Ark (ARK) Price – Current Live Value

Ark (ARK)

Ark (ARK) was launched in 2017 as a cryptocurrency and platform for both the development of custom blockchains and for their interaction. This sandbox system means that users can employ the underlying blockchain for their custom needs, but then still communicate with other blockchain-based systems that are employing using different protocols. It was also designed to have significantly faster transaction times when compared to first generation digital currencies.

The value of Ark saw a gradual increase in 2017 leading into the industry-wide crypto boom and bust of 2018. During this price spike seen across most coins, ARK in particular rose by many multiples of its original value, more so than most coins. It has since fallen back to levels that remain elevated relative to its pre-crypto boom price. It is now a top 100 digital currency by overall market cap.

Ark was envisioned as an evolving platform for bringing the use of blockchain technology to the masses by offering an easy-to-use interface. The ability to create customized blockchain solutions based on the underlying protocol that can communicate with other blockchains was a key design element in this intended universality. Other features such as fast transaction times and an intuitive wallet interface for the coin are further evidence of this popularizing intent.