Episodes

Episodes of the ARK Crypto Podcast.

Episode #021 – Community Questions & My Crypto Year Resolutions

The twenty-first episode of the ARK Crypto Podcast is here! This week we tackle some additional community questions, and I give some insight as well as guide listeners in the right direction for answers. In this episode, I’m also laying out some of my crypto year resolutions, and what I’d like to do with and for ARK this year. It’s absolutely a team effort and most of the time, I am a cog in the machine that is ARK- many people on the team and in the community will be working together on these resulutions to enhance our community.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Enjoy!

Episode #020 – 30 Days Of ARK Catch – Up Whats Next

The twentieth episode of the ARK Crypto Podcast is here! In the same vein as last week, we continue to highlight our awesome community, as we play catch up to read out some community comments on the 30 Days of ARK. Delegate Jarunik has graciously provided 1000 ARK to be earned during this campaign, and ARK will be distributed proportionally according to word count for the entire campaign after we lock the posts. Then, the ARK Community Committee will construct a new community resource website that will immortalize all the comments. ARK will be paid out via Delegate Cryptology’s ArkTippr Reddit tip bot. Learn more about 30DOA and get involved at reddit.ark.io and learn more about ArkTippr at ArkTippr.com.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Enjoy!

Episode #019 – 100% Community Questions & Nothing Else!

The ninteenth episode of the ARK Crypto Podcast is here! This week is all about you, the community, as we dive into a fresh batch of community questions. There were so many, it filled up the whole episode! Keep your questions coming for future episodes by asking us on Twitter, Instagram and Reddit- look for the special posts.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Enjoy!

Episode #018 – 8 Things That Helped Me During Bear Market & More 30DOA Highlights

The eighteenth episode of the ARK Crypto Podcast is here! This week we talk about eight things that helped me during the bear market.

Episode #017 – DelegateCompetition.Fund Launch, 30 Days Of ARK Entries & Crypto Love Interview

The seventeenth episode of the ARK Crypto Podcast is here! This week we cover some BIG news for ARK, including the new integration with Hyperledger Fabric for smart contracts in Javascript, Go, and Solidity courtesy of incubator ARK Labs’ hard work! Not only that, but a new community fund has launched called the DelegateCompetition.Fund, and has its first competition out now. We go through a few entries for the 30 Days of ARK campaign running now on reddit.ark.io, and ONE THOUSAND ARK is earnable from Delegate Jarunik during the campaign. We wrap this episode with an exclusive interview featuring Randall from the YouTube channel Crypto Love. Boom shakalaka!

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Enjoy!

Episode #016 – Community Questions, 30 Days Of ARK Reddit Campaign & Nexus Interview

The sixteenth episode of the ARK Crypto Podcast is here! This week the podcast is becoming more interactive, by launching community-sourced questions discussed here on the podcast. My ARK Community Committee has been busy and is launching its second project on December 2nd, “30 Days of ARK” on the ARK Subreddit. Not only that, but this week marks the first external interview for another project here on the podcast! This concept is cool because it will start to merge other communities with ARK where new listeners will be exposed to ARK and its potential to impact the world. We kick it off with Dionna from Nexus (nexusearth.com/), interviewed at World Crypto Con in Las Vegas on the turn of November.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Enjoy!

Episode #015 – ARK V2 Compilation Show (ARKv2 Mainnet Upgrade Date Is Nov 28 2018!)

The fifteenth episode of the ARK Crypto Podcast is here! The buzz behind ARKv2 is afoot, and there are a lot of new people getting acquainted or re-acquanted with ARK as it completes the development cycle and launch of the new core code onto the ARK mainnet. Users like you won’t need to do anything regarding funds- simply upgrade to the new wallet as needed. There are no special steps to “keep your funds safu.”

In this episode we dig into the podcast vault to bring you the relevant information you should know about that has been discussed on previous episodes. With this compilation, you can catch up on ARK without breaking a sweat. The only ARKv2 content not included here is in episode 13, which is quite recent. For more catchup, or to learn more of ARK’s many achievements, check out the community resource ArkTimeline.com.

The mainnet protocol upgrade is occurring on November 28th.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Enjoy!


Transcript

Justin Renken: Hello crypto-land. I’m Justin. It’s Friday and this is the Ark Crypto podcast, episode 15. Well, we finally live in a world where we have a date for the pending Ark Core v2 Mainnet protocol upgrade. This has been well anticipated for a long time and everyone is very excited to see the new code hit the Mainnet.

Justin Renken: If you heard the good news and joined up with our strong community, welcome. Here are a couple quick things you can do. Don’t forget to subscribe to our sub Reddit at reddit.ark.io, our Twitter account at twitter.ark.io, and our Slack, where you can easily and quickly talk to other community members, delegates and team members. That’s at slack.ark.io.

Justin Renken: This week, what we’re going to do is a compilation show. We’re going to talk about all of the Ark v2 content that we covered in 14 episodes of the Ark Crypto podcast. It’s a lot of fun to talk about Ark in these podcasts and this week we’re going to cath you up on all the relevant v2 information that you need to know. Don’t forget, the Ark Crypto podcast is for education and information only and we will not ask you to purchase Ark or make investments of any kind. This is not investment advice.

Justin Renken: Let’s listen to Ark v2 content from episode one. Enjoy. Section four is called Ark v2, the Next Frontier. In order to prepare for the next generation of deployable delegated proof of state block chance, we understood very quickly that we had to thoroughly rethink the legacy code and move to our own, completely rewritten from scratch. Throughout the current run of version one and with experience gained during the development of Ark, we have been able to identify several key elements in the core design that could be optimized.

Justin Renken: Now, we embark on a new voyage to completely overhaul the Ark code, as well as the protocol, as a foundation of our ambitious road map. The new Ark-itechture has been completely rethought to decouple delegate forging activity, transaction pool management, and API interface on separate threads. Transactions will need to pass complete simple payment verification on a separate process or server before hitting the Mempool, completely sandboxing the activity of the node against attacks.

Justin Renken: Ark Core v2 is completely configurable, meaning you can adjust the block chain mechanics to your preferred setup. Users are able to adjust block times, number of delegates, block size, customize fees, and set block rewards. This configuration is a living setup, meaning it can be adjusted after your bridge chain is already running. All you need to provide is the block height parameter from where the new configuration will be valid and in use. It will be possible to use your own favorite SQL flavor. It will also be possible to override your own database interface and pass it to the node. Initial internal tests are already showing impressive results with lightning fast rebuilds using SQLite as backend, leveraging the multi-core capabilities on our test servers.

Justin Renken: The security will be hyper-enhanced, using a completely independent transaction pool, responsible for keeping a list of unconfirmed transactions that could be then broadcast data or pass along to the forger to forge a block. Finally, the forging process will be completely independent and self contained. It will be architected in a way to switch communications with other relay nodes if the original relay node is getting attacked or forked. We have designed the relay nodes to be as light and stable as possible, and we recommend these relay nodes if you are building a business over the Ark blockchain instead of a Lite client since it will allow more powerful computation such as complex SPV proof of balance or batch verifications.

Justin Renken: Section 4.1 talks about the new plugin system. The plugin system is awesome, by the way. Ark Core v2 will be split into multiple packages using Lerna to manage development and publishing of those packages. The benefit of this approach is that it’s easier to focus on smaller parts of the whole system in isolation. Each part of the core can be easily replaced by custom implementations. Imagine a Core logger Logstash package that replaces the default logger. All of those plugins are interconnected via the core plugin manager package which functions as a container to hold all the instances that are shared across plugins.

Justin Renken: The plugin manager allows us to provide different bootstrap processes for things like starting a relay node or forging node. The plugin manager accepts two parameters; the path to a folder that contains a plugin.json file and the optional parameter that can contain options like excluding or excluding plugins from the bootstrap process or plugin specific options that are not available from the config file.

