2018-11-26 13:59 |
ARK, the cross-blockchain communication ecosystem is launching the Core V2 on November 28. The highly anticipated V2 comes with a new code developed from the grounds up and will bring the platform closer to its mainnet. When done, it will form the backbone ARK’s blockchain.
What’s New With the Code?The new code will feature a dynamic fees structure which lets users delegate their own fee for different types of transactions. It also gives the platform a new plugin system. The majority of the processes have been modularized, decoupled, and developed as plugins, so it’s as simple as writing a few lines to add or remove new plugins.
The new system will triple the TPS on the system, moving from 6.25 to 18.75, as the number of transactions in one block increase from 50 to 150. The new API is powerful and more stable. The platform will also provide webhook support and create better transaction pool management solutions, with chances of more optimizations in the future.
The ARK team and its delegates will create a hard fork in the blockchain, installing the new ARKCore. The old ARKNode code will be replaced with this change, causing some downtime for the users. The users will also have to update their wallet.
ARK Is the ‘WordPress’ of BlockchainSince its inception, ARK has focused on providing scaling and accessibility to custom blockchains, in the same manner as WordPress provides for customized websites. With the help of its new code, ARK will be able to provide an easily modifiable code base that can be replaced and extended quickly.
It would, in turn, provide maximum flexibility to the developers, helping them create bridgechains that match with the bigger picture of the organization. When blended with the interoperability feature of ARK blockchain, it creates the basis for interconnected plug-and-play chains.
After the successful deployment of Core V2, the team will start working on Core V2.1, which is planned for early 2019 release. The new update will introduce timelock transactions. It will also bring updated multi-signatures and multi-payment supports. The SmartBridge field will also increase the size to 256 chars.
Before that, the team will introduce APK Pay, ARK Desktop Wallet v2 and whitepaper v2 by the end of the year.
Cross-blockchain Communication Ecosystem Ark Set to Launch Core V2 This Week was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
Ark (ARK) на Currencies.ru
|