees i.e Transacting, voting, unvoting, second password registration etc.
- A currency, to be used on deployed chains, in Dapps & smart contracts.
- Store of value; DPoS system encourages some holding - can be both a currency and a store of value spending the interest on your
stack keeping the bulk untouched, staking.
It can be argued that a large inbuilt user base will mean that potential projects will have no real need or want to set
up a new currency, it can be cumbersome to deal with intricate coin economics. Using Ark means developers can make their Dapps better
noticed and as attractive as possible, with ecosystem atomic swap style functionality as standard users can interact across many Dapps
and smart contracts at once. Developers have a much easier time creating projects too. With 18+ languages to build from,
and independent project oversight and value, its highly likely developers will migrate from current chains to Ark,
with new ones queitly joining the ranks consistently. Ark aims to grab these new devs from everywhere and anywhere,
but focuses on hackathon events & universities. They want hungry, interested top tier
developers and have hired a small number through practical demonstration of ability and drive.
When looking at an potential investment the team is possibly the most important success factor, especially in such a cutthroat,
new industry. Ark's team is well established and varied. Cofounded by 27 people, led by Mike Doty, Francois-Xavier Thoorens, Lars
Renning & a handful of others, there is no shortage of experience.
Doty is the managing director, he has been founding, & working with, blockchain technology projects for some years now, recognisable
projects being Bitseed & Crypti. It seems as though Ark is the final stop, having worked on many projects Doty is looking to build
partnerships, rather than jumping ships.
Thoorens has an extensive technical background, working on science maritime EU projects - focusing on creating a technology for
searching for unidentified maritime objects in the ocean (SUMO: the opposite of an UFO) & assisting companies such as Ventura and
DonatioCare. He ventured into the blockchain space, and helped develop a large portion of Lisk. After discovering many issues mostly
concerning the consensus system he moved to help set up Ark.
Lars Renning is the Chief financial officer, he has extensive experience in finance, specifically contract management. Working with
governments in certain instances its clear he's well respected in his field and has network connections that will prove valuable.
There are so many more notable names such as; Scott Mcpherson, Matthew DC, Rok Cernec, Velislav Valkov, Stefan Neagu, Kristjan Kosic, etc. You can find a full detailed team rundown here.
Considering their past works, it is very probable that they know not only about technical details but also about team organization,
communication, networking. This is a one strong team, that can achieve high project goals and is committed to Ark's future.
The only concerning issue is a lack of awareness, brought up by the community, which is a very good sign considering the industry.
The team carried out a collection of surveys and found that community consensus was correct. They announced a new marketing push, committing to aggressive marketing over the next 6 - 12 months, and into the future, with the aim of getting more developers
into its ecosystem and thus users. The marketing strategy, to date, has been a grassroots approach; attending hackathons, university events
& crypto conferences. Its a successful approach that they will continue alongside the new approach, its led to four new dev hires
and has been the first blockchain interaction for many budding developers & computer scientists.
When and if, they choose to enter the blockchain industry its highly likely they will look to Ark, both
for personal projects and employment.
Ark sponsoring Consensus 2018
Ark isn't just Ark, it's an Ecosytem of linked chains that will increase crypto adoption, its well placed for
upcoming regulation, it possesses a very well thought out structure and has a varied team that is very experienced
in this industry. This is one crypto investment that you won't worry about.
You've hit the jackpot.
Ark is one of the most well rounded, easy to use blockchain solutions out on the market today.
Posessing a modular approach to building chains Ark provides infitnite scaling (thanks to sidechains & DPoS), faster speed and more customisable options for Dapps and smart contracts than competing blockchain platforms, as well as added universal interoperability!
Check out the official Guides and documentation here
Ark is constantly on the lookout for new hires, three recent hires have been the result of consistent github code commits, a
willingness to improve Ark and self drive & ambition.
Create something positive for Ark and you may find yourself with a top job offer. Use Ark to create a project, and be assured that
continued upgrades and community support will see the project flourish. The Ark community Fund can provide funding, submit a proposal
Why should you use Ark?
data can all be done in every popular language. To reaffirm, smart contracts are coded in solidity, but the many SDK's and API wrappers allow developers to compile in many different languages making interaction & development much easier.
Ark recently switched over to Vue.js, from Angular 1, as the core framework. The website & explorer have both been updated using this
framework, the new wallet (v.2.0) is set to be the next release. Take a look at Vue.js, familiarise yourself, it has many attractive
qualities and may be useful when building projects.
To read more about Vue.js in Ark
Supported SDK languages -
- Python 100%
- Elixir 100%
- RPC 100%
- Lua 100%
- Java 100%
- .Net 100%
- R 25%
- C 80%
- Go 100%
- Rust 85%
- Kotlin 100%
- PHP/Laravel 100%
- Symfony 100%
- TypeScript API 100%
- C++ 80%
- Nucleid 100%
- Ruby 100%
- Swift iOS 100%
Possibly the most exciting feature is the deployable chain function. Developers can currently deploy their own chain using the Ark deployer, however in the near future Ark will provide an easy to use
graphical user interface which will enable anyone to deploy their own blockchain with a few clicks and options such as;
-Set your own parameters; Block times, Tps, delegate nodes etc
-Token creation and management
-Consensus mechanism, DPoS / PoS / PoW etc. -in development, currently DPoS only
Ark's going to provide the most streamlined user friendly way to use and interact with blockchain technology in the crypto market.
Chains can be deployed using Microsoft azure, Google cloud and Amazon web service, a big step towards adoption and unique to Ark, no other
blockchain creation service rivals Ark.
The link below provides features currently available and some technicals on how to deploy a chain.
Alex, a community hired developer, has a detailed guide on this site.
Ark Virtual machine
The virtual machine is a port of ETH's VM, but modified to suit Ark. ArkVm will only be available on deployed chains, it will not be on the mainchain as that is left bloat free to deal with currency swaps. Many of the finer
details regarding the Virtual machine haven't been released yet, mainly because its unfinished, at 75 %.
Because of this speculation about how it will work is rife, there will definitely be a dedicated ArkVM sidechain that will allow the creation of tokens and small dapps, essentially a cloned Ethereum. Sidechains will either enable VM functions by interacting with the VM chain via special nodes or the VM will be a plugin, available for deployment alongside chain creation in both instances a tickbox option
in the deployer GUI will enable the VM. Remember, interoperability is achieved by use of the main Ark chain. A user would be able to access any contracts dapps by accessing features within the ark wallet, negating the need to consistently manage and visit different chains.
Smart contracts will be in solidity and will function like ETH's using gas to fuel them. API wrappers and SDK's will enable far more functionality than is currently available by competing platforms.
ACES & Smartbridges
Smartbridges enable protocol coin swaps & limited contract execution functionality. That means that swaps between Ark
deployed chains e.g. Persona - Kapu, and swaps with the mainchain are seamless and near instant, comparable to atomic swaps e.g.
Persona - Ark. A 64 byte text field placed in the header of the block allows the communication of code & encoded listners interpret this information by looking for certain trigger words, executing the instructions. Encoded listeners can be placed on any blockchain regardless of type, enabling external blockchains
to interact with Arkecosystem chains. If external, non Ark, blockchains implement the same vendor field as Ark, this will enable the same
quick protocol transactions & contract execution shared by ecosystem chains.
ACES - automatic contract execution services takes smartbridging one step further. Think of it as a shapeshift esque service
but with improved contract execution functionality. There will be a bunch of vendors who hold coins of choice, acting as the
intermediary between chains. Users will use them for coin swaps but utilising smartbriding in conjunction means that complex contracts
can be executed.
The people who run an ACES service will be accountable and subject to strict rules. This is achieved by creating a vetted vendor
marketplace for users to choose from. Transparent, honest, competitively priced vendors would rank highly, whilst those who attempt to
cheat people would be forced out of the system. Full decentralisation of this service isn't essential, however if necessary ArkVM could
be utilised in ACES, adding functions and assisting in further decentralising the service. There is an upcoming Ark deployed project currently
in development that will provide a fully decentralised service, however specifics cannot be released yet. ACES has been designed to suit
serious, continuous swaps and contract executions, with people behind the service available to help & advise throughout.
ACES is live and working, with connections to ETH & BTC, the implementation of ZEN & LTC are being worked on now. Confident developers
can create their own connections, negating the wait for others to do so.
Some extremely helpful articles surrounding ACES can be found here;
To speak with the lead dev on the project;
IPFS - Interplanetary file system / IPDB - interplanetary database
Touted as the next big change in the web & computing industry, bringing this to blockchain makes perfect sense. Data is broken up and
spread across the network, whilst also simultaneously encrypted, upon request the data can be retrieved and used in its entirety. Persona
uses IPDB to decentralise and encrypt their customers private data, other use cases include video and gaming streaming services sharing
data across the network load and pushing it back to the consumer.
