Category: Lons-Le-Saunier

ARK Core Continues to Shine as Updates Take Place, Paving the Way for DPoS Blockchain Technology

Bitcoin Press Release: ARK has been successfully developing their optimized version of the ARK Core and have provided behind the scene details of their recent progress. The new and improved version boasts intricate features to bolster the efficiency of the platform.

March 5th, 2018, Lons-Le-Saunier, France: ARK is proud to provide insight into their recent project the ARK Core v2. It was a necessity to undergo changes to prepare for the next generation of deployable DPoS blockchains. The ARK team has worked on implementing new features into the platform which will be discussed below.

The Crypti/ Lisk legacy code that the ARK project used initially needed to be scrapped as the team paved way for their own build. The work from Ark’s Contract Execution Services (ACES) and ARK’s internal work has shown that the goals could not be achieved with the core codebase at the time. The code was not fully adapted to facilitate the needs of the platform which required maintenance.

The journey started in the fall of 2017 when the company decided to rewrite the ARK core from scratch. The ARK team is pleased to announce that they are very close to releasing the beta of the project onto DevNet for public testing.

Exploring ARK Core v2

What’s to be found in ARK Core v2? Below is a list detailing the new features:

  • Running on Mac/Windows/Linux.
  • Single command line install.
  • Componentable (Relay Node, Forger, Transaction Pool, Storage, Public API, P2P API, option for your own components).
  • No need for snapshots anymore (if for whatever reason node gets stuck/forked it will delete x-number of blocks from the database and try to sync from ARK network, rather than the need to download snapshot).
  • Forging process running behind firewall.
  • Programmable State Machine with an auditing API.
  • Implementation of AIP11 (protocol serialisation).
  • Implementation of AIP14 (versioned restful API).
  • Implementation of AIP15 (WebHooks).
  • Leveraging multi processor capabilities (separate CPUs for Node, Transaction Pool and Forger processes).
  • Fast rebuild using SPV (with automatic switch to full rebuild when rebuild is close to network height).
  • BIP38 encryption of delegate passphrase in config file with One Time Password (OTP) encryption in RAM for security.
  • Rotating and compressing log.
  • Constants in config file, with progressive fork rules, to ease the configuration of deployable arkchains.
  • Support for various databases (MySQL, PostgreSQL, SQLite3, MsSQL, …).
  • Internal API for forger.
  • Revamped testing framework.
  • 100% compatibility with v1 protocol.
  • Dynamic fees (Fees will be set by delegates in their configuration files, bringing true governance one step closer)

ARK’s Co-founder, Francois Thoorens shared an example of what they have achieved:

“Once the blockchain is downloaded and assuming it is not corrupted, we have managed to perform a complete rebuild in a little over 1 minute for mainnet on a Macbook Pro. So now each time you restart your node, the script performs a rebuild so processes can be safely synced back to the network. We are still working to improve this rebuild to make a complete blockchain audit detecting any corruption of the blockchain.”

ARK is confident that this platform will fit the needs of anyone wanting to deploy a DPoS blockchain, being the best choice around and that the platform is ready for mass adoption.

About ARK

ARK’s aim is to offer users, developers and companies with a smart blockchain ecosystem that is an adaptable and scalable platform which will provide users with the easiest and most accessible service that technology has to offer. Their goal is for their creation to be mass adopted around the world.

There are a number of diverse individuals that pilot ARK as a company leading them to success including a new member who recently joined named Jeremy Epstein, who is a notable marketer in the blockchain industry. They have achieved some impressive feats like becoming the first cryptocurrency SCIC in France. The journey for this company has only begun.

Learn more about ARK at – http://ark.io/
Meet the ARK Team at – https://ark.io/#team
ARK YouTube – https://youtu.be/UWCsAFGnv5c
Catch ARK on Slack – http://arkecosystem.slack.com/

Media Contact
Contact Name: Travis Walker
Contact Email: pr@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

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ARK Con Has Been Announced: Ark’s First Official Meet-Up

Bitcoin Press Release: ARK Con is set to take place on March 22nd in Archamps, France, near Geneva, making it the first gathering for the ARK project. ARK are currently undergoing large-scale development, taking them forward into 2018.

March 5th, 2018, Lons-Le-Saunier, France: ARK Con will be a multiple day event which will consist of the ARK team and associates, alongside government officials and members of the AMF. The event will be open to the public, however only 100 tickets will be available.