Justin Renken: In section 4.2, we’ll talk about listening to block chain events with WebHooks. WebHooks are also awesome, by the way. WebHooks implementation is a realization of Ark improvement proposal AIP 15. WebHooks enable Ark blockchain app developers to listen to blockchain events in a simple manner by subscribing to events and waiting for callbacks. Polling is just wasteful and inefficient for both the client and the server side. On average, 98.5% of polls are wasted and increase the workload on the server, making WebHooks much more efficient.

Justin Renken: Best practices and happy developers with efficient tools are all part of our motivation to deliver Ark Ecosystem as a platform while providing a stable and efficient base to build blockchain apps. With Ark’s new API-v2, you will also get WebHooks capability that will call and deliver data based on event conditions.

Justin Renken: Section 4.3 talks about the Ark test suite, based on Jest technology stack. Test suites are an important part of any serious development environment. More so with blockchain technologies where each mistake can end up being very costly. Most of software developers are already aware on how hard it is to get full test coverage over different testing phases. Now add blockchain mechanics to that recipe and think about how to test distributed systems. Their mechanics, security, block propagation, transaction management, transaction pool handling, work management, client API. Where to start? With these challenges in mind, we had to pick the right tool that is flexible and powerful enough. We have chosen Jest framework as our base testing framework.

Justin Renken: Jest was developed and is used by Facebook to test all of their JavaScript code, including React applications. Jest is also used by Air B&B, Twitter, Pinterest, Instagram and Oculus. With the growth of our team, we are establishing a common base for developers, delivering the best possible tools and making cross-team collaboration smooth with testing appearing uniform across different sections of code. By doing so, we deliver priceless implementation examples, enabling newcomers to learn and understand existing code.

Justin Renken: Let’s hear some Ark v2 content from episode three. Ark.io listens to the community just as much as the community respects and enacts what Ark.io is up to. At the moment, there is no type of contention. You do help me touch on a point that’s coming up soon. Ark v2 hit the DevNet today and final testing is getting set up and everything. Now, when it comes time to put Ark v2 onto the Mainnet, that’s called a hard fork so, they’re going to do a protocol upgrade, they’re going to send the code base to all the delegates. The delegates are going to change their nodes up and there’s not going to be two chains. There’s going to be a chain that lives on, which is the Ark v2 chain and there’s going to be a v1 dying chain of lazy people who didn’t want to update and nobody cares about that chain.

Justin Renken: It’s not going to be something like Bitcoin, Bitcoin Cash, free coins arguments for nine months. No. The delegated proof of stake consensus algorithm really helps facilitate quick decisions on what’s going to go down and then allows a singular direction forward. There’s been cases where Ark.io has been like, hey, let’s do this with the blockchain and the community was like, “If you do that with the blockchain then we’re not going to play ball with that.” They were like all right. Never mind. It’s not like we don’t care and we’re doing this and this is what’s happening. There’s a harmony there and because the number of nodes running is not the same as the number of wallets and stuff, it’s a lot easier to have those discussions, come to those conclusions and figure out what’s going on. Those are also public discussions that anyone can contribute to, which allows anyone to propose an idea. “Hey, we should do this to Ark. It’s a really big change, so we need to talk about it.”

Justin Renken: They submit an AIP then delegates, team and community members can discuss that AIP and decide whether it should proceed on to the next protocol update, whether it should die or whether it should stay on a shelf because it’s a good idea that should be considered maybe at a later time. Exactly. Exactly. That’s exactly right. The freeness of the way Ark has things set up, it allows a case where a group of people can say, “We can do the Ark Mainnet better and we’re going to make a new Ark Mainnet with different changes to it and see if people want to use that as the central …”

Justin Renken: … different changes to it and see if people wanna use that as the central situation, to connect to all the block chains, instead of the current Arch [inaudible 00:10:09]. It’s not impossible, but it doesn’t seem very likely at this time. Yes. You had a question? Right. Okay. The rules of engagement. Can you expand a little, bit on … Yeah. Okay. Got it. Arch v2, being the second version, that means is the first time that we are doing a Hard Fork. It’s the first time that we’re doing a protocol upgrade and asking the delegates to play ball.

Justin Renken: We’re gonna see what happens, but we already have been in talks with all these delegates that are, deciding what’s gonna go down. They’ve all expressed overwhelming support for the Hard Fork. Now, I don’t foresee a specific case, that would cause a contention, like you saw with bitcoin and bitcoin cash. The block sizes don’t matter in delegated proof of state. The delegates run nodes and they increase the blocks. Nobody cares.

Justin Renken: The block times, they don’t really matter, unless it is a proposal that forces more centralization to happen. If somebody was like, “Hey. I want one second block times,” then we would say, “Well, we can’t really do that without sacrificing some more decentralization, and then that might cause a situation.

Justin Renken: These types of things just tend to kind of just die out. When the time comes to actually Fork, some people might not Fork, because they just don’t feel like running a node anymore, or they just didn’t get the memo. It’s gonna create a Fork. It’s gonna create another chain of Arch v1 of people who just didn’t do anything. The exchanges won’t care. Archies don’t care, because these are all really big upgrades and improvements that everybody agrees are upgrades and improvements at the moment.

Speaker 1: Let’s listen to this Arch v2 content in episode six.

Speaker 2: As far as Arch, are you guys … Did you guys build this from the ground up? Is it Forked off of something, or is it, it’s own unique block chain?

Speaker 3: Like I said, it was originally the code base itself, where Arch started on, would be [inaudible 00:12:09] base.

Speaker 2: Okay. Which forked into Lisk. We took their most recent repo at that point in time and we forked off of that. All that code base is going to be deprecated, it’s going away right now. We’re big on our new core v2, which is completely revamped, completely recoded from scratch.

Speaker 3: Yeah. I noticed that actually. You guys have been talking about that a lot. Well, actually I wanna get into that. Can you just kind of real quick, give everyone the elevator pitch in case I have some new people that maybe aren’t familiar. What exactly is Arch?

Speaker 2: Arch is an interoperable block chain and a development platform. It gives everyone the ability to spin up their own blockchain, for whatever they may need it for, while being able to talk to other block chains within the Arch ecosystem, and using other functions in Arch to connect to outside block chains, such as bitcoin, ethereum, litecoin. You can actually issue smart contracts on ethereum without ever touching ethereum, just by using the tools that Arch provides.

Speaker 3: Yeah, as far as Dpos, we are familiar with that. EOS is doing something similar. I’ve seen a few others as well with that system. As far as getting, you know, voted in, how does that work exactly? Is it just standard? Some people do worry, is it actually fair? Are you just voting in your friends, you know and stuff like that?

Speaker 2: Yeah. That’s the difference between a decentralized delegated proof of stake system and a centralized …

Speaker 3: Yeah.

Speaker 2: delegated proof of stake system. EOS is more of centralized proof of stake system, because they’re vetted. They pick who they connect to. They pick who runs the nodes. They also have tunnels in between, connecting all of these nodes, so less decentralized I guess, not quite centralized. With Arch, the way it works is, every single person on the network can vote for a delegate node, a validator node. There’s 51 in the Arch network, that run it. At any point in time, one of those top 51 can be replaced. We have no control over that. Everyone holding the Arch token controls that.

Speaker 3: Yeah. I wanted to get back really quick. We were talking about using … Well, I know you weren’t being block chain as a service, but just saying somebody does essentially Fork, right the block chain, if they need their own. Would that make it essentially? You see so many people talking about transactions per second, this and that all the time. That seems to be a huge buzz word. In reality the fact that you’re, kind of cloning your own block chain and your block chain can talk to itself, does that, in theory mean you could have infinite scalability because you can … If you run out of space, you could really just make another block chain?