IPFS protocols were initially implemented to ensure that decentralised media services are possible to build on
Ark, although there are many more use cases that will be realised as teh ecosystem grows.
The Ark devs continually develop and make improvements to the mobile, desktop and paper wallets. Considered lite
wallets; there is no need to download the whole blockchain to use it, a massive incentive for users. A mobile wallet gives Ark a distinct
advantage, making Dapps more interactive and useable, and also giving users the option to use crypto on the go, paying for services or
performing coin swaps etc. The introduction of the buy in function will make Dapps more accessible & the staking feature retains users.
The wallet is key, many services and dapps will be accessible through the wallet, i.e. Persona / Factom documents accessible and changeable through
a few clicks.
A new wallet is upcoming to match the new core
There are several different delegate made Ark explorers, plus an official Ark one. The official is continually updated, recently to
account for and work with the new core codebase update.
Ark has a dedicated Testnet so that code can be trialled, new code can be tested & users can get to grips with blockchain, token
creation & management etc. Dark tokens are required to use the Devnet fully, they can be sourced directly from Ark devs in Slack
https://ark.io/slack either ask for Darknet tokens in the Testnet channel, paste your
Darknet address alongside the request, or tag boldninja (Rok Cernec).
Running a Node on Ark is super easy, there are many benefits to running a node. Security and decentralisation of the network,
familarisation with blockchain technology & a potential income source by way of DPoS. Ark enables developers and node operators to deploy
a chain, and operate & manage the nodes, using the most popular services on the market; Microsoft azure, Google cloud & Amazon web service. The Ark node repository will be phased out, left unmaintained, over 2018 with the new core repository being the go to
Although Ark will make chain management easy, it's worth learning the ins and outs of running a node.
A simple plugin for wordpress sites. Woocommerce store operators can now use Ark as a payment gateway. Expanding the potential
user base. Installation instructions can be found on wordpress. A detailed summary of Arkcommerce, by the creator, can be found on
the reddit thread, registration at arkcommerce.net is required. An updated Version 1.10 has been released, see the reddit thread for more information
Core Version 2
Ark started life as a fork from Lisk, which itself is a fork from Crypti. The team recently choose to move away from
the Lisk & Crypti core codebase, focusing on rewriting an entire new core code. Mostly down to inefficiencies, but also both major & minor bugs.
It now means that Ark can no longer be viewed as a fork from Lisk, but rather an independent, custom, stand alone blockchain. It's taken a
good 8 months but its complete, and with that comes new great features.
AIP - Ark improvement proposal. I recommend that the core technical series and AIP links are read thoroughly, this merely provides
a small insight into the core revisions.
- AIP11 - Upgraded transcation protocols, notable features include;
- Type7 mutlipayment feature which enables high payment and transaction loads. This essentially gives a single wallet
the ability to send a high number of transactions all at once i.e. a delegate's monthly payout.
- The ability to validate custom private transactions.
- A new fee calculation method Fee = (T+S) * C
T = Transaction type
S = Transaction size
C = constant, set by the delegate forging
- Dynamic transaction fees; delegates set their fees at varying rates, transactions are processed as fast or slow as the fee
- Improvements to the multisignature mechanics, and newly enabled custom private transactions, give greater control and power over
- Features a state machine which will allow sidechains to have incredibly complicated code written write into the sidechain.
- AIP14 The implementation of a fully RESTful API that follows JSON specs as closely as possible. This allows easier and more detailed
access to information about the blockchain, and also ensures less changes for the developer.
- The upgraded API utlises Hapi. This loads API's as plugins, making modifications to the core a breeze. Removing an API is just as easy
and can be done so by commenting it out.
-Uses Lerna to split the core into multiple packages. Meaning fixes are easier, negating the need upgrade the whole core, modules can
be removed and fixed at will. Custom additions are just as easy, need a better logger? Just implement your upgrade whenever.
-A new plugin manager to manage the modular core.
- AIP15 Utilisation of Webhooks. A better way to interact and grab information from the blockchain. Instead of polling for data
frequently, events are created in real time based on a predefined rules. The Resthook API has various other positive qualities,such
as configured background listeners which enable IOT devices to interact much more efficiently.
- An upgraded testing suite, utilising Jest, which has more functionality than the previous version Mocha. It's faster and provides
statistics - useful for performing analysis of the blockchain. Jest is a popular piece of software, created by facebook and used by various
big name companies, twitter, Airbnb, Occulus.
- Improvements to the configuration of deployable chains, by use of constants in the config file, with progressive fork rules.
- Fast rebuild using SPV (with automatic switch to full rebuild when rebuild is close to network height)
- Programmable State Machine with an auditing API.
- Constants in config file, with progressive fork rules, to ease the configuration of deployable arkchains.
- Backcompatibility with Core V1.0.
- The ability to use multi processor capabilities, for instance a CPU for a Node, another for forging and so on.
- Database support; MySQL,PostgreSQL, SQLite3 etc.
- No snapshots, instead nodes will sync from the Ark network, after deleting a certain number of blocks from the database.
- Installation through one simple, single command line.
- A commander tool, making managing a node, troubleshooting & grabbing stats far easier and quicker.
Core Technical series:
Working in the same fashion as before users will be rewarded for their submitted pull requests, the scope of the request
will be considered and amounts vary accordingly. Rewards have been changed from Ark to fiat amounts.
4th - 6th $250
Security / Vulnerability bounty
Bugs or errors found in the core can be submitted to the Ark team. Eligibility is determined by a strict criteria found
in the link below. Amounts given are rated on a scale LOW - MED - HIGH - CRITICAL - DOOMSDAY / $200 - $1000 - $2000 - Contact
the Ark team. A patch will give a 50% bonus.
Article, guides and documentation Bounties
Running in collaboration with the Ark Community Fund; Write articles, create infographics, create guides etc. about Ark.
Articles and guides will be given $10 - $30 per 100 words, dependent on quality which is determined by the Ark team. Infographics
and code related guides will be issued rewards determined on a project to project basis. Contact Boldninja (Rok) in Ark slack
before carrying out a project.
Ark Community Fund - ACF
A community ran fund focused on development and increasing awareness of Ark. Initally funds were gathered from delegate forging but the board recently took the decision
to not forge, spliting up funds for voting instead. This has two benefits, firstly they can support delegates who provide good
community services and secondly earn more funding, albeit not as much, without taking up a delegate spot. The ACF board is made up
of 5 community members that are voted into a joint leadership, typically, current delegates are chosen. Elections takes place every
6 months ensuring democratic governance.
Completed proposals include; Arkcommerce, client support for various languages, Ark2mail, custom wallet competition prizes &
more. There are proposals for pretty much anything positive to ark, some include funds for meetups and events, others include
technical development projects such as; Arkify - a shopify payment processor for Ark.
Latest bounties can be found in the links below, as well as the the total amount of funds available.
Ran by the biz_classic delegate and funded from the biz_private voters, users roll to generate a random number every hour and
win a predefined amount based on the number they've rolled. Hit 10,000 and win 4 Ark. The best thing about the faucet is that it's
open to all, just input your ark address and click roll, the winnings will be added to your account.
If you are a biz_classic voter your winnings are tripled! That jackpot is now 12 Ark.
ARKade_delegate are a small group of guys running a fairly new delegate. They have powered into the top 51 and show the power
of Ark's DPoS system, with a good idea, and execution, it's still possible to become a forging delegate, not too far out of reach
for any user.
The delegate takes a percentage of their rewards and funds gaming competitions and prizes, with prizes being denoted in Ark.
There are multiple weekly $500 automated online tournaments in various games such as Dota2, CSGO, Overwatch, League of Legends,
Fifa and others. A full list of games, and a quick rundown of the delegate can be found here;
Sticker and Wallet Competitions
HOW TO BUY ARK
Users can now buy Ark in Wallet, no KYC nessecary, no more exchanges, a much needed solution to further enhance Ark's reach and utility.The Changelly exchange platform is, for now, the only source of in wallet buying, more direct exchanges are to be added. This feature allows users to buy Ark directly with fiat through the Ark desktop & mobile wallets, using the in wallet exchange tab. Download the wallet, visit the exchange tab and exchange fiat to Ark in seconds.
Ark is on several big exchanges, and is available to buy through certain Fiat - crypto services. Be aware of exchange fees and
withdrawal fees, some are abnormally high.
Buying on Binance.
