I'm happy to announce delegate MAK today. I have been an active member of the Ark community for a while now and have finally decided that it's time to take the next step and become a formal part of running and maintaining the network as well as ensure it's security and bright future. In the past I have contributed to Ark in the form of AIPs 22 and 23 as well as being an active member of the Ark slack and I intend to continue to add more contributions as time goes on. I believe that Ark has the potential to become THE dominant cryptoeconomic ecosystem of the world and we need to cross a few hurdles to get there. Briefly stated my goal will be to contribute to the Ark ecosystem by making:
a) Ark improvement proposals that solve fundamental issues
b) Proof of concept utility-chains within the Ark ecosystem (more details will be announced later)
c) Running forging node and relays to maintain quorum
I am offering 80% share of my forging rewards to my voters paid out weekly. Finally I would like to thank all of you for your support. Help make Ark even better by casting your vote.
P.S: This document does not constitute a contract. Rewards are shared voluntarily by the delegate.
For more details contact mak on ark slack.
Liquidity Gates AIP 22
AIP 22 specifies the blueprint for how ark can utilize it's smart-bridges to create decentralized exchanges with high liquidity. The key feature that allows this to happen is the formula based price discovery mechanism proposed in this AIP which doesn't depend on market makers. https://github.com/ArkEcosystem/AIPs/blob/master/AIPS/aip-22.md
Delegate Markets AIP 23
Ark being a DPOS network relies on the value of it's tokens to make 51% attacks prohibitively expensive. As a result it makes sense to convert bridge chains that may prove to be competitors to the Ark token's value in the future into cooperative entities that benefit the Ark chain and as a result the network as a whole. In AIP 23 we define a mechanism to achieve this goal by implementing delegate markets for the entire ecosystem on the main Ark chain.
PoW guarantees on DPoS networks AIP 25
Until now traditional proof of work networks like bitcoin and ethereum have had an advantage, as compared to proof of stake and delegated proof of stake networks, that miners in these networks can follow the longest chain which resolves forks and guarantees that data that has been committed to the blockchain cannot be changed while still allowing new nodes to sync up without compromising trust. This AIP solves that issue and provides the same functionality in a (D)PoS setting without burning any excessive energy. With this AIP now being public I ask all of you to read it and provide feedback and critique. If this approach works (which I'm confident it will, but still have to be scientifically objective) then there is no more purpose for PoW networks since the only feature they offered that other networks could not is now gone and we can take their place.
Addressing Long Range Attacks AIP 27
Proof of Stake systems and Delegated Proof of stake systems are unable to follow the longest chain valid rule because of the risk of a long range attack. In this article we try to discuss some arpproaches that could be used to mitigate that risk and harden a (D)PoS network against long range attacks.
New blog post explaining AIP22 and how it can be utilized to solve cryptocurrency scaling and adoption hurdles.