Speaker 2: Correct.

Speaker 3: Okay. Yeah. That’s something that a lot of people don’t understand. When it comes to these older projects, you know, everything’s about DAG models now and this and that. In reality, if you use a system, like what you guys have set, the truth it … Well, first of all, the truth of the matter is, is most of these, mom and pop shops might need a block chain in the future, are really not gonna be hitting like Visa or MasterCard TPS anyway.

Speaker 2: Right.

Speaker 3: You know, in the off chance that you do, it’s nice to know that, that’s a capability that you guys have, that we’re not gonna hit a ceiling, we’re not gonna, you know, run into an issue like that.

Speaker 2: Well yeah. Like you said, the mom, and pop analogy … When you put a delegated proof of stake system like ours on a private network, a private server, you will probably never ever need to hit those, kind of transactions per second. Right now, we are pushing for our new v2, we’re gonna be starting at 150 per block, which is like 19 TPS right now. At any point in time, this is delegated proof of stake, it’s great. We don’t have to sit there like a Bitcoin. It takes forever to bring up a protocol or change something in Bitcoin.

Speaker 3: Yeah. It pretty much doesn’t get changed.

Speaker 2: Right. With Arch, all we have to do is push an update to the code, and the delegates upgrade in the background. It never affects any users, there’s no forking involved. If we wanted to bring the transactions up to 250 per block, we just push a code, the delegates can say yes or no. They can upgrade.

Speaker 3: That’s awesome. As far as … Those are the ways you can upgrade it. Now, I do wanna talk about v2, version two, the thing you got going on right now. What are those … What’s different about this, versus what you guys had before? Why is it better, and you know, what can we expect really out of it?

Speaker 2: I know a lot of people are waiting for dynamic fee structure. Most delegated proof of stake models, have a standard flat fee of .1 or something like that.

Speaker 3: Yeah.

Speaker 2: We have a dynamic fee structure already built into the code, and we’re just gonna make it client side. The delegates themselves, can set their own fees for each block. If all the delegates set it at .000001 Arch for any transactions, all the transactions in the network will go through those nodes that actually go that low. If you set it too low, the network will reject it, send it back, and tell you the fee’s a little too low.

Speaker 3: Okay. That fee wouldn’t get lost in the process right? It would be [crosstalk 00:17:11] returned back to you? Okay.

Speaker 2: It’s automatically rejected from the network.

Speaker 3: Okay. On ethereum, I’ve had situations where I’ve been trying to send something five or six times and every single time I send it, I literally loose gas, loose gas, loose gas. Next thing you know, it’s like, you know, “What the hell’s going on here?”

Speaker 2: Yeah. That’s one great upgrade. Of course, the protocols up and it’s already been coded from scratch. We also have multi payments coming through. There’s a lot of delegates in the network that provide services, whether it’s coding, building a project, marketing or something like that. They ask the community to vote them in. As such, they’ll pay out a percentage of their foraging rewards. A lot of these delegates have thousands of voters. They have to send thousands of transactions back out when they pay a percentage to these people. We have multi payments coming up, making it way easier, making their fees even lower as well. Essentially they could send 2,000 transactions in one transaction in a small fee.

Speaker 3: It’s kind of like you got the lightening network for Arch, where you’re, sort of, a …

Speaker 2: Yes.

Speaker 3: You’re almost setting up a bar tab, and then pushing it all through at once.

Speaker 2: Yeah, yeah. That’s similar. There’s a lot of good reading on our blog about the different functionalities that come with v2. Like I said, the dynamic fee structure’s amazing. Multi payments are gonna be awesome. Our AIP 11, which is our Arch improvement protocol, 11, is going to be time locking, and basically setting up for our Arch VM with our smart contracts. V2 brings that as well.

Speaker 1: Here’s some Arch v2 content you’ll find interesting in episode seven.

Speaker 2: Yeah. Arch v2.

Speaker 4: Yes.

Speaker 2: What’s up with that, when v2?

Speaker 4: Yes. That’s a good question. I don’t know if you were in the conversations that we were having yesterday. There were pretty extensive conversations with the team and the delegates and just kind of discussing the sense and the feeling in the community and kind of how things are going.

Speaker 2: Sure.

Speaker 4: Things that we could do better. In that conversation, Francois mentioned that he feels like, you know, one to two months is the time frame we’re looking at for v2.

Speaker 2: Okay.

Speaker 4: In that conversation we were discussing how maybe we could do some specific guidelines for testing, so we can really bust this out and kind of test the last few pieces that need bedded.

Speaker 2: Yeah.

Speaker 4: One of the things we’re gonna be doing is, we’re going to be publishing some specific goals for public testing, so we can really hammer out some of these last things that need to be run through the ringer. And then, once those are done, I think we’re probably gonna be ready to release. Pretty soon.

Speaker 2: Okay.

Speaker 4: I’m not gonna say one to two months, but I think, definitely I think by the end of the year, we will have v2 in people’s hands.

Speaker 2: Based on yesterday’s discussions, the Q42 018 was reinforced as viable.

Speaker 4: Yeah. Oh yeah.

Speaker 2: Okay. Great. I guess, I would ask you something … For example …

Justin Renken: I guess I would ask you something like, for example, are there any major challenges left with v2 whose solutions are unknown, to get v2 out there? Or is it just simply testing to make sure the robustness is there?

Speaker 4: No, there’s no unknown solutions, or anything that hasn’t been coded, and that isn’t already essentially done. There are still some things we’re working on to refine the transaction pool processing. I don’t know if you saw, but we just hired another core developer, and he’s actually working on a lot of those pieces, taking a look at the transaction pool, and trying to refine some things.

Speaker 4: Hopefully, we can get that a little bit better processing. We had some instances on testnet, or on devnet, where people were trying to put through thousands of transactions at one time, and we were still losing a few of the transactions here and there, so one of the things we’re trying to do is just shore up that process and make sure that they’re getting in the queue properly, that they’re getting accepted, and getting out there. That will be one of the things that we keep testing and keep working on.

Speaker 4: Other than that, it’s really just vetting the dynamic fee system, and some of the other new, major changes that are in this version, that I think will make a big difference. A lot of people were still asking questions about how dynamic fees work, and trying to understand the process, so we have a new blog post that will be coming out in the next few days that will explain a couple of different ways, and try to whittle it down, so people can really understand what’s happening with the dynamic fees.

Speaker 4: I think it’s a really cool system. I think it adds a lot. I think people are really going to like it, so we’re just trying to make sure that everybody understands it, and that we get time to test that, as well.

Justin Renken: That sounds really handy. I think that a blog post about dynamic fees are really going to help. As I understand ARK is going to be the very first Delegated Proof of Stake system to implement dynamic fees. Is that correct?

Speaker 4: As far as I know, yeah. I don’t think anybody’s done it before.

Justin Renken: Yeah, nobody’s challenged that statement yet, so it’s probably true.

Speaker 4: Yeah. If nobody’s said they did it, then sure. Yeah. We’re the first.

Justin Renken: Okay. Let me ask you this. Regarding the dynamic fees, how are the dynamic fees going to be integrated into the wallets to make sure that the user experience is as easy as possible? Because I do know that one of the reasons why I, personally, as a community member really got into ARK and liked ARK is knowing that the fee is always going to be the same, I guess. Just from a convenience standpoint, not necessarily a “make sure the fee’s as low as possible,” but I don’t have to do math to know how much money I need to send the other party. How would the wallets be intuitive for the dynamic fees?

Speaker 4: Sure. Like we said before, when we were talking about UI design and how important that is to us, this is a complicated new system. But the majority of the complications for this system will fall on the delegates in determining what fees they’ll accept. For the average user, I think it’s going to be pretty intuitive.