You first need to create accounts on both Coinbase & Binance, and then generate wallets on myetherwallet & Ark desktop / mobile / paper.
It may be easier for new users to use a program like Exodus to manage their Ether, as myetherwallet can require use of the metasmask
extension to login. A private key is also an accepted login method, but generally its advised that you don't share your private key over
the internet, or at all.
- Buy Ether through coinbase or another fiat - crypto service. Coinbase does take a sizeable fee.
- Create a paperwallet on myetherwallet.
- Send the Ether to the myetherwallet public address.
- Once confirmed, send the Ether from myetherwallet to the Binance ETH deposit address - Wait for 30 confirmations.
- Find the ARK/ETH market and put in your trade.
- Wait for your trade to be filled, scroll down on the exchange page and you can find your order details.
- Yey! Success. Withdraw your Ark to a Ark wallet and start staking.
Buying through Cryptomate
Some services don't require holding other cryptos or dealing with complex exchange, these are often centralised solutions that charge high
No account necessary, if you're verified and carrying out big orders you're more likely to find a vendor.
https://www.cryptomate.co.uk Minimum order £100, maximum £200.
- Find Ark in the list of available cryptocurrencies. Click buy now.
- Fill out the form, Inputting your Ark Wallet address, amount wanted in Fiat, and an email - for confirmation.
- Grab the confirmation code, found in email inbox of the given email address. Enter the confirmation code.
- Wait for a vendor to be found, if one isn't found within 15 minutes the session will timeout and new one will need to be started.
Go back to the homepage.
- If successful carry out the bank to bank transfer, once payment has been confirmed you will receive your Ark in the given wallet
Available direct buy services
Cryptomate (UK only)
LiteBit.eu (EU only)
HOW TO DOWNLOAD A WALLET
- Go to https://github.com/ArkEcosystem/ark-desktop/releases and
find your specific download, most likely windows x64. But check your computer operating system & properties before installation
- Follow the given installation instructions.
- Once installed click 'create an account'.
- Store the given 12 word passphrase. Remember to write down your 12 word passphrase, if possible memorise it too. Do not give this
out to anyone, this is like your bank pin, do not forget it, lose it, or give anyone a chance to steal it.
- Transfer your recently bought Ark to the given public address key.
- Navigate to the android or IOS app store. Search for Ark mobile wallet or mobile Ark. Check it is the real Ark wallet as there
are a few fakes rumbling around. It should list Ark.io & FX Thoorens as the developer.
- Click download & install
- Click on create a profile & sign in with newly created PIN. Write this PIN down
- There are then two options; import or generate a new wallet. Tap generate
- Swipe per the instructions
- Write down the information shown on the next screen. The long random address beginning with A is your Public address.
The 12 words below are your secret passphrase. Do not share this. Write it down and store it with the beavers
- Advanced shows further details you may want, not necessarily need. Wait a few seconds then this will appear
- Tap the box showing your Ark balance and address, above the market details
- This shows transaction history, current Ark balance and the equivalent fiat valuation
- The + button allows you to send & receive, you will need your PIN / 12 word passphrase to verify the transaction
- The three dotted menu in the top right allows is where you'll find delegate functions, including registering to vote with
a delegate - Staking your Ark.
- Tap back and return to the previous page, the side corner menu shows all available wallet functions & settings
Already have an existing wallet?
- Create a profile (follow steps 1-3 of mobile wallet instructions).
- Then import it following the app instructions.
- Use your 12 passphrase to import, the QR code only allows you to receive transactions and view the balance.
Setting up a paper wallet is easy, however it does mean that you cannot stake your Ark.
- Go to
and click 'create a new random wallet'.
- Follow the instructions, moving your mouse to generate randomness.
- Write down the 12 word passphrase & public address, scroll down and click print / save.
- In order to active the wallet, send a small amount of Ark to the given public address.
- Find the wallet on one of the many Ark explorers https://explorer.ark.land Once confirmed
send the remaining Ark over
- To retrieve a paper wallet go to
https://arkecosystem.github.io/ark-paperwallet/ and enter your 12 word passphrase.
- Import the wallet to a desktop client by downloading per the instructions above, & then importing the paper wallet 12 word
HOW TO REGISTER YOUR VOTE
It's important to research delegates before settling on one. A handful in the top 51 are private delegates and / or useless
- Assuming you have installed the desktop client. Click the votes tab.
- Click the blue VOTE button and fill out the short form. There are many different delegates to choose from, each offering their own
benefits. Inform yourself and compare delegates
- Select your delegate, I will use the highest stability ranking delegate biz_classic as they are the least likely to drop out
of the 51. Unbiased stability rankings are found here;
- Click the drop down menu and add the delegate named 'biz_classic'.
- Input your 12 word passphrase.
- Click Next. 1.0 Ark (reduction to 0.2Ark upon coreV2 release) will be taken from your account - biz_classic refunds this as do other
- To get your vote cost refunded, transaction fees refunded & tripled faucet rewards register at
You've now registered your vote to biz_classic, your Ark is being staked with a compounding interest of ~9% pa.
You can view active & standby delegate list by accessing the right hand corner menu on the main profile page.
- To vote tap the wallet on the main profile page.
- Select the three dot menu in the top left corner & hit 'delegates'.
- Here you can view active & standby delegates, select your chosen delegate.
- Tap vote & input your PIN
ARK - WHY YOU SHOULD TAKE INTEREST.
Distributed ledger technology, blockchain specifically, and smart contracts will spawn a technological revolution comparable to
that of the internet. Ark utilises blockchain technology, and is more than just a fast payment method & potential investment vehicle.
It is a platform from which businesses & users can launch their own blockchain, with features such as smart contract functionality
and universal crypto exchange and contract execution.
Why hold Ark?:
- Network fees - Transactions fees (dynamic & often refunded through delegate rewards), delegate registration, voting / un-voting & second passphrase registration
- Cross chain coin swaps & attributed fees i.e. ARK - ETH small fee to carry out the contract execution
- Currency - A currency to be used on the ecosystem and the whole crypto market. Hold Ark and interact with multiple dapps and smart contracts, without ever needing to actively hold those coins/tokens.
- Store of value - Ark could be viewed as a Store of value, volatility reduced thanks to widespread adoption and utility. Holders would spend the interest gained from DPoS rewards keeping the bulk of their stack untouched
- Funding - ICO's & escrow type services
Design / Structure:
Ark takes a modular approach to building and managing blockchains. A plugin manager, manages modules, API’s are plentiful & easily integrated and contracts can be compiled in 18+ popular languages, with the VM running Solidity. There is also the option to write contracts directly to the chain thanks to the integration of a state machine.
Mainchain - Ark's mainchain is for transacting only. Designed to be THE connection chain, it connects ecosystem deployed chains to other ecosystem chains, and ecosystem chains to external chains i.e. Persona - ETH. It is possible to connect a deployed chain directly to any other chain and skip Ark's mainchain. This can have benefits but more often than not will be a pointless endeavor, it means more work for the end user; more tokens to hold, more keys and more restoration phrases to remember. By design a user only needs to hold Ark to gain access to every chain in the crypto market - see wallet
Deployed Ecosystem chains - Users deploy a chain using the Ark deployer, with a bunch of customisable settings for users to choose from. The deployer carries out the majority of functions automatically setting up delegates, starting forging processes, enabling transactions etc. The deployed chain shares the same protocol as the Ark mainchain and other ecosystem chains. This offers a variety of benefits; executable block header information (smartbridges), atomic style swaps, easy plugin and module implementation and removal etc. The deployed chain will also have an in built state machine with an auditing API, which offers developers the capability to write contracts directly to the chain without the use of a VM - a much safer, and efficient process.
Wallet - This is where the magic happens. Users of Ark deployed chains and Ark smartbridged chains will have access to all Dapps, smart contracts and coin / token swaps through the Ark wallet. A user will visit their desktop or mobile wallet and interact with their desired chain through one of the tabs within the wallet. A sleek UI with a list of Dapps and a brief description of purpose for each will be accessible, similar to the exodus wallet - except the Ark wallet has way more functionality enabling users to execute contracts, interact with other chains and send key information i.e. a postal delivery address or a sweet message for your mother.
Image created by Biz_classic Delegate
Ark has a slightly different structure to other smart contract enabled cryptos, providing users with independent chain value by creating a blockchain that is based on Ark's core code, connected at a protocol level for atomic style ecosystem currency swaps and interchain contract execution. What Ark does can be thought of as a blockchain wordpress / squarespace type solution, governments, companies and freelance developers will have easy access to work with blockchain technology, increasing adoption and development.
