Everstake - Learning Center

ARK Voting

What is ARK?

ARK is a blockchain network with an extensive set of tools purposed for building segregate blockchains and dApps. The ARK Network supports the full range of blockchain and dApp projects, spanning from small utilities to large-scale enterprise multi-blockchain networks.

One of the key components of ARK is the SmartBridge, an inter-blockchain smart contract communication protocol, that enables triggering smart contracts from an outside blockchain. Apart from ARK’s own blockchains, it fully supports several other blockchains, such as Ethereum and Factom, and support for new ones is in development.

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What is ARK Voting?

ARK uses DPoS for consensus, which requires users to vote for delegates, who will consequentially take part in the transaction verification and block propagation process. Relay nodes are used for storing the full copy of blockchain, connected nodes list, and running the blockchain as a whole.

The Delegate nodes consist of one or multiple relay nodes, and a forger component, which verifies, signs and propagates new transactions and executes the smart contract instructions. Unlike many other blockchains, ARK only allows voting for one delegate from an address.

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What are ARK Delegates?

ARK Delegates verify transactions and run dApps calculations, and get rewards from transaction fees, which are shared back with the users who lease to them. The Delegates also incorporate a relay node that stores the full blockchain history and can provide transaction details in matter of seconds.

ARK requires a powerful computer with stable Internet connection, and a stake of 1,5 million ARK tokens to run a node, so solo staking is not a viable option for most of the network users. Instead, they lease their stakes to other nodes to take part in the process and get rewarded.

For each epoch of 6.8 hours, the top 51 delegates are selected for the process.

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How profitable is ARK Voting?

ARK provides a stable yield of around 10% annually to all delegators that take part in the voting process. The precise amount varies in dependence of the network size and speed, your Delegate stability, and the delegate’s fee used for node running and maintenance. The Everstake’s fee of 5% is already accounted above. To get the approximate numbers for your stake, use the Everstake ARK Voting calculator.

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How to find a good ARK Delegate?

A good ARK Delegate should have 100% uptime and as few missed blocks as possible. These numbers can only be achieved by highly professional teams of hardware and software engineers, who run stable and up-do-date nodes.

It would be a great advantage if a validator takes part in the ARK community, is acquainted with all cons and pros of the platform and puts the efforts into the further development of the platform and community. A website with clear contacts information and transparent team overview is also a plus.

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Why Vote ARK with Everstake?

Everstake is brought to you by Attic Lab, a company experienced in blockchain development, hardware products and DPoS staking services. Our team comprises dedicated blockchain developers, hardware specialists and DevOps who have many years of combined hands-on experience with staking.

Everstake values the platforms it is working with, and not only supports the newcomers with often hard-to-find information, but also develops new tools and utilities to streamline the use of ARK network for both other developers and everyday users.

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Step-by-step ARK Voting guide:

Voting in the ARK platform is as simple as it can be, with the ARK desktop wallet. To start voting and gaining yields, follow these steps:

  1. In your wallet of choice, select the Votes tab and click Vote;
  2. In the pop-up, type in ‘everstake’ in the Delegate Name field and your password right below;
  3. After the voting fee of 1 ARK token is paid, you have started voting;
  4. Once started voting, your whole wallet balance will be accounted as your stake with Everstake, that works on your yields!