The ARK project has gained a lot of traction recently with the addition of Jeremy Epstein. Jeremy has a strong reputation and is one of the most qualified marketers in the Blockchain industry. ARK is also well known in the industry for setting up the SCIC, based in France.

The journey has not stopped there, as the ARK team prepare to celebrate their 1st Birthday by organising ARK Con, an event that will bring numerous enthusiasts ranging from economists and industry influencers to promising students from the University of Geneva together. Curious individuals can gain access to the second day of the convention which takes place on the 22nd of March, 2018, only 100 tickets will be available to the public therefore it is important that they are secured early. Attendees  will have the opportunity to meet the ARK team alongside officials from the French and Swiss government and members of the AMF.

When: March 22nd, 2018, 9:30 am — 5:00 pm

Where: Archamps Technopole, 92 rue Ada Byron, 74160 Archamps, France

Issues at Hand

The aim of the convention is to discuss the future of the ARK project which will include assessing the roadmap for 2018. The SCIC business structure will remain an important topic to discuss along with the state and future of Blockchain and how awareness can be promoted by ambassadors of the company to make France a pro-blockchain nation and an alluring country for blockchain startups.

About ARK

ARK’s goal as a company is to provide users, developers and startups with an adaptable, smart blockchain ecosystem. It is an intricate virtual web of use-cases making the ARK ecosystem a scalable platform which provides users with an accessible service that has been designed for mass adoption.

The ARK team consists of individuals from around the world with a diverse background in numerous industries including education, engineering and development. This team is dedicated to building on this marvellous project with hopes it goes as well next year as it did this year.

Learn more about ARK at – http://ark.io/
Meet the ARK Team at – https:/ark.io/#team
ARK YouTube – https://youtu.be/UWCsAFGnv5c
Catch ARK on Slack – http://arkecosystem.slack.com/

Media Contact
Contact Name: Travis Walker
Contact Email: pr@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

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Marketing Marvel Joins Ark As Top Advisor In The Push To Educate The Community

Bitcoin Press Release: Blockchain Platform ARK has announced that it has appointed Jeremy Epstein as marketing advisor for the ARK project. Bringing with him over two decades worth of industry expertise.

February 21st 2018, Lons-le-Saunier, France: Jeremy Epstein, CEO of of Never Stop Marketing, with over 20 years of international marketing experience, has joined the ARK team as a marketing advisor to assist in the development of ARK’s education of community members into the value of the choices and investments surrounding ARK. Jeremy is an industry consultant brought on to help develop a strategy to improve brand awareness and messaging. He has been hired on to work with ARK as they move into the next phase of the ARK development cycle and he brings invaluable experience and connections in the industry.

Never Stop Marketing is recognized as one of the leading consultancies in the world focused specifically on helping companies with blockchain-based or decentralized solutions accelerate market awareness, improve market perception, and drive measurable growth– all with reduced risk.

Bringing Experience

His extensive marketing and business knowledge is unparalleled, having worked with companies such as Sprinklr and Microsoft. Recently, as VP Marketing at Sprinklr, he saw the company grow from a $20 million valuation and 30 people to a $1.8 billion valuation and 1400 people in just 4 years.

Not only that, but as a co-founder of leading crypto community Crypto Explorers, full of passionate collaborative think tank of individuals looking to understand the decentralised future. Jeremy can provide in-depth knowledge and create a streamlined marketing, educational perspective that can benefit the ARK project greatly. He also serves as Founding Director of the Blockchain Board, a brands-only, peer-to-peer networking group for the world’s largest enterprises seeking to understand implications of distributed ledger technology.

A renowned speaker and participant at many blockchain related events and research institutes, Jeremy has a total grasp on the functions of this new technology and a great understanding of how the complexity and sophistication of ARK will fit into it.

In addition to all of this he is a frequent contributor to VentureBeat, Bitcoin Magazine, and Distributed Magazine, as well as a regular guest on the Bitcoin Podcast and Cryptoverse. As one of the goals of ARK in 2018 is to sponsor, attend, present, and educate the general public and budding developers via the most respected and known conferences. Jeremy will be able to connect and utilise ARK at the best, to the best and with the best resources available to promote ARK to the community.

About ARK

ARK provides users, developers, and startups with innovative blockchain technologies. We aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.