Dapps will be sandboxed into their own blockchains with the Ark blockchain managing traffic between ecosystem & external chains, as well as ecosystem - ecosystem chains.
DPoS - Delegated proof of stake. Ark uses DPoS to manage all ecosystem transactions, maintain network security and offers incentives for users to stake in the form of rewards -generating a passive income stream. Most DPoS cryptos are badly designed from the get go, ark doesn’t suffer from this. Voting is weighted correctly and whales are contained this is the WORLDS FIRST public decentralised cryptocurrency running a DPOS consensus mechanism correctly. DPoS offers many benefits other consensus mechanisms can’t; direct user governance and accountability, greater control over transactions and speeds, better incentives, offline staking etc. See the tab FAQ > DPoS for a detailed rundown.
Transaction speed, scalability and fees:
Speed & Scaling - Ark averages 19tps with a minimum of 8tps, however the wonders of DPoS mean that speed can be managed; increased and decreased dependant on the level of decentralisation needed and the specific needs of the project. By design, speed is not an issue for Ark, speeds of 1000+tps are more than possible.
Scaling is also a non issue for both Ark and deployed chains, deployable chains give users the option to offer off-chain settlement layers, a sort of plasma style solution, and DPoS gifts delegates the tools, and option, to increase the amount of transactions allowed in a block, given users agree. This further increases speeds and scaling. In addition Ark’s modular and governance structure enables users and delegates to change and upgrade swiftly and painlessly, if a sharding solution is found it’s be as easy as polling the community and adding a module to account for the upgrade. Finally the use of type 7 multip payment can reduced the network load, giving users the ability to send varying transactions to multiple adresses all at once, stored in one block.
Fees - Dynamic fees & feeless transactions, yes really! DPoS allows transactions to be processed according to the fee paid & transaction refunds can be issued by your delegate. (See Biz_classic & more) Making use of dynamic fees extremely low, or high, fees can be set, depending on the users needs. If a company chain needs fast transaction times they can set thier transaction fee cost higher and delegates would prioritise those transactions.
- Plugins - ArkVm (coded in solidity, 17 popular languages to compile with), webhooks (very useful for cross chain communication), API’s
- 18 Software development kits
- State machine on chain, smart contracts can be coded directly to the chain
- Desktop & mobile wallet with lite clients, no need to download the full chain. Download, Buy on an exchange, transfer into wallet & stake in under 20 minutes.
- Smartbridges, a 64 byte character text field that carries executable code and other information, extremely useful for automatic contract execution.
- ACES - automatic contract execution between independent chains. BTC - ETH cryptokitties etc. Utilises smartbriding & can provide passive income, by way of being a Vendor.
- Delegate marketplace for ecosystem chains to choose from. A potential semi passive income stream - chain management and delegate type duties are required.
- A buy in wallet function, easy for newbies and encourages coin use, as well as providing the fastest method of obtaining Ark. Download the mobile app, buy in the wallet & stake in under 10 minutes.
- Ledger wallet integration.
- A registered company. Ensuring oversight and accountability. Announced as the first coop society in France in over 200 years - SCIC - dubbed the French bitcoin.
- Genuine interest from European Governments, namely French and Swiss, and higher education institutions, Geneva, Maribor etc.
- Smartcards. Loadable cards with the ability to pay in Ark anywhere that allows. The ultimate goal is to enable payment of any crypto through the use of an Ark card. The mobile wallet can also carry the same function using near field contact, and may be the preferred payment method.
- A collection of ecosystem chains already; Persona, EduCTX, Kapu, Blockpool, Swapblocks & Cesaire. More community ones are planned and the team have spoken of a few personal projects they plan to pursue, as well as quietly mentioned partnerships rumblings behind the scenes.
DELEGATED PROOF OF STAKE DPOS
There are several popular consensus mechanisms, the three most popular are Proof of Work, Proof of Stake & Delegated Proof of Stake.
Proof of work has its drawbacks; high energy usage, easier to centralise in start-ups, possible selfish mining attacks and an array other
other vulnerabilities. Proof of stake is slightly better but doesn't allow for much accountability or governance & often requires the users
computer to be kept open and running. The natural progression from proof of Stake is to Delegated proof of stake, it's highly likely Ethereum
and other proof of stake blockchains will upgrade to a version of DPoS, whereby staking pools issue proposals & incentives to encourage people
to stake with them, and users in turn stake to their favoured pool.
In DPoS the user puts their funds in a trusted delegate pool, they handle transactions and network security, the user doesn't need to keep
their computer on or do anything other than vote. The delegate will issue automatic rewards, derived from their forging activities. Esentially
Ark generates 2 new coins for every block forged, the delegate gives a percentage of these rewards back to their voters.
Arks DPoS system is different to many other cryptos, quietly touted as the standard, the system most aspire towards. Delegate competition
is healthy, as shown in the stability rankings, with a good portion of delegates at risk of losing their positions if they don't perform their
duties. Many more are running nodes, waiting for their opportunity, they still assist in securing the network by providing decentralisation and
delegate services for linked chains.
How does DPoS work on Ark?
- The top 51 most voted for delegates are allowed to forge and process transactions.
- One wallet address can only vote for one delegate.
- Voting is weighted correctly; voting is split between the balance of your Ark.- Say you own 100 Ark. You vote for your first chosen delegate, 100% of your Ark goes to that delegate. You then decided to vote for a second
delegate. You are required to set up a new wallet and address. Your balance is now split between the two wallets, carrying 50% voting power as
before, and so on. This prevents dominant whales, they can be contained and eventually pushed out of the system.
-Delegates earn Ark through forging and transaction fees
-Delegates issue rewards in Ark earned from transaction fees & refunds in order to incentivise users to vote for them
-Forging rewards 2 ark per block
-Payout rewards average between 80% - 100%
-25 Ark to register as a delegate
Detailed Ark DPOS
- Every round of forging is broken down into 51 slots - each lasting 8 seconds.
- Before the beginning of the round, the top 51 delegates are randomly assigned to those 51 slots.
- Every 8 seconds the next delegate in line is allowed to take pending transactions and forge them into a block, propagating it to the
- For every block forged there are two rewards, one consistent and one varying.
- The first reward is 2 Ark, issued for forging a block. This is set, consistent.
- The second reward is the network fees received from the transactions packed into that block. A varied amount, dependent on network
transactions at any given time.
- Delegates receive the network fees of 0.1 Ark for regular transactions, 1 for voting, 1 for unvoting, 5 for second passphrase registration,
and 25 for delegate name registrations.
- Delegates then share those rewards with their voters.
Ark compared to other DPoS systems
There are a few different implementations of DPoS, each share similar features to Ark. Bitshares was the original Don, the first DPoS system,
created by Dan Larnier. It had its drawbacks and has had an update. It's an ok system but not what it could and should have been. Others include
Lisk, Eos & Steem
-Uses a broken system, they have hired a science team to try and find solutions.
-101 delegates (all spots currently under control by 2 'cartel' groups, a small group called Lisk Ascend aim to break the cartel)
- Users and delegates can vote
- Voting is weighted incorrectly; you can vote for every delegate and your holdings are not split amongst your delegates. That means Mr Whale
can stake their 100 Lisk with 1 delegate and that same 100 Lisk will carry the same weight with another delegate.
-This has lead to centralisation, a cartel esque delegate system. This will be extrememly hard to change without hard forking, and messing about
with users funds.
-Forging rewards, 5 Lisk per block reducing to 1 lisk per block over the next 4 years
-Rewards & transaction fees split between all delegates.
-Payout rewards average between 25% - 60%
-100 Lisk to register as a delegate
-A controversial system, used similarly & somewhat successfully in bitshares & steem
-121 witnesses (delegates)
-21 of which are chosen to forge each round. 20 will always forge, 1 last entry will be chosen at random.
The default is 21 but its open to change (dynamic). If a company wants to build on EOS they could select only 2 witnesses for their system.
-Semi Centralised. Uses a similar Lisk equse voting weight system. Where a user can vote for each canididate, early & rich entrants
-Voting is dynamic, incentives keep users voting and breed competition between witnesses. In addition witnesses will need to produce verified
ID. Giving some level of accountability.
-Nothing at stake problem - there is no financial incentive to be a good witness, only the witnesses reputation is affected.
-Conflict of interest between witnesses & developers. Developers want bandwidth increasing as it will make their Dapps cheaper to run.
Witnesses want it lowered to increase their income.
-EOS has been transparent. They want their 21 nodes to be run by large invested companies. In this instance one would assume the witnesses
want people to develop & further the project, so would lower bandwidth rates accordingly.
