Blockchain Start To Offer Dynamic Fees In Effort To Help Users Save Money On Transactions

ARK, a new blockchain startup, believes that the blockchain tech can be used to create practical services for people with speed and low cost. In a recent press release, the company talked more about its product.

The company intends to build an entire ecosystem that would encourage the mass adoption of cryptos via a user-friendly platform. The company is set to let the customers use the blockchain tech in a very easy way to create products that can increase its awareness and the general knowledge of the population about everything that it can be used for.

One of the main products of the company is the SmartBridge, which can be used to interact with other popular networks such as Ethereum and Bitcoin. It can be used to analyze the risks of a currency and to examine internal recurring penetration testing.

Another important product of the company is its wallets. They are completely syncless and can be used for very fast transactions, the company affirms. They are also compatible with all blockchains based in the ARK systems and can be customized with plugins. The wallets also use the hardware of the Ledger Nano for more security.

ARK affirms that another differential that the company has is that its services are considerably faster than most as the company is generally focused on offering the type of service that will never be too congested when it gets popular.

Scalability issues surely plague the industry, so the company was sure to design its products around it so that these issues will not affect the final product. SmartBridge, for instance, is able to use hundreds of parallel channels in order to make the transactions faster and it is great for scalability.

One of the main selling points in the ARK Network is the dynamic fees. This is one of the first companies that actually are able to get dynamic fees that will let the customer decide how fast he wants the transaction to be for how much he wants to pay for it.

This creates a more flexible experience and can help both types of users, the ones who do not have a lot of money to spend in transactions and the ones who really need the speed and do not mind paying a little more for it.

The company is expecting to release ARK Core, which will be a complete overhaul of the system by late October or early November. According to the press release, the company already had 84% of the overhaul completed at the time of the report.

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