Ark coin is an impressive project. It is probably most well known for its ability to generate passive income similar to NEO. In this article, we’ll cover exactly what Ark is and how you can make passive income from it.
What is the Ark coin?
Ark claims itself as the “all in one blockchain solution” ARK provides users, developers, and startups with innovative blockchain technologies.
We aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable.
ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.
Ark aims to bridge the gap between all the different blockchains out there. Right now, each cryptocurrency runs on its own individual technology, making them incompatible with each other.
ARK employs smartbridges and listeners to allow blockchain networks to interact with each other and exchange data. The team is also working on a push button deployable blockchain that will let anyone deploy their own blockchain with ease.
What is smartbridge?
SmartBridges are used to “bridge” separate blockchains together through the ARK core platform. Basically, ARK becomes the intermediary between different chains allowing them to communicate with one another and trigger events across chains – something that isn’t currently possible.
Enabling SmartBridges on a chain is as easy as inserting a snippet of code that ARK provides.
Exchanges like Coinbase and Shapeshift also benefit from SmartBridges. These platforms can use encoded listeners to act as a medium for SmartBridge transactions while still charging their normal transaction fees.
With the integration of alternative programming languages, almost any developer can feel comfortable building on top of ARK. As of this writing, ARK already includes support for
Python, Elixer, Java, Go, PHP, Ruby and a few others.
Push button deployable blockchains can be used to easily fork ARK and create your own project. These forks are perfect for start-ups and come with many of the existing ARK features out-of-the-box. Even better, chains deployed through this feature automatically have SmartBridges equipped.
ARK claims to be one of the fastest crypto networks in existence, with speedy 8-second block times, making transactions nearly instantaneous. Ark is also highly scalable, which means that as Ark gains popularity and more transactions take place per second, the infrastructure will still be able to maintain its impressive processing speed.
You can see the impressive list of all the projects the Ark crew is currently working on here.
Where to buy ARK
Ark is primarily available on Bittrex and Binance as a trading pair with Bitcoin (BTC). There are other exchanges that support ARK, but their trade volumes are significantly lower than those two platforms.
You can check out the ARK website to see a full list of the exchanges where it’s listed.
How to make passive income with ARK
Alrightyyy, time for the encore! ARK is a cryptocurrency where you can make money while you sleep! Let’s go over how that works.
The innovation with ARK is that it has created a way to allow you can stake without even keeping your computer on. You can allow a delegate to mine the ARK for you. This is done through your wallet. You pay a fee to vote for a delegate and that delegate does the mining and then pays out what they promise. Each candidate is different and it might be worth it to look at what they’re up to and interact with them. However, if you just want to quick and dirty, how much you’ll be paid here’s a calculator and here’s another calculator.
Step by Step
- Buy ARK on one of the exchanges it is sold on
- Get an ARK wallet
- Set up your wallet with a secret passphrase
- Once you have ARK transfer it to your wallet
- Vote for a delegate
- Count your cash 🙂
It’s quite simple and straight-forward. The awesome thing about the ARK wallet is that it is extremely user-friendly and easy to set up.
ARK coin is an excellent way for you to diversify your portfolio in the cryptocurrency investing space. Instead of putting all your eggs in one basket, ARK coin allows you to diversify towards “dividend paying coins”.