-$1Bn developer fund will encourage development, may offset bandwidth costs initially.
Still unsure of Ark's potential?
Template blockchains offer a wide range of solutions and innovation. Ark allows people to create pretty much anything that uses
distributed ledger technology Private, public and semi private blockchains all at the click of a button.
For instance, a government department may need a semi-private system, but cannot bare the cost of hiring a dev team to set one up.
A quick consultation session with the IT department and, using Ark, a blockchain can easily be created, with all the bells and whistles
It's important to note that certain blockchain solutions may not be apparent and leaders may be be reluctant to change a working system,
but the buzz, excitement & investment in blockchain is down to an increase in efficiency, transparency, accountability & security, which
will eventually win leaders over. Ark is positioned perfectly to captilise on this; having excellent, widely used services, a great product,
and connections with governments and businesses around the globe.
- Welfare: A government run welfare chain issues tokens pegged to governments bonds. User data is transferred between private grocery
suppliers & healthcare facilities. Specific tokens are issued to give citizens greater control over their welfare, a set percentage are
transferred to food tokens redeemable in popular supermarkets. Data links to private childcare & health related facilities ensure citizens
automatically have a childcare spots, bureaucracy is reduced and transparent, traceable fund management is possible.
- Identity: An ID management chain issues citizens with identities on the blockchain, utlising IPFS to decentralise and secure the data.
Citizens can update their ID by uploading new documents and use this data in the private world to gain access to certain facilities and
services ie. a utility provider requests ID verification, they call a smart contract on the ID chain that automatically sends over the
relevant information needed.
- Voting: A national voting chain manages elections, referendums & polling. Citizen ID's are checked against the ID management chain
and verified tokens are issued to vote with. Votes are automatically tallied and the result declared instantly after the polls close.
- Notary services: A series of separate chains that talk to one another, registering birth certificates, marriages & death certificates,
interoperable smart contracts ensure instantaneous updates. Estonia is already using blockchains for these services, Ark's deployer makes
it much cheaper and faster for governments to trial & set up services such as this.
- Business, asset & land registration: Advantages include a reduction in crime - specifically fraud, less paperwork and bureaucracy,
and faster turnaround times making a much smoother process for citizens. Asset registry is already being trialled in the Netherlands.
The Netherlands Vehicle Licensing Organization, working with IBM, are using blockchain technology to register electric bikes.
Electric bikes are also fitted with a GPS locator and remove-controlled lock. The private ledger is accessible by the police,
local government and insurance company and enables faster, automatic insurance claims for a stolen bike
- Government Departments: A Parks Department runs admin duties through a deployed blockchain to provide maintenance management solutions.
i.e. Logging works, automatically letting the contracted maintenance team know when a fix is needed. Linking with equipment facility
providers and managing & monitoring wildlife statistics.
- Recruitment: A new company aims to make recruiting more efficient, by giving candidates greater control over their data and using
blockchains to manage and provide tools for administration duties. C.V's can be verified and shared with other recruitment companies
and employers, personal profiles can track user & employer data also interacting with education blockchains to verify course dates,
enrollment and grade attained.The profiles can be QR coded making it easier and faster for recruiters to scour talent.
- Small farm business: A deployed P2P, farm to plate blockchain, utilises decentralised delivery services that cuts out middlemen,
increasing profits for the farmer, cheaper goods for the consumer and a wider variety of products. The blockchain can track produce
throughout its life cycle, using sensors to monitor crop needs, offering full product chain transparency with QR coded labelled food to
see origins expiry dates & farm feed details, as well as a P2P payment service.
- Legal services: Lawyers are still needed, as litigation and legal theory will be required, but everything else in the field can
be streamlined. Deploying chains will make a lot of the current duties carried out more autonomous; Processing and filing documents/orders;
warrants; discovery; case publishing; contracting; real estate; wills (including almost the entire probate process); trust management etc.
Not only that but blockchains will streamline the whole legal process in prisons and prison management; law enforcement management;
- Leisure centres: Proliferating throughout the company structure, a series of blockchains can offer a range of benefits. When signing
up customers have no paperwork to fill out, but use an inhouse Dapp to enter their details, this is linked to a local healthcare
professionals blockchain and flags any medical conditions to be aware of. Customers have both options either sign up and pay in fiat, or
pay in recurring crypto payments. Once a fiat payment is authorised it is transferred to a company issued token, with a few extra thrown
in on sign up to facilitate token useage and in gym spending. The blockchain tracks gym use encouraging people to use via sending texts
and airdropping free tokens. The token pays gym fees, in gym products, PT sessions, loyalty points & anything else in the centre
i.e block swimming lessons, cafe products etc. The finance department is linked directly to gym sign ups & other revenue sources so there
is no delay waiting for inputting or any potential weak point for fraud or theft.
Higher Learning Institution
- EduCTX: An ongoing project built on Ark, aims to make the EU credit transfer system more streamlined and efficient. Grading and
credits can be transferred on a public ledger. University fees can be paid in crypto and fiat.
- Classrooms: Experimentation & familiarisation of blockchain technology is much easier thanks to Ark's deployed chains.
Lecturers/ tutors/ teachers can deploy and use blockchains in real time in the classroom. Sparking innovation and teaching others
in a practical manner, about the advantages of blockchain technology.
- Student union: Running a Student union on chain better engages students. Proposals & voting for the next Student union
leader / council can be shown & carried out via a voting app. Free voting tokens are airdropped to get students on board with blockchain.
A a second payment token runs alongside that's only accepted at university facilities i.e. bar, canteen, library. This can be only be
bought by Students of the university, checked against the enrollments list.
- Gaming: A popular CS:GO style game Dapp is created, the in game store allowing payment in Ark and any other crypto through ACES.
Game rewards like gun skins are limited and sold P2P through the store, as well on other marketplaces, bought by Ark.
- IOT: A series of deployed plasma based chains focus on interaction between IOT devices. Data and value for a range of devices are
funnelled through the chain for faster results.
- Motorsports: A motorsport platform can be deployed, that enables diagnostics and traceability from anywhere in the world, accessible
by all. Interaction with IOT sensors implemented in vehicles mean diagnostics are uploaded in real time and can be fixed faster.
- Sports: Clubs, companies and institutions can use deployed chains for a number of reasons. Ticketing will be the biggest, observable
change for fans; issuing tickets on chain reduces ticket touts drastically tickets will be capped at 1 or 2 per person checked against
their ID, users have faster entry in stadiums with Near field contact being used on turnstiles, the resale of tickets can be marketed
more effectively and events managed more effectively now that exact numbers are known. The tracking and selling of various rights becomes
easier and more transparent for questioning fans and institutions. Drug testing through an immutable, encrypted ledger promises less fraud
and corruption, better sharing of data between entities.
- A user creates a Dapp bARK (crypto kitties game), that runs on its own chain. The Dapp garners a lot of interest and transactions
between the holders and the Dapp chain are near instant thanks to the protocol swaps. Ethereum, Bitcoin, Zencash holders can play
seamlessly using an ACES service, with a small Ark fee charge. The charge being incredibly small thanks to the dynamic fee structure,
so that users barely notice a fee.
COMPLETED DEVELOPMENT GOALS
What have the developers finished?
Ark's roadmap has no set dates for completion, only rough percentage guides, although this mantra was broken recently with the unexpected annoucement of the release of the Core update.This can be a good thign as it gives the team leeway to test properly but also ensures no false hype / hope. The team work hard producing high
quality work and can be trusted to follow through on what they've started. Delays have typically been down to external factors i.e.
waiting for IOS to approve the mobile wallet app or testing, which took 6 months. Testing in the blockchain space is super important, once a blockchain or dapp
is running changes are hard, if not impossible to make.
Ark has a collection of working products and features that most other cryptos dream of.
Main net - A far cry from the promise of a mainnet given by ICO's and subsequent endless testnets. Ark has a working blockchain
network with a lot of users, and a working decentralised DPoS system.
Delegated Proof of Stake - A fairly new working consensus mechanism, the few cryptos that use this system have struggled to
get it to work as it should. Mainly down to incorrect implementation.
Core Version 2.0 - a large portion of time and work has been dedicated to updating the core code. The completion means that Ark
is completely its own project, any remnants of Lisk based code have been purged and rewritten. Removal of major and minor bugs, easier to
update, a reduction in actual code & updated features such as; dynamic fees, type 7 multi payment, utilisation of multi CPU cores etc.
See developers for more technicals.
Desktop Wallet - One of, if not the best wallet in the crypto space. A lite client, there's no long blockchain or peers to load,
just install and run.
