Hi, I am new to ARK and looking for a place to park my investment for long-term. I have a few questions hoping anyone who's knowing Ark well to give me some answers for the following questions below:
1. Is Ark a competitor of Stratis, Waves, Ethereum, Lisk?
2. Is Ark built to host ICO's.
3. If Q2 is yes, when will it be able to, give your best Guess?
4. Why do you think Ark is a must have long term investment?
Thank you in advance.
I cant answer all your quastions but here is an interessting short review about ark... i guess the first page of this thread also gives some infos about it ...and read the WHITEPAPER (
https://ark.io/Whitepaper.pdf)
https://bitcoinexchangeguide.com/ark-ico/In laymans terms, ARK wants to make it easier for ordinary people to use the blockchain. Heres how the ARK whitepaper explains it:
Bitcoin brought us the blockchain. Ethereum brought us smart contracts. Altcoins brought us their unique features. So where are the services for the ordinary consumer instead of only speculative instruments for the trader?
With that in mind, ARK is creating an ecosystem that aims to facilitate consumer adoption into blockchain technology.
Most people today know ARK for its cryptocurrency. However, ARK describes itself as not just a cryptocurrency it is an ecosystem meant for cryptocurrency mass adoption.
MY PERSONAL EXPERIENCE AS INVESTMENT:
I keep on buying more and get my staking rewards
bought my first in March this year...
i made a nice 1600% profit on my fiat investment...i will keep on holding.
Thank You and very appreciated for your answers, Ben. I understand that ARK is building an Ecosystem for mass adoption with six different programming languages, but what does it use for exactly? to host ICOs? trading platform? advertisement and communication platform? or kinda all-purpose platform?
Ok, I just went back and read the articles from the links you've provided above. This part it says,
"the ARK Crew can connect many popular blockchains and create a unifying bond among different ecosystems. So far, theyve linked bitcoin, Ethereum, Lisk, third party anonymous network, multiple gaming economy tokens, and other bridges connecting new blockchains."
If the purpose is just to provide a mean for linking various blockchains together, then
So what is so special about ARK? Who are the target end-users? Not every likes Caviar! LOL
This link discribes it really good...as a usecase in the real world..maybe somewhere in the future...i guess most of all project tokens are now more speculative for trading them to make some money..it all will take time..