Justin Renken: Okay.

Speaker 4: The user can just go with the default. That will use the average of fee paid over the last 30 days.

Justin Renken: Okay.

Speaker 4: If you don’t do anything, if you go in and you don’t make any changes, and you don’t try to lower or increase your fee, you’ll just use the average of the last 30 days. That will ensure that you’re transaction is going to get through, maybe not on the next block, but pretty quickly.

Speaker 4: You have the option, though, of then setting minimum or maximum fees. You can tell it that, “Hey, I’m not worried about getting it through right away, and I want to go with lowest fee possible,” and you can set your fee low, and eventually it will probably get through. Or you can set it to the cap, which is pretty much what the current fees are right now. The maximum the network is going to allow after v2 is what the hard cap is right now at 0.1 ARK for a transaction.

Justin Renken: Okay.

Speaker 4: You’ll never pay more than what you’re paying right now. Even if you max it out, and you say, “No I want to guarantee that my transaction is going to be on the next block,” you will pay the same as the current fee.

Justin Renken: Got it.

Speaker 4: But you can then also try to lower it, if you want to. But for most people, the average is probably going to be the best bet. You don’t need to change anything, and it’s just going to give you the average fee for the last 30 days, which is pretty reasonable, I think, and they won’t need to do anything to do that.

Justin Renken: Okay, well that sounds like it’s going to work out great.

Speaker 4: Yep. I think people, once they see it … We haven’t been able to get the new wallet version out that shows what the system is going to look like, yet, so I think once people see it and actually get their hands on it, they’ll realize that it’s pretty easy to use.

Justin Renken: Okay. Excellent. Well, I know that everything that ARK has released so far has been really above and beyond at least my expectations, in terms of ease-of-use, power, and accessibility, so I have no reason to randomly change my mind about that.

Speaker 4: Yeah, well, and here’s the thing, right? We have this process where we’re going to build it. We’re going to do the design that we have from Oleg, and that we think is intuitive. And if we put it out there and people start using it on devnet, and it’s not intuitive, and that they hate it, then we’ll adapt. We’ll change it, and we’ll talk to the community, and we’ll find out what the issues are, and then we’ll make it work.

Speaker 4: Our goal is always going to be to make it as easy as possible. If we put it out there, and people have ideas, ways to make it easier, or they just don’t like what we built, then we’ll go back and we’ll do it better.

Justin Renken: Let’s check out this content about ARKv2 in Episode 12.

Justin Renken: Altcoin Magazine continued, saying “Tell us about your accomplishment so far, and tell us what you are most proud of having accomplished in the history of the project?”

Justin Renken: Well, I said, “The simplest way to highlight all of ARK’s many accomplishments is to visit the community resource ArkTimeline.com, which is a vast, interactive experience tallying every ARK event since its inception in late 2016, and mainnet launch in early 2017. All ARK events are searchable, easily categorized, and filterable, giving anyone an immediate bird’s eye view of ARK’s ability to deliver. ArkTimeline.com was built and deployed by the ARK Community Committee, which I run.”

Justin Renken: Altcoin Magazine continued, saying, “What is the single coolest thing about your project? It can be something you developed, or something you achieved.”

Justin Renken: Well, I responded to that question by saying, “I would be remiss to try to answer this on my own, so I’ll start with something most community members would probably say, given the chance. The coolest thing about the ARK.io project is very likely the wallets. ARK has beautiful desktop, mobile, paper, and web wallets focused on ease of use for the general public. The wallets run instantly without needing to sync, and users receive voting rewards even when their wallets are offline. Voting rewards are similar to the staking rewards you hear about on some other projects, and they are a voluntary aspect of the ARK delegate system. ARK.io does not control the ARK network. Delegates give voting rewards voluntarily, and voting rewards are not part of the ARK protocol. I strongly recommend experiencing our wallets, as they are a big reason our community has grown so large.”

Justin Renken: Altcoin Magazine then said, “Give us a quick rundown of the future of the project. What are you seeking to bring to life, and what will it mean for the overall project?”

Justin Renken: I responded with, “In the short term, our goal is to complete the newly rewritten core codebase, dubbed ARK Core v2. This new Core, which will be at the heart of ARK and ARK-based chains, achieves monumental strides in reliability, power, versatility, and convenience. This is the next logical evolution of ARK’s grand vision and it will deal away with the old Lisk and Crypti code beneath the current ARK codebase. ARKv2 is a bottom-up redesign built by ARK with love … no forks, no derivation. ARKv2 sports unique solutions to complex blockchain architecture problems.”

Justin Renken: “Once ARKv2 is purring along on mainnet, our next major plan is to complete and implement powerful plugin modules that can interface directly with the new ARK Core. Namely, ARK Virtual Machine for smart contract execution, similar to Ethereum, and ARK IPFS, or Inter-Planetary File System, for decentralized large-format file storage. Concurrently, we will be completing and releasing a Core 2.1 release for new transaction types and protocol functionality, as well as complete our Push Button Blockchain Graphical User Interface, for intuitive customization and deployment of impressive blockchains. All ARK products have easy baked into nearly every aspect, and anyone can check ARK’s efforts and progress at ARK.io/Roadmap.”

Justin Renken: “ARK’s vision will be realized when anyone who needs blockchain technology can deploy their own custom implementation of the tech in a reliable and secure manner, all without much, or any, programming knowledge at all. These user-deployed chains are all optionally linkable, forming the larger ARK Ecosystem.”

Justin Renken: All right. That’s going to do it for this episode of the ARK Crypto Podcast. Tune in next week, when you’ll start hearing special small segments for other projects, here on the cast. You can subscribe on iTunes, Google Play, Soundcloud, Stitcher, Spotify, and Castbox. You can also follow us on Twitter @ ark_podcast, where you can stream directly inside of our tweets. How cool is that? We’ll see you next time.

Episode #014 – Justin Renken on the Main Stage Interoperability Panel at World Crypto Con 2018 Las Vegas Nov 2, 2018

The fourteenth episode of the ARK Crypto Podcast is here! This week, we jump directly into the full-length recording of the Interoperability Panel which took place on the main stage of the World Crypto Con show in Las Vegas on November 2, 2018. It featured a nice host and cool co-panelists, and it was a pleasure to be a part of it.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Cheers and Enjoy!


Transcript

Justin: Hello crypto land, I’m Justin. It’s Friday, and this is the ARK Crypto Podcast, Episode 14.

Justin: Well, this week we have no time for pleasantries because we have a full-length interoperability discussion to get to, featuring yours truly. This recording comes to you straight from the World Crypto Con Conference in Las Vegas, at the ARIA Casino Resort, during the turn of November. This recording was provided courtesy of tech and design firm, Nice Spaceship. Nice. That’s just something I like to say, isn’t it.

Justin: Now that I think about it, I think this is the first time that someone from ARK is on a panel similar to this, on a stage, on video with multiple people up there. Let me tell you, it is harrowing and terrifying, but exhilarating. I want to give a special thanks to Ken Hodler for inviting ARK to be on this panel. Enjoy.

Speaker 1: Excellent. Thank you very much for waiting. First of all, before we start with our panel, just gonna introduce our moderator for the panel. He’s gonna talk a little bit about what they are going to discuss right in front of your very, very eyes and ears. Please, warm welcome for Ken Hodler.

Ken Hodler: Hi, everyone. Thanks. What we’re here to talk about, we’re gonna talk a little bit about interoperability, a little bit about DEXs, a little about autonomous swaps. Those are the two main use cases right now for interoperability between blockchains. But then eventually we’re gonna tie that all back to how do we drive adoption.

Ken Hodler: Who we have here, this is David from Latium.

David: That’s right.

Ken Hodler: Then we have Paul Puey from Edge Wallet, and Justin from ARK.io.