Although, It's so much more than just a wallet. Seamless integration of other useful crypto projects i.e. uploading ID documents powered by factom
or a search function for smart contracts & Dapps powered by nebulas. An exchange feature working with a collection of cryptos & ACES.
Ledger wallet support & regular updates to match continuing Ark development.
Mobile Wallet - A big step towards adoption, making trading, exchanging & contract execution on the go possible. It share most
features of the desktop wallet; registering a delegate, changing network settings etc.
This is a great achievement, even ETH relies on 3rd party mobile wallets. It makes it so much easier for a new user to get into crypto
and the Ark payment option in stores one step closer. Continuous updates are applied too, such as the addition of a fingerprint scanner
Ark deployer - Allowing users to create their own blockchain, with a few clicks.
Deployed chain testnet clone - Allowing projects to test their code, on their own cloned testnet before making it live.
18+ SDKs to interact with the blockchain - including kotlin, meaning android apps can integrate Ark as a payment method and
Several blockchain explorers - see developers for the full list.
ACES: Automatic Contract execution Service - A working BTC & ETH exchange via smartbridging. A two way Ethereuem smartbridge with
contract execution functionality. Buy Ark and carry out a contract on Ethereum using the ACES service.
Business Entity status - very, very few cryptos are a recognised business and none in the same way Ark is. A cooperative society
based in France they face some of the strictest regulation in the world. This brings accountability and a promise of future development,
with team funds effectively being halved upon registration - a legal requirement that ensures Â½ of profits must go back into the business
Arklabs - Set up by Khanh Voung, Arklabs is similar to many other crypto/software labs. It essentially acts as an accelerator and
incubator for cutting edge technologies, projects and exposure methods.
The team behind the project is possibly the most important factor in widespread use and adoption. Ark has one the strongest
I've come across whilst researching many cryptos. Its big, varied and has talent in areas that may not seem relevant but will be
integral to furthering blockchain adoption in as many industries as possible. Many co-founders do important background work,
assisting with marketing, attending events, design work, small projects etc.
Here are the main ones you need to know about. Please note, due to a lack of publicly available information some summaries may
be lacking detail.
Mike doty - Co-Founder & Managing Director.
Mike takes a keen interest in IOT devices and hardware, but has a wide reaching experience, especially in blockchain development.
Mike has over 25 years in mechanical engineering and design. He has worked in the automotive, petrochemical, nuclear, aerospace,
medical instruments, and consumer products industries. He has consulted at Jet Propulsion Laboratory, Hughes Space and Communications,
EG&G Rocky Flats, Schlage Lock, Ethicon, DuPont, Bechtel, United Engineers and Constructors, Motorola, Ford, FMC, and numerous small
business clients. In addition he has hands on CAD experience, perfect for working with future IOT devices.
His IT experience includes system repair, data recovery, networking, and web development.
- 1977 - 1984 BS Degree in Engineering and Applied Science Caltech
- 1980 - 2009 CAD design & computer assistance.
- 2014 - 2014 Organiser for Google Ara Developers.
- 2014 - 2015 Co-Founder of Bitseed, a plug and play bitcoin lite node service.
- 2015 - 2016 Co -founder of Crypti & lead engineer. Develop and publish decentralized applications with your own side chains on
the open-source Crypti Platform.
- 2016 - 2016 Mechanical engineer for LISK but team disagreements saw him leave late 2016 to form ARK.
- 2016 - Present ARK Co-founder & Managing Director - A point click blockchain solution aimed at mass blockchain adoption.
Francois-Xavier Thoorens - Co-Founder & Chief technical officer.
Started out his career working on various fishery & maritime EU projects specialising in; satellite, radar, & 3D reconstruction.
He went on to found his own consulting firm, which focussed on data management & worked with the Institute Gustave Roussy to produce
clinical cancer trials.
Francois has also founded a couple of successful start-ups, Sigmeus & Donatio. He is a full stack developer with a very impressive
background in software development. From 2016 he has been firmly focused on the blockchain industry. He was one of the core developers
at Lisk but left the well funded project due to disagreements in vision going on to found Ark alongside Mike and others.
One of his most recent, notable, pieces of work is the Ark mobile wallet, check it out on the app /play store to get a taste of
- 2000 - 2004 Telecom & Management SudParis (a telecommunications research & higher learning centre) Masters in telecommunications
and image processing.
- Groovy/Grails, meteorjs and nodejs. Full-stack Developer.
- 2004 - 2004 Stagiaire for the European commision; Developed SUMO software which processes fishery radar satellite images.
SUMO : Search for Undefined Marine Object, the leading platform for SAR Images analysis dedicated to Maritime Surveillance, used
by EU, NATO, ESA.
- 2004 - 2010 Scientific Project officer for the European Commision: focusessed on fisheries & maritime satellite infrastructure.
Held several lectures on the Vessel detection system.
- 2010 - 2014 Therooens Consulting; Data management solutions and more. This led to VenturaCare: innovative solution to manage
Clinical Trials on Cancer, based at the leading research Institut Gustave Roussy. He was appointed as the head of development.
- 2016 - 2016 - LISK lead core developer - Stabilisation of the blockchain network, User interface improvement
- 2014 - Present CEO at Sigmeus - http://sigmeus.github.io/
- 2014 - Present CEO & CTO at Donatio; an innovative way to manage donations for charities
- 2016 - Present - ARK Co-founder & CTO - A point click blockchain solution aimed at mass blockchain adoption.
Francois has built so much for Ark and continues to make regular upgrades. He took the lead role in creating all wallet types,
take a look at his github.
Lars Rensing - Co-Founder & Chief financial officer.
Lars has a solid financial background, a driven man, during his 5 vocational degree he interned at three reputable dutch
companies that mainly focussed on contract tendering and procurement. He went on to work in the construction industry as an
assistant calculator and a cost engineer. He founded Ark whilst working for Van Wijnen construction group, and committed his
full attention to the project in mid 2017. As of March 2018 he has been listed as an advisor to DigitalBits, a platform for next
generation loyalty programs.
- 2004 -2009 Havo (High school diploma) Nature and technology.
- 2009 -2013 HBO (Masters degree) - Field of Study Building Engineering Business Administration, Organization and Finances.
- 2011 - 2013 3 Internships at De Vree & sliepen BV & Besix.
- 2013 - 2014 Assistent Calculator at Basalt bouwadvies B.V. (construction).
- 2014 - 2015 Assistant Cost engineer at Hakkers B.V.
- 2015 - 2017 Assistent Calculator at Van Wijnen construction group
- 2016 - present ARK Co-founder & Chief Financial Officer - A point click blockchain solution aimed at mass blockchain adoption.
Travis Walker - Chief Marketing Officer & Co-Founder.
Travis is Ark's CMO, he regularly attends conferences & events, you'll often find him at the booth talking to interested
parties. He carries out interviews for Ark and provides some great real world examples of Ark's
utility. His twitter page features news and images from Ark that you can't find anywhere else.
Stefan Neagu - Co-Founder & Project Manager.
Where to start with this little Romanian gem. He's done variety of work and has a good eye for innovation management. He started
out studying tourism and business, with emphasis on the outdoors, and volunteered for a number of organisations throughout his study.
During this time he was improving his IT skills and after his study, he landed a job in the IT industry as a systems engineer; he has
worked in the space since.
A notable role at the infamous RBS, a UK bank on the brink of collapse, Stefan implemented new IT innovations and left them in 2014
in pretty good shape. He went to follow a more headstrong path and founded a handful of projects that still exist today. Persona is the
most recent and in my opinion one of the best yet.
- 1999 - 2003 Bachelors in Natural Resource Recreation and Tourism at Eden Tourism Management University.
- Microsoft certified solutions developer (MCSD).
- 2004 - 2006 System Engineer at SC Lawrence Technodent.
- 2006 - 2008 IT infrastructure Officer at ABN AMRO.
- 2008 - 2014 IT infrastructure Officer at Royal bank of Scotland. Implementing a new core banking system Internet banking launch.
A particularly interesting and standout job in his career. RBS was hit hard after the 2008 financial crisis, major changes needed to
occur to the bank and it seems Stena was an integral part to its revival.
- 2016 - 2016 Country Ambasador for Lisk.
- 2016 - 2017 Innovation Enabler at European Business services, based in Romania. Innovation evangelism, organising hackathons and
built an internal innovation framework. Created Sparkbook; a collection of ways to enable and help entrepreneurship happen a collection
of ways to enable and help entrepreneurship happen.
- 2009 - Present - Co-Founder of Romanian Foreclosed Goods; The first Romanian platform designed for publishing, promoting and
monitoring the foreclosed goods.
