The growth of blockchain is often called the second biggest technological revolution after the internet in recent years. Not only do blockchain ecosystems provide incredible speeds, security and transparency but their borderless policies also contribute to the idea of a world united by trade. However, many seem that the technology is complicated to understand and work on it. ARK ecosystem, a Paris-based international software development firm, has come with the solution to make the technology easier for the world.
In an exclusive interview with Justin Renken, the Senior Brand Manager of ARK, The Coin Republic’s Community Manager Abhiruk Bhattacharyya aimed to explore ARK’s impressive growth in the blockchain ecosystem.
Abhiruk: What makes the ARK ecosystem so special?
Justin: That’s a great question and it’s interesting because ARK has been around for a long time. We really like to see all this growth and development in the industry, we are seeing a lot of great businesses coming out, great service providers to help out in the industry, but being some of the OGs in the space it’s interesting to see where we came from. When ARK just started and the blockchain industry was nothing close to where it is now, and I am not only talking about its mainstream adoption, I am just talking about the technology itself. And how difficult it was to use back then. Running a blockchain wallet was very nerve racking, with every single transaction you were sweating bullets, wondering if you typed in just wrong, or these menus were complicated and all these things.
So, ARK came about to really simplify things for both users and developers. We are trying to put that into practice by releasing products that empowers users and developers to harness blockchain technology, and get more results out of it. An example would be our product, the ARK Deployer, that allows one to launch a blockchain quickly and easily with just a few clicks. One click and all the background processes happen automatically, all the nodes get set up, and you have your own blockchain that you can use for whatever you want.
Abhiruk: So, recently I was interviewing a gentleman and he made a very interesting statement. He said that the rise of blockchain is a hidden revolution, because it’s game changing, but the majority of the population is still not aware of the tremendous potential of blockchain. What are your thoughts regarding this? Do you think it is a hidden revolution?
Justin: I think the proof is present when you look at the actual technology itself. The technology itself really encapsulates that concept of a hidden revolution. Because when Bitcoin, the first majorly adopted cryptocurrency and the most famous one yet, was growing, it was a young network. And through their Proof-of-Work network, Bitcoin was highly susceptible to attack, so it’s almost miraculous that BTC was able to gain that high amount of hash rate and stay secure through those years when it was more vulnerable to attack, like 51% attack and others.
So, we stand here today as the result of that very hidden revolution. Otherwise, the industry would not be here today, since it would not have got the time to better itself against adversaries. Also, I think it’s really interesting that people are talking about Bitcoin as digital gold. Bitcoin could become the world’s currency that countries would use to maintain their balance sheets, and to figure out who has how much assets. Like Bitcoin could become the world reserve currency especially with all of this money printing that has been happening recently after the pandemic. A recent statistic points out that over 20% of all US Dollars in existence were printed in 2020 alone. And if that doesn’t stop any time soon, then other countries will start losing faith in USD as their reserve currency and the next step will probably be a currency that the government can control the inflation with, which is Bitcoin.
Following the current scenario where blockchain technology is being adopted everywhere and in almost every sector, it seems like blockchain will surely become a game changer in the coming decade. Moreover, ecosystems like ARK are going to give a great boost to this growth by connecting users and developers through this incredibly fast, secure and transparent technology. To get a good understanding of the ecosystem and the technology, you can also follow our podcasts.
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