About ARK’s Team

ARK was founded by 27 individuals from around the globe. Currently ARK has 17 core team members, coming from 11 different countries, dedicated to the success of the ARK Ecosystem and the next generation of integrated cryptocurrency and blockchain solutions. With diverse backgrounds, including engineering, medicine, education, front-end, and back-end development, the ARK Team has a robust team of diverse experts unlike any other in the space.

Learn more about ARK at – http://ark.io/
Meet the ARK Team at – https://ark.io/#team
Check out the Whitepaper – https://ark.io/whitepaper
ARK YouTube – https://youtu.be/UWCsAFGnv5c
Catch ARK on Slack – http://arkecosystem.slack.com/

Media Contact
Contact Name: Travis Walker
Contact Email: PR@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

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ARK Releases Technical Update — Introducing API V2

Bitcoin Press Release: All-In-One Blockchain solution, ARK has begun the testing phase of their Core 2 update, starting with their new API v2 software. This follows on from their recent business development with the release of ARK Deployer.

February 13th, 2018, Lons-le-Saunier, France ARK is known for its revolutionary blockchain platform which boasts a whole host of new and exciting technologies, their most notable being their SmartBridge functionality. The integration of SmartBridge functionality allowed ARK to bypass one of the most prominent issues surrounding different blockchains which was the isolation between each one.

SmartBridge technology allows the linking of different blockchains through the method of bridging, which creates simultaneous utilisation of multiple blockchain networks by simplifying the process of having to endlessly trade coins to gain access to rival networks. ARK’s most recent technical update focuses on keeping their new API v2 simple, clean and allow easy access for new developers to quickly jump in and extend it.

Happy with Hapi

The initial development of the API v2 started with Restify, as it is well established in the Node.JS world when it comes to API development. It soon however, became apparent that it did not fit the needs and goals ARK had for the new API.

This is where Hapi comes into play. Hapi offers a rich framework and plugin system that scales from the personal to the enterprise space, also allowing for ARK to implement every version of the API as a plugin which makes it possible to remove a whole API version by simply commenting it out. This is in line with ARK’s goal of making it as easy as possible to work with the ARK Core v2.

Making Improvements

A major issue with the API v1 was that it did not follow any standards and was not RESTful in any way. The API v2 will be fully RESTful and follow the JSON API specifications as closely as possible. What this means is that all API endpoints that serve resources like blocks and transactions will act like collections. So instead of calling `/api/blocks/get?id=` you will call `/api/blocks/{id}` where `/api/blocks` is the collection of  the record you request via `{id}` will be grabbed from.

This change will allow users to understand how the API endpoints work and are structured without having to continually check the API docs because the structure is standardized.

Full Throttling

An issue with APIs which allow public access is that they can be abused to perform attacks on servers by flooding them with requests, causing too many queries and killing the database. A small change to help prevent this is the introduction of request throttling. Throttling is not a replacement for a DDoS mitigation as it only affects the API from being flooded. The users will have the ability to check the request throttling is working by performing a request to any API endpoint and checking the response headers.

Caching

As previously mentioned, ARK will implement request throttling to prevent flooding of the API. Caching of API calls will additionally reduce the load on the database as most data in the blockchain is immutable. ARK leverage Catbox to provide a wide variety of drivers for popular caching solutions like Redis, Memcached or Riak. The goal of caching is never having to generate the same response twice, the benefit of doing this is that ARK will gain speed and reduce server load on the ARK Core v2.

The ARK Crew is famous for their continual commitment to strive ever forward as the pioneers of innovative and groundbreaking blockchain technologies. Their new API v2 will boast many new features including better data handling and providing throttling and caching right out of the box. By following the latest trends and established best practices the ARK crew will be ready to build upon their foundation with peace of mind for future releases.

Taken From:

https://blog.ark.io/ark-deployer-first-steps-towards-easy-blockchain-deployment-8ee53dd39952

Visit the ARK Official Website: https://ark.io/
Find on Facebook – https://www.facebook.com/ArkEcosystem/
Follow on Twitter – https://twitter.com/ArkEcosystem
Medium – https://blog.ark.io/

Media Contact
Contact Name: Travis Walker
Contact Email: PR@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

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All-in-one Blockchain Solution ARK Release Major Script Update for Blockchain Network Creation

Bitcoin Press Release: All-in-One Blockchain solution ARK proudly announces the release of ARK Deployer, a lightweight script that marks a major milestone toward the completion of the “Point. Click. Blockchain” system which is a major component in the ARK business model.