Justin: Exactly.

Ken Hodler: Do you guys want to give a brief introduction to yourself and what your companies do?

David: Sure. I’m David Johnson. I’m CEO of a company called Latium. Our goal is to help out mass adoption. Just trying to make things easy for the everyday person to be able to gain access, and use crypto, and grow the space.

Ken Hodler: All right, [inaudible 00:02:19]. Paul.

Paul Puey: Hi, my name is Paul Puey. I’m co-founder of Edge. We deploy a mobile wallet and a security platform for various dapps. We have a similar goal, of course. I think most people here want to achieve mass adoption. Our goal, however, is driven by trying to make key management very familiar, if not invisible. Removing the need to ever see or have to back up a private key in the wallet infrastructure, but making sure that in the process of doing that, people still achieve one of the primary goals of cryptocurrency, which is that they own and control their own money without a third party.

Ken Hodler: Great, and Justin.

Justin: Sure. My name is Justin with ARK.io. What we do is deploy and empower everyone to deploy fully customizable and endlessly powerful blockchain solutions without much programming knowledge needed. We feel that with mass adoption, that needs to include everyone of all different skill sets and walks of life. If they have a need for a need for a blockchain, and not everybody will need a blockchain, but if they do, they should be able to harness that power with as little barrier to entry as possible.

Ken Hodler: Paul, let me ask you a question. I want to get to some of the more automated blockchain interactions that are being built right now, that are being developed right now. We’re gonna talk about DEX and autonomous swaps a little bit. But right now, your wallet actually does some blockchain interaction by being able to exchange currencies. Can you talk a little bit about how that works?

Paul Puey: Yeah. A lot of people are familiar with exchanges in general. Deposit some money, go ahead and buy some cryptocurrency, or swap what you’ve deposited from one cryptocurrency to another, with the advent of what ShapeShift revolutionized, which is the ability to exchange crypto from blockchain to blockchain without a lot of custodial access. I say not a lot of, meaning that funds still flow through them, but you don’t ever have them sitting there for any duration of time. Our product Edge, our mobile wallet, does allow people to transact between different blockchains, or to convert cryptocurrency between any of the over a dozen blockchains that are supported without that custodial risk.

Paul Puey: Now we realize that this creates a bit of a blockchain interoperability. It doesn’t achieve what I call the hundred percent of you’re going through zero third parties, but really in the strive to achieve some of the goals of blockchain or cryptocurrency, I always ask the question of, for a project, what is its goal? What is it trying to achieve? Less of, are you decentralized? More as, what are you trying to achieve? From the goal of trying to remove custodial risk, these solutions have really gone a long, long way. They’ve removed a lot of that custodial risk. It’s nice to be able to use a non-custodial wallet, and go from one crypto to anther without that risk.

Paul Puey: Now we’re seeing multiple services like them being offered, which not only reduces some of that risk to one single party, but also gives you a broader selection. Decentralizing, not just the company, but also the options that are available, more coins that are available, as well as just the uptime. Part of decentralization’s goal is providing better uptime, and fault tolerance. By having multiple services, we are able to achieve that while achieving that goal of being able to go from one blockchain to another, to another pretty easily through these types of services. Hats of to ShapeShift. While they’re not the only one, they’re definitely one of the first and original idea.

Ken Hodler: Cool. We describe that as being version one of blockchain interoperability. Let’s talk a little bit about version two, what’s that gonna look like. One of the things that a lot of people are talking about are the DEXs. I wanted to ask you, David, to talk a little bit about … I’m not real clear on how the DEXs actually work, but I know that they’re hard to get right. I wanted to ask you if you would talk a little bit about what some of the challenges are there.

David: It’s very similar to a lot of things with blockchain. You have scalability issues, you have latency issues. But I think the biggest thing that we’re facing right now with DEXs, and one of the reasons that I don’t think you’re getting a lot of adoption into DEXs is because they’re just not that easy to use. The usability is definitely a factor when you have somebody who has to connect multiple components to make something work.

David: There’s a amount of people that will do that, but I totally agree with what Paul is doing, in trying to make that as invisible as possible. I think DEXs currently don’t do a good job of making any of the technicality involved invisible. It’s all upfront and you have to understand that, and be able to deal with it in order to use a DEX.

David: I think once we get to a place where we’re making that invisible, we can actually start getting adoption. Because the idea behind DEX, of removing a third party as a custodian is a great idea. It’s revolutionary. But people aren’t gonna use that until they could figure out how to use it in five minutes.

Ken Hodler: But do you believe that those are things that can be overcome, that usability?

David: Certainly. I think that’s one of the beautiful things about blockchain, is that it gives us this ability to create these environments where we don’t need to trust anymore. But I believe that the timelines, it’s gonna take us a very long time to get there with a lot of things ’cause we’re still early on. Very early on, in my opinion.

Ken Hodler: Yeah, true.

Paul Puey: With respect to DEXs, I think there are … If I had to bucket them into a few of the reasons why we’re having challenges in driving adoption, it falls into two or three categories. Number one, all of the DEXs, there are dapps. DEX, for those that are new, stands for decentralized exchange. How decentralized they are, hard to say, but that’s what it stands for.

Paul Puey: By being a decentralized exchange you effectively are a wallet. For the people that they currently appeal to would be the traders because the process of how you place an order. If anybody has used what I would call, more like a store, or like a ShapeShift, where you’re paying money to receive something else, it’s a fairly simple user experience. You definitely felt this with a Coinbase product where I send you some dollars, you send me some Bitcoin.

Paul Puey: Realize that DEXs currently are targeted less for that kind of user experience and more of the trader’s experience, which means that instead of me saying, “Here’s $100. Give me $100 of Bitcoin.” Instead, it’s you place an order, “I would like to place $100 down or some crypto, and I want to buy it at a certain price,” and it sits there waiting for someone else to claim the order. Or as somebody that enters the DEX, you might be somebody that claims that order. Now that’s a very popular interface for people that are used to trading on something like E-Trade.

Paul Puey: This is where you look at the difference between a really end consumer that’s not a trader, that just wants to buy something at a store, versus someone who’s a trader who places market orders and limit orders. A lot of the DEXs are, by necessity due to the technology, cater to the trader-like interface where you have to place and grab an order. That being one of the challenges.

Paul Puey: Then second to that, because they’re all DEXs, and they’re all wallets in it of themselves, they also run into the challenge of key management. If you look at most traders in the industry, most of them just want to deposit something into a completely centralized exchange and place really fancy complex orders with bots that do almost everything. They don’t know a thing about keys. The people that care about the keys are the ones that are more utilitarian. We actually want to use cryptocurrency, or have an ideological point of view of saying, “I want to hold my own money.”

Justin: Your keys, your coins.

Paul Puey: Your keys, your coins. You have a product whose UX is tailored to people that prefer a completely different product. What do we have to do to bring all that together? How do we make these in a way that DEX is blockchain interoperability? What are the challenges there, will make it feel more like a centralized exchange, make it fast, it’s another issue, and appeal to the traders? Or go in the opposite direction and provide an interface where it’s I send you one currency and just give me back the other, and hide all the complexities of orders, stop-limit orders, market orders. Just here’s the money, return something back.

Justin: Well you know Paul, you bring up a lot of really good points, and ask a lot of very interesting questions that should be asked about DEXs. What’s interesting is that ARK has been in the game for a while. Our mainnet went live March 21st, 2017. It was incepted late 2016.

Justin: One of our earliest partners that we partnered with, ’cause we love to partner with other projects and help them succeed, and everything, let them use our code base and stuff, is Blockport, which is an exchange that’s coming out, and they’re in beta right now. Where they’re actually offering a hybrid model where it’s a decentralized and centralized exchange both, and they’re giving users the power to decide what they want to do.

Justin: Now what they’re also doing is they’re acting as tendrils to other exchanges to provide the liquidity. They don’t need to necessarily rely on market makers, or get all of the users all at once, they can utilize other exchanges to get things going, and then as the decentralize aspect starts to pick up steam, and people are using that as well, then they can just tab right on over to that aspect of it.

Justin: Not only that, but it’s a social trading platform too. You can follow your favorite traders and copy their trades. It’s a really easy way …

Justin: Your favorite traders and copy their trades. It’s a really easy way to learn about how trading works and how to get your hands on different tokens that you may need for different uses. Of course, ARK is very attracted to elegant user interfaces and a very seamless experience when you’re trying to use crypto and blockchain technology. Blockport does an amazing job at that which is one of the reasons we were originally interested in partnering up with them so very relevant to what we’re talking about right here.

Paul: So we’ve talked a lot about moving assets across chains, are there other use cases that, with an eye toward driving an option of this technology, are there other use cases, and a lot of it comes back to you know we’ve all talked about some of the ideals of blockchains and cryptocurrency in general. Are there killer apps that are out there that aren’t necessarily related to the transaction of funds that will help to drive that option in terms of the blockchains or the interoperability stuff? Or just in general?

Justin: Killer apps? It’s a bit subjective like even if there are unicorns out there today it’s a bit difficult to tell if they are and who they are but that being said there should be a way to kind of make an educated guess at something that’s going to get really popular. Right now we know that there aren’t millions of users using blockchains right now. However, to make it as easy as possible it’s going to make it more inviting. For example, there are a lot of services that may not have anything to do with blockchains that get people really interested in the crypto because at ARK we really want it to be as seamless and in the background as possible.

Justin: When you are interacting with a blockchain it’s making sense to you and making you feel confident in using the technology. We use what’s called a delegated proof of stake consensus algorithm and we have fifty-one delegates that run the network and users vote for delegates with their wallets and their wallets have ARK in them that have weight. It’s one ARK, one vote so it’s a very fair and balanced governing system. I bring that up to say that the delegates also deploy valuable community services that help ARK users and act as outreach programs to get new people involved in crypto and let them be exposed to the technology in a way that’s comfortable for them.

Justin: For example, one of the delegates, and this is just an example I’m not recommending that you vote for this specific delegate but, there’s a delegate called delegate fun. Delegate fun wants to build easy to play and fun cryptocurrency games. Just games you can play on your phone or your desktop, you can win ARK every day. The users like that service that Fun is providing and so they vote for Fun. If one of these delegates that is forging new ARK were to create a type of killer app then it would be very easy for users to get involved with that and experience that in a way that makes sense for them.

Speaker 2: As far as my thoughts on it I think we’re very early on and there’s a lot of companies that are focusing still on protocols, base level concepts of what blockchains will be in the future, wallets, and trading and exchanges. I don’t know that there’s a lot of people that are really targeting applications, I’m not saying there aren’t any, but I would say this probably the smaller part of the industry at this point and that’s one of the reasons you’re not seeing a lot of killer apps. I’d also say that DAPs, usability on DAPs, the biggest DAP has got five thousand users.

Paul: Yeah

Speaker 2: So the question is, is the problem with way DAPs are operating or is there a problem with the methodologies of which they’re trying to deploy that’s hampering usage? I think the usage issue comes down to latency and the fact that the apps are just not as clean and not as easy to use as something that’s centralized today. Obviously, long term goal is to fix that but that’s where we are right now.

Paul: What are some of the things we need to do in order to get there?

Speaker 2: Scalability definitely part of it. I also think that we kind of have to move away from the idea this religious concept that everything needs to be hosted on the blockchain. I think we can come back to that once infrastructure’s in place. I think that there’s a place for blockchain but hosting front end UI on a blockchain today I just don’t know how that works. I think that there’s pretty big issues with that. That’s my opinion on it.

Paul: The talk about DAPS and the biggest DAP only having five thousand users, I’d like to kind of put a little bit of perspective on the definition of a DAP. So a lot of people think of DAPS and the smart contracts being like an app you download that then accesses the blockchain and usually it’s a smart[inaudible 00:17:03] that does some fancy transactions on the blockchain.

Paul: Those fancy transaction if you simplify them could do nothing more than send and receive money. In essence, every single wallet is a DAP. It just does something very simple in that it just sends and receives money but that is interacting with a blockchain. Every DAP effectively is a wallet and then it has to talk to a blockchain and do some kind of operation and has keys that it manages. In that sense, if you think about the DAPS that have the most amount of users, the wallets have millions. So something more complicated than sending and receiving money doesn’t have as many users that’s kind of true in our regular world too.

Paul: In our regular world, sending and receiving money has the most amount of users and we have an exponentially smaller amount of users that do something more fancy with money such as other financial instruments such as trading which would be like a DEX or insurance. All those are much smaller user cases and that’s how I see DAPS. Playing their role in cryptocurrency is that first foundational layer is sending money, that’s what kind of wallet are, and everything on top of that is financial services on top of them. Now you asked a question of are we going to have something that’s not just payments, not just money. I think at it’s heart blockchains are meant to transfer value.

Paul: Whether you think value is money or it’s a signature in a document and proof of existence that’s just dependent on the sender receiver but in the end if you’re trying to build something that doesn’t transfer value, the blockchain is the wrong thing for you and I think ninety percent of the garbage projects we saw throughout last year and part of this year were doing that. Thinking that blockchains were the thing to fix all the problems in tech when they’re not. They’re meant to transfer value and do it without the middle man. I’m excited about what it can bring. I think payments is the first and foremost foundational piece that you need to have happen and then build financial infrastructure on top of that.

Paul: You mentioned UX issues that come about, one of those things that comes up in conversation, we were talking about a little earlier is kind of the Venmo experience. Like I want to build a punch in the name and send to somebody and right now you can’t do that in crypto. There is a product that’s still in stealth that you should hear about pretty soon within the next month that has the backing of five or six of the largest wallets and one of the biggest exchanges in the world that when they go live it will allow you to register basically name resolution between any different blockchain to send money to a name dot.

Justin: So one single name for all of the blockchain instead of this big long random number

Paul: Instead of the big long random number which is your public address you’ll be able to optionally if you choose register a or multiple public address for multiple different chains that you opt to receive money and register that under a name and a domain and every wallet may have a domain you can make a domain yourself.

Speaker 2: Like DNS.

Paul: It’s basically like a DNS except that it’s agnostic of DNS providers meaning there is no DNS provider, it does use a blockchain to host the names. As well, it will allow wallets and exchanges to transact with metadata that sits separate from that chain so I can say, “Hey, this was for dinner, kind of like the Venmo experience.” That gets encrypted and channeled through a separate chain then the ethereum you sent or the bitcoin that you sent. So we can really get this experience of both sending a request of payment, sending an actual payment and eliminate a lot of that complexity of public addresses and how do I know that’s you that I’m sending to. So from the viewpoint of interoperability I think this one is a pretty key piece. We’ve had these proposals in the past but this is one that’s finally gotten a least pre-adoption by a lot of the big companies.

Justin: Well that sound really interesting and you brought up protocol agnostic solutions, you brought up connecting all the blockchains or having access to a singular destination for multiple blockchains, make it easy. ARK has what is called the ACES protocol which stands for Ark Contract Execution Services. Actually quite apt because ARK recently sponsored the WCC Poker Tournament that I was in a couple days ago but I got eliminated along with Phil Hellmuth, I don’t want to talk about it. The ACES protocol allows you to use the ARK mainnet token to utilize other use cases on other chains without holding those tokens. ARK has been in the game for a while, more than a couple years which puts us in OG status for blockchains.