- 2014 - Present - Consulting / advisor with a focus on Innovation & Bank business strategies.
- 2012 - Present - Co-Founder of Cloudfinity; a cloud storage provider.
- 2016 - Present - Blockchain Consultan.
- 2016 - Present - ARK Co-founder & Project Manager - A point click blockchain solution aimed at mass blockchain adoption.
- 2017 - Present - Co-Founder & Project manager at Persona - A blockchain based identity management solution.
Velislav Valkov - Co-Founder & Senior network Architect.
Bulgarian born, with a minimum of 16 years of experience in IT and networks, undertaken at major reputable companies it's fair
to say Velislav knows what he's doing.
- Virtualisation (ESXi, XEN, Proxmox).
- Storage clusters.
- Networking and security.
- DPoS Network Architect.
- DPoS Blockchain Test Infrastructure.
- 2002 - 2015 Systems admin at Bulgarian company Prista oil holding.
- 2005 - 2017 IT manager at Gold- Apollo Ltd; A furniture factory.
- 2016 - Present ARK Co-founder & Senior network Architect - A point click blockchain solution aimed at mass blockchain adoption.
Simon Downey - Senior IOT developer.
IOT Device specialist. Attends hackathons and other special events, most recently attended the Princeton Hackathon. Joined Ark
in August 2017, and has completed a few good Ark commits. Such as the Ark IOT pi paper wallet & C++ wrapper for machines.
https://github.com/sleepdefic1t / Sleepdev.sh
- Uni of toledo pyhsics 2005 - 2006.
- Full sail university mobile app development 2011 - 2012.
- Davis college computer science and engineering 2009 - 2010.
- 2006 - 2008 Manager & sales at WirelessToyz.
- 2008 - 2009 Technician & sales at Computer discount.
- 2011 - 2012 Manager at Unlimited mobile.
- 2016 - 2017 Ad evaluator for Leapforce.
- 2005 - Present Freelance PC & mobile repair, slyer signs and web media design.
- 2013 - Present Technician at Metro PCS.
- Present ARK Senior IOT developer - A point click blockchain solution aimed at mass blockchain adoption.
Khanh Vuong - Co - Founder.
Khanh has been an investor and believer in Ark from the start. He regularly attends hackathons, conferences and other events,
typically the bigger events like Princeton Hackathon. He has a wide array of technical skills ranging from server Architecture to
system administration, it's unclear what his exact role is, but its clear to see that he can pitch in with development and sell the technicals of Ark when needed.
- 1994 - 1996 Masters of Science in Material Sciences and Engineering.
All roles undertaken at Kaye Scholer LLP, an international Law firm based in Washington DC;
- 1999 - 2003 Desktop support Technician.
- 2003 - 2006 Network Support Specialist.
- 2006 - 2013 Network Manager.
- 2016 - Present ARK Co-Founder - A point click blockchain solution aimed at mass blockchain adoption.
Scott Mcpherson - Co - Founder and Board member.
An Emergency Physician by training, but generally a well rounded talented man. He originally started out in computer science,
then obtained a Bachelors in Physics/Business of Music, then a Masters in Environmental Physiology & finally became a Doctor of Medicine. He has been involved
in cryptocurrency since 2014. Scott is fascinated by the blockchain world and has done a few popular, well received talks about Ark.
Prior to entering Medicine he was a recording studio/live sound engineer working with artists such as Montrose, Cold Sweat, 805,
and Joe Bonamassa/Bloodline.
Rok Cernec - Co-Founder & Board member.
Matthew DC - Co-Founder & Board member.
Matt is a family man from the USA & games developer. One of the lesser known Co-Founder's of Crypti he has long been a
blockchain enthusiast and has close ties with Mike. An entrepreneur he has a few past projects, one being the FUDshow
and runs bounties for Ark, typically centred around design & video. He helped out Lisk quite a bit, writing various
articles on FAQ and technical topics, he also used to run a delegate. He brought up certain gripes with Lisk and left to form Ark.
Chin Song - Co-Founder & Support director.
Possibly one of the most vocally passionate Ark team members. He's quick to shut down those who hate on Ark. A former marine,
he worked a couple of roles between 2001 - 2012, first a MAGTF planner then a network systems all rounder. He has strong program
management and leadership skills. You'll often find him at events and conferences manning the booth, pushing Ark at a grassroots
Oleg Shcherbyna - UI/UX designer & Artist. Joined Sep 2017.
Lucio Rubens - Full Stack Developer. Joined June 2017.
Kristjan Kosic - Core developer. Joined Nov 2017.
Another Super Slovenian on the team! He has an extensive C.V. focussed in the IT industry, working in roles such as; developer,
system architect, project manager & researcher and teacher at the University of Maribor. He is also the CEO of Adora - a company
dedicated to helping surgeons through hardware devices and software solutions.
Kristjan has a Bachelor of Science in Computer and information technology, Informatics (2006) and is currently finalizing his
PHD in Computer and information sciences, the research topic being; Human Computer Interaction related to usability factors and
overall technology acceptance. He carries out frequent github commits and has helped immensely on the new core update.
Kristjan is already utilising his academia connections, and experience, to bring projects to Ark. He is an advisor to EduCTX a
blockchain project for the European credit transfer system for higher learning institutes. The project uses Ark's template
deployable chain technology to spawn and test the system.
Juan martin - Senior Full stack Developer. Joined Nov 2017.
Alex Barnsley - Full stack Developer. Joined Nov 2017.
Adrian Kerchev - Network Architect Joined May 2018.
Bulgarian born Adrian has a wide breadth of Network experience. Rivalling that of the network lead Velislav, which is really
encouraging, the two together will make a formidable team, especially as they both speak the same language (Velislav is Bulgarian).
Adrian has been in the industry for 18+ years and has worked for two major ISP's; Networx Bulgaria LTD. & MultiLink LTD. & has spent
the last 5+ years working with virtualisation environments, a perfect fit for Ark.
I strongly suggest you browse his Linkedin profile and the blog article. This short paragraph does not demonstrate the quality and
experience that he has.
Community / Freelance Developers:
There are simply too many to list fully. A handful of developers have been recruited from their contributions, expect more to follow.
To give you an idea of the level of contribution browse through the Ark ecosystem github.
https://github.com/ArkEcosystem/ark-desktop/graphs/contributors - 41 contributors
https://github.com/ArkEcosystem/ark-mobile/graphs/contributors - 22 contributors
https://github.com/ArkEcosystem/ark-explorer - 16 contributors
https://github.com/ArkEcosystem/ark-node - 17 contributors
More to come
What is Persona?
Persona is an Identity management solution, aligned with the latest EU Data regulations.
Utlising Ark as a way of generating their blockchain, Persona aims to make identity
management more efficient and secure. The individual spends less time updating their data and
service providers can access the latest version of the customer data.
What does that mean?
A direct quote from Stefan Neagu (Ark & Persona cofounder) 'You upload your files (documents,
copies of your ID) on an IPFS implementation over Persona blockchain. They are encrypted by the
blockchain itself using your private key. Let's suppose you want to sign up for a contract with
a new mobile carrier. You have your identity checked on Persona blockchain. What the mobile carrier
staff will do will issue a request to have read access to your details. They will generate a QR code
that you scan with your phone and you'll see that X company is requesting access to your date birth,
address and ID. You'll sign with your private key and give access to your uploaded documents on
Persona blockchain to see if the person they have in front is the same with the person from the documents.
And that's all. Every company that has an on boarding process they have just to make sure that the
person they have in front of their eyes is the same with the person of which documents they are checking.'
Stefan Neagu, Ark cofounder & project manager founded the project and advisors feature Ark team members
such as; Mike Doty - Managing Director & lead Dev.
It seems as if this project is the first in the 'grand vision', stipulations state that 12,000,000 PRS must
fund 10 other start-up projects that use persona for verification. An excellent way to improve an encourage
use of the system. It's clear this will be a deep partnership, Ark will use Persona heavily; vetting delegates,
KYC checks for fork projects, expanding into current company structures etc. It's an ambitious, unique project
that will ensure Ark is best placed to deal with any upcoming regulation and will a driving factor in Arks growth.
What is EduCTX?
EduCTX is a blockchain higher education credit transfer system, based on the European credit transfer system.
It offers a trusted, decentralized higher education credit and grading system that can offer a globally unified
viewpoint for students and higher education institutions (HEIs), as well as for other potential stakeholders such
as companies, institutions, and organizations. EduCTX will process, manage and control ECTX tokens, which represent
credits that students gain for completed courses such as ECTS. HEIs are the peers of the blockchain network. It will
remove many language and administrative barriers present in the current system.