January 24th, 2018, Lons-le-Saunier, France ARK set out to create a blockchain solution that offers all of the traditional benefits that come with blockchain networks and systems; ARK is a platform that enables users, developers and startup companies to access exciting and groundbreaking blockchain technologies.

As stated on the website, ARK is setting up to create ‘an entire ecosystem of linked chains and a virtual spider web of endless use-cases that make ARK highly flexible, adaptable and scalable’.

True Progress

By making the blockchain readily available and accessible to many consumers, ARK builds bridges to allow for the simultaneous utilisation of multiple blockchain networks, simplifying the process of having to endlessly trade coins to gain access to rival networks, for example the two major networks Ethereum and Bitcoin.

In short, through the ACES Project (Ark Contract Execution Services) the ARK network can interact freely with Bitcoin, Ethereum and Litecoin blockchains via its genius SmartBridge technology, giving ARK the immense power to utilise their features, such as Smart Contracts which are the bread and butter of the Ethereum Network.

As of now, hackers, developers and anyone who knows enjoys a foray into new technologies have the ability to launch their very own blockchain that runs on ARK technology within minutes.

As the first step toward creating an extremely vigorous ecosystem, the ARK Deployer script gives enthusiasts the chance to begin learning the workings of the ARK ecosystem and familiarise themselves with the code, which is now available for demonstrations through Hackathons and conferences, the script will allow the world to test the limitations of the of the blockchain ‘web’ that ARK so desires to produce.

With Point. Click. Blockchain. You will be able to create your very own connected blockchain, it will not be built on top of the ARK main blockchain, it will be built in paralel. Giving you full control and customizability. Travis Walker at ARK said the following:

“Unlike ethereum and ERC20 tokens. all ark cloned chains can have their own blockchain that will be connected to the ark ecosystem. They will be customizable, you can set your blocktimes, number of delegates, and more. This gives you complete freedom and independance without bloating the ARK mainchain, but while still having the ability to utilize the entire ecosystem”

Blockchain on Demand

For many blockchain technologies it doesn’t seem like a necessary technological tool because of their current reputations and the little public knowledge of how they work. A startup for instance would benefit from blockchain tech as it collectively tracks and unifies events, movements of product, whatever it may be across all parties and give them all the same copy of the ledger.

The benefits are far reaching; a single source of truth for instance will enable all parties on the network to see the same data which also adds a layer of security to business practices and processes.

A startup company can benefit immensely from the Ark Deployer script and begin to build their own blockchain network, one that offers a single truth source, reduces the reliance on costly intermediaries that tend to increase business costs and generate time wasting inefficiencies.

The future of Ark is gleaming at present, once the vision of Push-button blockchain deployment has been realised, there will be a fascinating boom of blockchain understandings and fundamentals as well as the further adoption of the Ark networks fluid and scalable blockchain software.

ARK Official Website: https://ark.io/
ARK Blog post: https://blog.ark.io/ark-deployer-first-steps-towards-easy-blockchain-deployment-8ee53dd39952
Find on Facebook – https://www.facebook.com/ArkEcosystem/
Follow on Twitter – https://twitter.com/ArkEcosystem
Medium – https://blog.ark.io/

Media Contact
Contact Name: Travis Walker
Contact Email: PR@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

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ARK Announces Sponsorship and Attendance of Miami Bitcoin Conference and Cambridge Hackathon

Bitcoin Press Release: ARK announces sponsorship and attendance of Miami Bitcoin Conference, one of the biggest blockchain conferences in the world and Hack Cambridge, a popular hackathon in the latter half of January 2018.

January 12, 2018 – Lons-le-Saunier, France: ARK, a revolutionary blockchain-based platform for consumer adoption is working on a new level of user interaction which will make blockchain readily available for people from all spheres of life. ARK is considering one of its primary goals of 2018 to educate and apprise the general public of the capabilities of their well-established platform.

The team behind the development of the groundbreaking platform have announced a contact movement throughout the globe for this purpose. For the month of January 2018, ARK has announced premier sponsorship campaigns for two big events of the month; The North American Bitcoin Conference (TNABC) on January 18th and 19th and Hack Cambridge Hackathon slated to take place from 20-21 January 2018.

