Categories: News

ARK Core v2 set for MainNet Launch on November 28th This Year

ARK, a Cross-blockchain communication ecosystem announced their highly awaited MainNet upgrade Core v2. It will be officially launched on 28th of November 2018.

As per reports, the Core V2 codebase is developed from scratch after relentless testing and fine-tuning, it will act as a backbone for the ARK Blockchain.

From the start, the team’s goal has been to be as accessible and scalable for custom blockchains as WordPress is for custom websites, and when coupled with ARK’s interoperability features creates the perfect ecosystem for interconnected plug-and-play chains.

Under the new architecture, nearly all aspects of the ARK code base could be modified, extended or replaced quickly and easily. This approach would allow Blockchain developers maximum flexibility in aligning their bridge chains to reflect their requirements.

ARK Core V2 Features

  • Dynamic fees — the addition of dynamic fees enabling delegates to set their own fees for transactions and Users have the option to modify and pay fees they are comfortable with for sending transactions.
  • Plugin system — The majority of ARK’s processes have been developed as plugins. Only a few lines of code are required to add or remove new plugins to the system.
  • Increased Transactions per second — increased no. of transactions that can be put in a single block from 50 to 150, bringing TPS from 6.25 to 18.75 (a 3 times increase).
  • New API — The new API is much more powerful and stable, provides additional endpoints, follows the latest API standards and gives developers more options.
  • Webhook Support — allows apps to provide other applications with real-time information, and delivers data as it happens.
  • Enhanced transaction pool management — this is leveraging the power of memory and SQLite for increased stability, reliability and foundation for more future enhancements.

Transitioning to Core V2 and more…

On 28th Nov, the ARK team will install the new Core to the main servers. As this is a Hardfork, everyone who wants to run a node will need to replace their old deprecated ARKNode code with ARKCore.

As the transition happens, users might experience small downtimes but the new Core will be much easier to integrate, plus by default comes with a JSON-RPC plugin (which a lot of exchanges use), so implementation will be easier and hassle-free.

For now, the focus will be to monitor and address any issues or bugs. After that Core v2.1 will go under development. The next major release for ARK is due for a release in early 2019.

Core v2.1 will bring in new transaction types such as timelock, updated multi-signatures, multi-payment support, increase size for SmartBridge field from 64 to 256 chars and will allow “Push.Button.Blockchain.” to fully shine with cross-chain interoperability options.

Additionally, ARK is working on

  • ARK Pay A simple open-source library that will provide merchants and vendors the ability to easily implement and start accepting ARK as a means of payment in online shops. Will be released in the coming weeks.
  • ARK Desktop Wallet v2 – A new desktop wallet built from scratch brings in a new codebase, improved UI, dynamic fee support and much more.
  • Whitepaper v2 – Rewritten whitepaper that will cover ARK basics, and go into more details of some of the aspects of it, along with the near and far end vision for ARK.

Blockmanity’s Take

Ark is ending this year on a high with major upgrades and release of additional products. The transition might result in a downtime for a few days but the transition is necessary for further ease of development in the future.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Rishabh

Rishabh Bose is a partner & news writer at Blockmanity. He is a productivity engine and has been a cryptocurrency & blockchain consultant since early 2018.

Share
Published by
Rishabh
Tags: ARK

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago