ARK uses the Delegated Proof of Stake (DPoS)

This section outlines the technical aspects of the ARK Blockchain.

ARK is a Cryptocurrency Blockchain built as a derivative from Lisk, Crypti, and BitShares with unique differences and improvements to the Delegated Proof of Stake consensus algorithm. This code association provides simplified future interaction between ARK and other blockchain systems using DPoS as their consensus. This homogenous codebase allows for the potential to provide service bridges in the form of Lisk blockchain apps, along with any other additional systems provided by their Blockchain administrators.

ARK IS…
- A Community
- An Underlying Token
- A Set of Bridged Blockchains through SmartBridge
- Security
- Privacy
- Self-Sustaining

Delegated Proof of Stake[2]

Ark uses the Delegated Proof of Stake (DPoS) consensus system that was first introduced by BitShares. This consensus algorithm was designed to eliminate the issues associated with Proof of Work (PoW), namely the centralization of computing power and the exponentially increasing waste of real world energy. While not completely decentralized as it relies on consensus by a fixed number of elected delegates, it guarantees a better decentralization than Bitcoin. The consensus algorithm implementation is improved over time, evolving into an optimal consensus system.

The technical description of the ARK blockchain is as follows:

- DPoS (Delegated Proof of Stake)
- 51 active forging Delegates
- Delegates selected by vote mechanism built into DPoS
- 125 Million ARK
- Seeded Genesis Block
- Multi-signature accounts
- Constant block reward
- 2 $Ѧ per block - Inflation Rate (with 8s block times)
- 6.31% for the first year
- 5.93% the 2nd year
- 4.02% the 10th year

Atlas - ARK Token Exchange Campaign (ARK-TEC)

The ARK-TEC runs from Monday, November 7th to Sunday, December 11th, 2016. To be successful, the ARK Token Exchange must reach at least 2000 BTC total valuation. Otherwise, ARK-TEC participants are fully refunded. Besides Lisk (LSK), there is no maximum valuation of other cryptocurrencies collected.

Bitcoin and Lisk are the direct token exchange methods collected for the ARK-TEC. All other cryptocurrencies can be exchanged into BTC via Shapeshift integration during the ARK-TEC.

ARK Token Exchange Supplemental Information

To provide a fair bonus structure, ARK Crew records the daily 24 hour average of both cryptocurrencies based on listed prices from coinmarketcap.com[4]. At the end of the token exchange period, all daily averages are ranked in order, and the median value (18th element) is selected to determine a 35 day median price finalizing the bonus amount for each token exchange participant.

ARK TOKEN EXCHANGE CAMPAIGN
Live Now : https://tec.ark.io
Site : https://ark.io
Regards
https://tec.ark.io/#Tuyul Gupies