Paul: Well that’s interesting I haven’t heard of that. You said you’re able to utilize functionality from another blockchain with a non-native token?

Justin: That’s correct.

Paul: How does that work?

Justin: Well ACES is a community protocol it’s getting worked on for a while now and ACES has successfully established two way transfers between bitcoin, ethereum and litecoin with more on the way. For example, you can trigger an ethereum smart contract without every holding or using the ethereum token at all. What that means is when ARK was a baby chain they really had that vision of ‘we need to connect all the blockchains’, because why bother, it’s bad enough that we have like five hundred apps on our phone and we have to press this app to do this and like, these apps maybe kind of talking, don’t really, but you can sign in with Facebook on multiple apps but with blockchains it adds a completely new layer of complexity. Now you have to deal with a lot of tokens and endeavors like Edge are trying to help with that solution.

Justin: With ARK ACES protocol, let’s say for example, you want to upload a document to the Factum blockchain and you don’t want to deal with the Factum wallet or anything like that. You only need to upload one document, one time. It’s not like your using it every day so you can utilize the ACES protocol to communicate with what we call the ACES node which kind of acts like a business whose job it is to carry out tasks for you. You can tell the ACES node, here I have some ARK please upload this document for me, this is what it is, this is where it is. The ACES node charges you a fee for that and gets the job done. What’s beautiful is that it’s a free market situation so there’s no single point of failure and different endeavors can compete with each to benefit the overall end user.

Justin: Not only that, but if you had multiple blockchains that need to talk to each other then the fee structure and everything is independent so if there’s a lot of interoperability happening between ARK and blockchain A, the fees of interoperability between ARK and blockchain B won’t go up and that keep it fair for everybody.

Paul: Okay, interesting. A little bit of what you described there it’s real similar to the problem of getting off chain data into a chain.

Justin: Right

Paul: Yeah

Justin: Oracle, the oracle problem. In a way that’s like-

Ken: … Oracle. The Oracle problem, in a way that decentralized and secure, and so forth. And, there are some, currently some solutions that do that in a way that requires trust. What are some of the things that we need to do? Are any of you guys working on this idea that there’s data outside of the block chain that is important data to the block chain?

Justin: Well, it’s interesting that you ask. I’ll just be brief.

Ken: Okay.

Justin: ARK is very extensible, and we have well over a dozen SDK’s and different programming languages including C and C + + that you can utilize in to interact with ARK. So, if you have a node, and you’re running a delegate node, it doesn’t have to be a forging delegate node, but you can plug things in on your block chain that you’re deploying on your own, and communicate with outside services. Now, whether or not you need a network to validate the authenticity of that data, and have multiple sources confirming the same data, to make sure that it’s authentic, that is up to you when you’re deploying that. But, ARK has a lot of inputs and outputs, ports, plug-ins, it’s a very modular structure, and we’re releasing a new Core, CORE v2 we call it, within in the next coming weeks, that will give developers a lot more power and the network will be a lot more stable because we’re redesigning all the code from scratch.

Paul: Cool. So, with respect to interfacing with the real world, I’m glad you brought that up, Ken. So we talk a lot about block chain interoperability, and people forget … I’m surprised how many people I talk to that don’t realize that a block chain cannot talk outside of it’s own chain. It can’t read data from outside of it’s own chain, and it can’t write data to outside of the chain. So, that is actually one of the challenges in trying to interoperate two block chains, is that they have to communicate through the regular internet. So, how-

Ken: Or some other mechanism, right?

Paul: What’s that?

Ken: Or some other mechanism. It might be through, you know, it might be you and I having a conversation, right.

Paul: True, but eventually we have to write that to a block chain. A block chain does operate on the internet. But, that is one thing that, fundamentally, I think many projects don’t even realize. They say that I’m gonna write a block chain. It’s gonna do this. It’s gonna do that. It’s gonna read these documents. I’m like, “Where are those?” Oh, they’re on my server at Amazon. Do you know it can’t actually get to those. Right? And then, after it has access to them, then it’s gonna make these payments. I go, “What, Crypto?” No, like Visa, MasterCard. But, do you know, it can’t access that either. And so, people are forgetting the limitations of a block chain, and one of those is it simply cannot access anything outside of it’s own chain.

Paul: So, what do we do to try to alleviate that? We have to build a connector. There has to be someone, something, that says, “Oh, I see this data on the chain, I’m gonna do something outside the chain.” Whatever that is. Whether that’s make a Visa, MasterCard meme, write a document, anything, or vice versa, I see something in the real world, and I’m gonna put that into the block chain for a smart contract to process. That’s one of the biggest reasons why we have the concept of what you’d mention is oracles. And if you look at any, what I call decent to good, DAP project, the number one use of a token is specifically to build an oracle for that DAP.

Paul: So, I use an example of a well standing, one of the first DAP projects on the market, which was Augur. And they have a token, but what exactly is that token doing? It is building up interoperability between the real world and the block chain. By building a token, they give people the power to stake the truth. They have people now that own that token, say, okay, I’m gonna stake this, and here’s what the truth is. I believe so and so won the Superbowl, and if a lot of people, more than 51% of the people with tokens, say the same thing, then I am both rewarded, but, I also don’t lose money. If I say the wrong thing, and I’m in the minority of that group, then I lose money. It’s equivalent to mining. So, it’s almost like every single one of these DAP’s has a mini mining protocol built into it.

Paul: And, that’s actually the biggest use of these tokens, because you can’t do that with the main coin, you can’t do that with Ethereum and have people stake Ethereum. The reason being is that, the reason why you don’t lie is because you have tokens and you don’t want them to tank. If I staked an Augur rep token, and I have a whole bunch of them, so much so that I can influence the market, and make an incorrect call. Like, I’m gonna say that Hillary won the election, even though she didn’t, because I have so much of this coin that I can do that. Well, what happens to the value of the coin that I have a lot of? I’ll tank it. No one’s gonna want to use that network.

Paul: And so, this effectively is what ties the real world to the block chain, is the mechanism by which people, many ideally, many people, anyone that want’s to participate, buys and stakes these coins. It is, kind of, a proof of stake, built right into a DAP. So, this is one of the keyest, keyest, most key pieces of interoperability, and I think that’s what people should be looking for in some of these DAP projects versus one that just says, “I’m the one that writes the data of the block chain.” “My company, or my 10 people write the data of a block chain.”

Paul: So, trying to achieve some of that distributed nature in determining [crosstalk 00:29:25].

Ken: Well, that’s what makes a block chain work. I mean, it really almost can’t work without some sort of a value token. Right? And so, what you’re describing as extending that into data coming in from the outside world.

Paul: Correct. Exactly. I mean, that’s kind of what miners are effectively doing is, the data from the outside world is, yes, does this person really have the ability to write this transaction, and miners are staking as well. What they’re staking is electricity. They’re staking electricity and saying, “Yes, these transactions actually are valid.” And, if they’re wrong, they lose money. Same thing in a DAP. People stake tokens and say that this is the truth.

Ken: So, David, is Latnum, or Latium, I’m sorry, are you guys doing anything around interoperability?

David: Well, we’re really not at this point. We’re more of a mass adoption platform. I mean, we’re a multi-currency wallet. That’s about as close as we get. I’m actually very interested in what Paul’s doing and having conversations about how we can integrate those platforms together. Because, I definitely see the value of putting everything on a chain. I have concerns about where we are with scalability, and maturity as far as the block chain goes itself. We’re growing at a rate of a thousand to three thousand users a day. I don’t want to be in a situation where I can’t operate because of scale issues.

Ken: And, we’ve already seen that happen.

David: And, it will happen again.

Ken: We had it happy because of kitties.

David: Exactly.

Paul: A cat.

David: [crosstalk 00:30:59] and a coin. Plenty of times its happened.