The North American Bitcoin Conference

ARK has announced that it is a gold sponsor for TNBC, one of the biggest bitcoin and blockchain conferences in the world. ARK’s Dr. Scott McPherson, an integral part of the ARK team, will deliver a keynote address at the conference at the main stage to educate the public about the advancements in blockchain and the ARK platform itself.

Hack Cambridge

ARK have also announced that the platform is now a GIGA sponsor of Hack Cambridge, a respected conference + hackathon in one of the most prestigious educational institutes in the world, Cambridge University. Over 300 programmers, student hackers and designers will take part in the hackathon and conference from around the world.

ARK is using this opportunity to attract new talent into its team via “presentations, workshops, demos, technical support, and the always popular swag”. The ARK team will engage participants, community developers and students in new ways to put the platform and the blockchain into real world applications.

The following ARK team and community members will be attending HackCambridge:

Kristjan Košič — back-end ARK team developer

Alex Barnsley — full-stack ARK team developer

Karel L. Kubat — ARK community developer

Ruud Seegers — ARK community developer

About ARK Ecosystem

ARK is a new cryptocurrency ecosystem focused on consumer adoption through a series of innovative core technology advancements, practical applications for everyday use, and strategic partnerships with industry leaders. By utilizing the ARK SmartBridge, ARK will be able to link together existing blockchain technologies into the ARK Ecosystem and build a robust platform that will bring a new level of user interaction.

About ARK Team

The ARK Team was founded by 27 individuals from around the globe. Currently ARK has 17 core team members, coming from 11 different countries, giving a decentralized team a whole new meaning. The team is dedicated to the success of the ARK Ecosystem and the next generation of integrated cryptocurrency and blockchain solutions. With diverse backgrounds, including engineering, medicine, education, front-end, and back-end development, the ARK Team is a robust team of diverse experts unlike any other in the space.

Learn more about ARK at – http://ark.io/
Meet the ARK Team at – https://ark.io/#team
Check out the Whitepaper – https://ark.io/whitepaper
ARK TEC ICO website – http://tec.ark.io/
ARK YouTube – https://youtu.be/UWCsAFGnv5c
Catch ARK on Slack – http://arkecosystem.slack.com/

Media Contact
Contact Name: Travis Walker
Contact Email: PR@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

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Blockchain Platform ARK Forms Partnership with Decentralized Exchange Blockport

Bitcoin Press Release: Blockchain Platform ARK has announced that it is currently engaged in a strategic relationship with Blockport, a decentralized trading platform designed for beginners and advanced level users alike. hello

January 12th, 2018, Lons-le-Saunier, France: ARK has unveiled a strategic partnership with a new promising decentralized crypto trading platform; Blockport. The move comes after ARK announced a worldwide mass contact movement aimed at educating and apprising the public regarding ARK’s groundbreaking features.

The latest development from ARK shows that apart from public education and awareness, the company has decided to show its real consumer adoption value to the public. ARK founders believe that once developers and ICOs get to see the useful and swift application of the ARK platform, the popularity and anticipation of the full version of the platform will increase, thus benefiting the platform’s future prospects.

What’s in it for Both Teams?

According to ARK sources, the company’s partnership with Blockport is because of mutually beneficial reasons. ARK is in the business to deliver easy tools for mass level adoption and Blockport is a decentralized exchange and such that it needs to incorporate user-friendly features on its system. Exchanges should be made easily operable and Blockport has therefore reinforced their vision with a simple motto: “Everyone should be able to trade cryptocurrencies”

The partnership began with the team from Blockport connecting with the ARK platform and developing a crucial synergy between the two entities. Blockport’s decentralization quest involves pegging cryptocurrencies to all major fiat currencies available. Blockport’s vision is that eventually all human elements will be removed from the day-to-day operations of their exchange, representing a significant advantage over competition. The ARK team is expected to help blockport in achieving all of their user-friendly applications.

CFO of ARK, Lars Rensing, is joining the Blockport team in an advisory role according to company sources. He will primarily be advising the decentralized trading company on how to use ARKs capabilities in simplifying the trading experience for users from all backgrounds. According to official sources, novices will also be able to set up their accounts and trade in it with ease. ARK will be crucial in achieving this promise. Lars will also help in developing a strategy which will be effective for both companies.

