ARK Integration with Ledger Hardware Wallets, Upcoming Developments
The ARK Blockchain has added its Delegated-Proof-of-Stake (DPoS) ARK token to the Ledger hardware wallet to enable a secure method for storing the cryptocurrency offline. In addition to being able to secure the ARK token with the Ledger hardware wallet, users can also utilize the Ledger Nano S to cast votes within the ARK DPoS governance system.
With the integration of the Ledger Nano S, users can use their Ledger hardware wallets as a means of authentication for casting votes or signing transactions, removing the need to re-enter a passphrase associated with the account. This is particularly beneficial to a DPoS system as the token holders cast votes for which node operators should be responsible for securing the blockchain.
Other than this hardware wallet integration, the ARK team has revealed several key points for its roadmap. This includes ArkVM (ARK Virtual Machine), and a community project known as ACES (ARK Contract Execution Services) – a method of connecting and communicating with other blockchains – which demonstrates the first application of the ARK SmartBridge between the ARK and Ethereum blockchains.
Mike Doty, ARK’s Managing Director, said: “One major future use-case of SmartBridge and interconnected blockchains will be the ability for a decentralized exchange in a trustless environment.”
SmartBridge, paired together with ARK’s Encoded Listening Nodes, are designed to allow ARK to connect and interoperate with any blockchain, creating an interconnected ecosystem of compatible blockchains with the ability to transfer data or tokens back and forth to each other.
ArkVM, a form of smart contract, allows users to automatically create transactions or perform specific actions on the ARK blockchain. ArkVM is intended to provide Solidity developers with a new sandboxed environment within the ARK ecosystem, and facilitate communications between the two bridged chains, with ARK to Ethereum as the first instance.
ARK Contract Execution Services, or ACES, is a community sponsored and developed project utilizing the ARK SmartBridge to provide users with the ability to connect to the Ethereum Blockchain via an ARK created technology known as ‘Encoded Listeners’. ACES will allow users to execute smart contracts on the Ethereum Blockchain utilizing ARK as a payment source, whilst automatically calculating relevant fees.