Created by a Slovenian team, led by Muhamed Turkanovic, featuring KRISTJAN KOSIC - Ark cofounder & core developer,
as an advisor. EduCTX utilises Ark deployer to create its own blockchain, but with all the benefits that come with using
ark; developer tools, connections and contract execution of other cryptos. A student could, say, pay their admin fee
using any crypto, which would automatically settle in whichever other crypto EduCTX decides to accept.
EduCTX improves on existing systems, using Ark, placing it at the forefront for Academic institutions. Academia has
long been a focus for Ark's growth, attending hackathons at various universities, attempting to scoop up developers, being
the first useful blockchain interaction for many.
Increasing exposure via a targeted, well thought out, useful project will bode very well for Ark. Students may not know
that their credit & grading system is on the blockchain, but you can be sure higher learning institutions will know of Ark
and its capabilities. It's likely that they will look to Ark to provide solutions & improvements, increasing administrative
efficiency or utilising Ark in academia projects.
What is Kapu?
An archaeological blockchain with the aim of recording human history on the Blockchain and educating more people about
our history. Using a public ledger Kapu catalogues new archaeological finds, and adds past finds. In addition to this, the
blockchain will utlise virtual realtiy, augmented reality, 3D rendering of historical sites and a variety of media services
to bring the past alive, hopefully engineering a more engaging approach to our history.
The coin is critical for nortisation, and allowing archaeologists to license, create and do things that were otherwise not
possible, all through the use of open data.
Founded by Martino Merola & Giorgio Isola, the team is decently sized and well versed in their respective fields. They
have support from two major Ark team members; Mike Doty - as an advisior and Lars renning - as advisor & Ark escrow. The
project is under management by the main team, Ark team members are available to support any blockchain issues that arise
& any future updates etc.
What is Blockpool?
Blockpool is a blockchain based company with a variety of goals and aims. Marketing themselves as a Platform as a service
(PaaS )to large organisations and SME's they provide; consultation & programming services for blockchain & Dapp projects and
enable companies to create their own blockchains through their own Application programming interface. They offer a range of
plugins and payment methods that make it super easy for a company to get into the emerging blockchain industry.
You can think of Blockpool as a smaller, business orientated, ecosystem, similar to Ark, with a strong area of focus in
revamping & connecting existing legacy systems together, B2B. The blockpool token essentially gains value from being an access
token, enabling the mainchain to interact with the platform.
Founder Ken Foster has been in the Blockchain industry for a number of years and created the first serious currency for
music, audiocoin. He, alongside the team, reached out to Ark to help launch the platform and has since created close ties to
the Ark team, who sit on the board as Advisors. They share ideas, code and support each other in minor ways.
What is Cesirae?
A platform of sorts Cesirae improves companies, and thus customer/user experiences, using blockchain technology. Cesirae aims
to do all the leg work for a company wanting to use blockchain tech. they'll set up personalised, industry specific blockchains,
tailoring them for each companies and linking them together to provide the customer/ user a better experience. That's the real
aim here, a better user experience and getting blockchain adopted with hands on, practical user experience. They'll develop user
apps and ensure that users have a seamless transition into this space. Cesirae was an Erc20 token, an Ethereum deployed token,
they choose Ark to create & run their main net for a variety of reasons; ease, developer tools, smartbriding connections etc.
What is Blockport?
Blockport is the first social crypto exchange, based on a hybrid-decentralized architecture, trades being centralised,
your private keys being decentralised. It aims to offer a wide array of fiat pairs and allows the user to own their private
keys. Users can follow their favourite traders, executing the same trades and communicating directly with them.
Created in Amsterdam and Blockport is all about adoption. A familiar user interface & ease of use for new market entrants,
coupled with the ability to follow other experienced crypto traders will ensure growth is a given. It will also aggregate
liquidity across public exchanges to ensure buyers and sellers are always available at, or as close to, market price.
Blockport has partnered with Ark, the only registered and regulated EU crypto company in order to maximise exposure and
growth. Blockport will be funding a buy in function for Ark wallets, trades will be executed in the background and users will
receive Ark at the click of a button, no more buying through exchanges, users just download the Ark wallet & buy through paypal,
debit or credit card. This will propel Ark's growth, adoption & price upwards. Combine this with a fully fleshed out ACES service
and it's easy to see how close the relationship between the two will be, struggling liquidity on a new token? Utilise an ACES
service to fill the gap.
A workshop company that has a couple of locations in California where a person can rent building supplies and tools with
ARK tokens. They specialise in teaching manufacturing processes; CNC work, use of a plasma table, 3D printing etc.
Ledger hardware wallets actively supports only a small number of currencies, 20 - 25, Ark was one of the first 10 and the
only (to date) DPoS coin to garner support. Both the Ark Desktop and mobile wallets are compatible with ledger wallet, meaning
HD wallets can be generated without any worries of passphrase security and a new Ark address can be generated directly from
the ledger device. The real bonus of Ark integration is that all deployed chains will have ledger support from the get go, an
extremely attractive feature for developers and users alike.
Both the French and Swiss governments have strong interests in Ark. Officials attended Ark Con in March 2018 to learn more
about this emerging industry and how Ark will be a leading company in years to come. They had a specific day separate from Joe
public, alongside university professors, economists and journalists.
But more importantly, Ark CTO FranÃ§ois has been assisting in drafting French legislation, regarding ICO's and further crypto
regulation. He's taken on a sort of advisory role, already having experience with government processes whilst working with the
EU, it makes a great fit.
Furthermore, Ark's registered business SCIC status is the first of its kind in France for over 200 years, and was an important
step in solidifying Arks future, but also highlights how innovative and influential the Ark project and team is. The team initially
looked at creating a Swiss non-profit foundation, but opted for the cooperative society structure due to the unique governance and
profit sharing structures. It's also important to mention that they had advice from a French lawyer, Arnaud Grunthaler, who is also
a member of the French Stratagie think tank for the current cabinet.
Talk about networking!
Finally, the French Prime minister & finance minister have publicly declared that they are aiming to become a big player in
this space and already, they have many good startups based in the country; iExec, Substratum, Request network, Keex, Belem & more.
Ark has a handful of great relationships with Universities, and although there are no official partnerships they are too many
connections, talks and events going on not to mention their interest.
University of Geneva (UNIGE, Switzerland) Ark CTO Francois was invited by the computer science department to present a talk
on Ark. The department added a blockchain masters programme in 2017 and was assessing Ark's capabilities on being the platform of
University of Maribor (Slovenia) - A small team from Maribor University have utilised Ark to create and deploy their own project;
Eductx, a European higher learning credit transfer system. Also, Ark developer Kristjan KoÅ¡ic is a lecturer and researcher at the
university, he's taken an advisory role on the project.
ToFinance student conference (Bucharest) - Ark & Persona cofounder Stefan Neagu was invited to present a talk on the emerging
blockchain industry. Hosting over 200 economic students Stefan sat on a panel and discussed the various potential futures of the
industry, and how Ark aims to be a top platform of choice.
Attending Hackathons is one of the biggest, and most useful marketing strategies to date. Selling young developers on
Blockchain and Ark by practical use. Ark has been the title sponsor of many Hackathons and send their best and brightest
to give assistance to the students.
They've certainly got around over the past year attending; Hack Cambridge, Hack Princeton, Bitcamp (University of Maryland),
Blockhack (Universtiy of Delaware), & HackUC - which is a collection of 5 schools from the New jersey area that specialise
in computer science, engineering, health & performing arts.
In addition to touring universities, Ark has also sponsored and attended privately funded hackathons; JSHacks - Bucharest
Blockchain Edition, & Open Geneva - Ark hosted their own hackathon partnered with two Swiss companies Prodibi (picture sharing
platform) and Fusionhub (Blockchain lab specialists).
Recently Alex (Ark developer) collected all the projects created at the various Hackathons and put them in one place. Projects
are varied ranging from a medical blockchain with heavy utilisation of IPFS to a security system that uses facial recognition
software and the blockchain for keyaccess. These projects truly highlight the power of Ark and potential applications.
What is Blockhub?
Blockhub is a company ran by three young Dutch nationals. The company offers a range of services; providing experienced
delegates for blockchains, leading and assisting application builds and providing consultancy.
The team behind the company, Robert, Karl & Ruud have close ties to the Ark team. They set up real world meetups and run a forging delegate on Ark and have minor influence over the direction and progress of Ark,
innovating as delegates and promoting Ark to new entrants to the space.
These close connections and financial incentives provide some security for people looking to Blockhub for assistance.
They are a good choice for freelance developers looking to start a project in the space.