About ARK Ecosystem

ARK is a new cryptocurrency ecosystem focused on consumer adoption through a series of innovative core technology advancements, practical applications for everyday use, and strategic partnerships with industry leaders. By utilizing the ARK SmartBridge, ARK will be able to link together existing blockchain technologies into the ARK Ecosystem and build a robust platform that will bring a new level of user interaction.

About ARK’s Team

ARK was founded by 27 individuals from around the globe. Currently ARK has 17 core team members, coming from 11 different countries, dedicated to the success of the ARK Ecosystem and the next generation of integrated cryptocurrency and blockchain solutions. With diverse backgrounds, including engineering, medicine, education, front-end, and back-end development, the ARK Team has a robust team of diverse experts unlike any other in the space.

Learn more about ARK at – http://ark.io/
Meet the ARK Team at – https://ark.io/#team
Check out the Whitepaper – https://ark.io/whitepaper
ARK TEC ICO website – http://tec.ark.io/
ARK YouTube – https://youtu.be/UWCsAFGnv5c
Catch ARK on Slack – http://arkecosystem.slack.com/

Media Contact
Contact Name: Travis Walker
Contact Email: PR@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

The post Blockchain Platform ARK Forms Partnership with Decentralized Exchange Blockport appeared first on Bitcoin PR Buzz.

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ARK Becomes France’s First Cryptocurrency SCIC

November 29, 2017, Lons-Le-Saunier, France — ARK Ecosystem is now incorporated in France as a cooperative society (SCIC), registered under n° 833 439 300, with a structure matching our open source blockchain organization. It is the first of its kind in the crypto world, and one of the first blockchain projects to incorporate in the European Union.

SCIC is the French acronym for “General Interest Co-operatives”. It is a new private, common interest co-operative which allows anyone — employees, users, volunteers, public bodies, companies, associations —to act together in a legal framework to govern an entity.

All SCIC members are shareholders and will belong to of one of the statutory categories : Founders, Advisers, or Employees.

The vote principle is : 1 shareholder = 1 vote.

The ARK crew, being initial share holders, will choose the Executive Board of the legal entity, which permits ARK to continue the current board structure.

A long process

ARK decided on the SCIC after working with their legal team and evaluating different options for creating a legal entity. After deciding that incorporating through the Swiss Foundation — a popular option for blockchain projects — was not the best choice for ARK, the team turned to France.

There, they found the SCIC incorporation process. According to the team, that option had almost everything they had been looking for in terms of incorporation.

As a SCIC, ARK will be able to structure corporate governance based on a board of directors and input from the ARK community. Additionally, SCIC incorporation allows ARK to establish a well-defined structure without legal ambiguities related to capital gains and taxation.

Through its SCIC status, the ARK board of directors — except for founders and employees — can name additional shareholders. These new shareholders can also be appointed to the supervisory board, as provided for in the charter. The charter may be amended as often as necessary.

In French Law, the SCIC format also allows public institutions to become shareholders if seen fit by the board.

As a common interest benefit company, an SCIC must keep at least 52.5% of the company’s profits as legal reserves. In the case of Ark, there is no plan to do any distribution of profits to shareholders. Therefore, it will hold 100% of any profits for use in development, marketing, and operations.

An exciting road ahead

This establishment of ARK’s SCIC in France is not only the first of its kind, but it will also bolster the credibility of cryptocurrency in France, the European Union, and the rest of the world.

The prospect of ARK and its SCIC formation has attracted the interest and enthusiasm of some regulatory institutions. During this process, ARK was invited by the Autorité des Marchés Financiers (AMF) —the French regulatory body for financial markets — and the Banque de France (National Bank of France) to present the ARK Project and explain the conditions of the ARK TEC. The discussion was in-depth and encouraging. Conversing with the AMF on how to best comply with French laws resulted in a positive two way conversation with the French government.

The team at ARK is proud to play a part in France becoming a crypto-friendly environment, and proud to be the leaders in this huge step forward in cryptocurrency adoption. And now that the SCIC is finalized, the team will be able to expand and advanced the ARK blockchain technology, which will provide more opportunities for all.

 Website: http://ark.io/
Blog: https://blog.ark.io
Team: https://ark.io/team

Media Contact
Contact Name: Travis Walker
Email: pr@ark.io

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

The post ARK Becomes France’s First Cryptocurrency SCIC appeared first on Bitcoin PR Buzz.

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