Ken: Okay. Well, so we’ve got a couple minutes left. So, I just wanted to give everybody a minute if you guys wanna take a minute to do a closing argument. Justin you want to start?

Justin: So, closing argument, I argue that block chains are great. I don’t think that can be argued. But, ARK has a lot of exciting things going on in the future, near future, two, four. We’re looking at, of course, the ARK v2 code base that I mentioned earlier, and it may be sometime within the next few weeks to the end of the year that that will be ready. And, also, the white paper will be revamped to support our new features and powers. And, I also, in response to David, gave a talk at the Seattle Northwest Block Chain Conference about mass adoption. That went really well, and you can watch that on our YouTube channel. And, I really like Paul and David’s comments today. I’m really appreciative to be here, and thank you so much for having me on.

Ken: Yeah. Thanks for being here.

David: Closing argument, I would say that, one of the challenges in Cryptography technology as a whole, is that I think a lot of people in cryptography, even pre-crypto currency, are pretty strong purist. They literally try to find the absolutes and try to find the perfect solution. One of the biggest reasons why PGP, which was in an encrypted email platform, never got mass adoption is because they all just argued and bickered about, well, how do we transmit key and know that it’s yours, blah, blah, blah, as opposed to realizing what’s good enough. And so, in the same sense with a lot of some of the interoperability projects and the Dex’s, some projects are gonna get criticized because, well, maybe this one, even though it doesn’t hold any money, and transacts on a block chain to move money between one block chain and another, they may require some aspect of KYC, or an account, or what not.

David: But, they may have at least achieved a goal. And so, the thing to leave with, and understanding some of these tools, they may be criticized because they’re not absolutely perfect. But, realize where the benefit is, in what they’ve built versus what we currently have today in some of the more very, very centralized solutions, and appreciate it for that, and use what they’re building for a lot of the goals that they have achieved. ‘Cause I think that too many projects that should see the light of day, get criticized by the purist and maximalist.

Ken: Well, and anything we build today, we can change tomorrow, too.

David: Absolutely.

Ken: As we learn more.

Paul: Yeah, I would say that as an industry, totally agree there’s definitely the purist mentality, and I think one of the reasons that adoption is not growing at the rate it could is because of that. To me, you have a clear pendulum of security and convenience, and we live in a society that’s very, very far to the right on that, as far as leaning towards convenience. Block chains very much leaning security. So, I think we have to bridge that gap between those two things. And, in order for that to work, it’s gonna take some crossover from purist because there’s going to be a level of people that will never, ever use something that’s complex. I mean, most people don’t realize, you have 10% of the United States is under an 82 IQ. They can’t even get into the Army.

Paul: So, we’re asking them to figure out how to work with hashes and strings and hundred gigabyte files, I mean, it’s too much to ask.

Ken: Okay. Well, thank you everyone. I appreciate you guys were here. We’re out of time. And, thanks to Justin, and Paul, and David for joining me.

Paul: You’re very welcome.

Justin: Thank you.

David: Thanks for having us.

Justin: Alright. That’s gonna do it for this episode of the ARK Crypto podcast. Hope you enjoyed it. Tune in next week for podcast episode #14. 

Justin: You can subscribe on iTunes, Google Play, Sound Cloud, Stitcher, Spotify, and Cast Box. You can also check out our website at thearkcryptopodcast.com, where you can stream direct and read transcripts of all of our episodes.

Justin: Not only that, but you can follow us on Twitter, and stream directly inside of our Tweets. How cool is that?

Justin: We’ll see you next time.

Episode 013 – Travis Walker On The Cast Talking WCC Poker Tournament Oct 31, Ark v2 & 2.1, Aces & More

The thirteenth episode of the ARK Crypto Podcast is here! Travis and I shoot the breeze in Las Vegas at the World Crypto Con show at Aria Casino Resort. You’ll hear all the details on what went down at the WCC Poker Tournament at the Aria PokerGO Studio, hosted by poker legend Phil Hellmuth with audio inside the podcast! The clips are courtesy of tech and design studio Nice Spaceship (NiceSpaceship.com), who was gracious enough to provide the files. Travis and I also take another dip into ARK v2 in a live interview second to Matthew DC’s you heard in the seventh episode.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Cheers and Enjoy!


TRANSCRIPT

Justin Renken: Hello, Cryptoland. I’m Justin. It’s Friday, and this is the ARK Crypto Podcast, episode 13. Wow. All I can say is wow. What an ARK adventure to be had this year at the World Crypto Con 2018 in Las Vegas at the ARIA Casino Resort. The three-day conference was jam-packed with speakers, exhibits, and crypto personalities like Brock Pierce and Charlie Lee. This year also marks the first crypto buy-in live poker tournament at a major casino. The WCC Poker Tournament at the PokerGO Studio at ARIA. The host of this iconic inaugural tournament was poker legend Phil Hellmuth, and the tournament also benefited charity. You’ll hear Phil’s commentary on the podcast today. The audio clips you’ll hear today are graciously provided by tech and design firm, Nice Spaceship, who had a big hand in making World Crypto Con exciting and memorable. I’d like to give a special thanks to Nice Spaceship, because I saw their team throughout the conference, and I saw nothing but professionalism and courtesy, so again, thank you very much for these clips.

Justin Renken: Well, ARK CMO, Travis Walker, and I, both hit the show and participated in that tournament, and we’ve got all the juicy details today with Travis here on the cast. So yeah, we’re gonna talk poker, but we’re also gonna talk ARK V2 with the pending hardcore protocol update happening any day now throughout this quarter. Travis and I are also going to go into some additional details that go beyond the interview that I had with Matt in episode seven. That’s all right here on the ARK Crypto Podcast.

Justin Renken: Well, let’s get started right away with the Las Vegas interview that I had with Travis Walker. Enjoy.

Justin Renken: Now, I’m finally in Las Vegas for realsies, and we just wrapped up the World Crypto Con poker tournament at ARIA PokerGO Studio with Phil Hellmuth. I’m here with Travis Walker, of course. How’s it going, Travis?

Travis Walker: It’s going good. Very good.

Justin Renken: I was just happy to be in the room. It was really exciting because there was all these cameras and there’s all these lights. It’s really professional. It’s like walking into a news broadcast studio, or the Daily Show set or something. I mean, it was really well put together.

Travis Walker: That’s kinda overwhelming.

Justin Renken: Yeah. Speaking of overwhelming, have you ever played poker tournaments before?

Travis Walker: Not like this. I’ve played small-time with friends at a tiny casino before, but nothing on this scale before.

Justin Renken: Yeah, me neither. This is my second one. I was here early AF because I was so excited. I was probably the first person that didn’t work there, and everyone there is really nice. I met Grant who was in control of the media stuff, I think, and he was really helpful. He actually provided us with some audio, but first, I just wanna say thank you, Travis, so much, because you know, I do love poker a lot. I have other hobbies, too, besides poker, but what I found was as soon as I got involved with block chains, and ARK specifically, I’ve been able to use all my talents and skills at once. All the hobbies that I’ve had have all kind of started to bleed into what I’m doing with ARK. It makes me feel like I’m belonging in block chain space and with ARK. I used to think that it was all coding and programming, and you know.

Travis Walker: Make it, “I’m not a developer, what am I gonna do?”

Justin Renken: Exactly. Yeah, and I felt like with ARK it was okay to not be a developer, and there’s lots of ways to help. So, I just feel really blessed to be in here and … Two years ago, I was watching YouTube videos of Phil Hellmuth on YouTube. Now, I’m playing poker next to Phil Hellmuth, but all because of block chains. So, Travis, I just wanna say thank you so much for all these opportunities, and every day is an adventure here at ARK.

Travis Walker: That’s awesome. I’m glad to hear you’re enjoying your time.

Justin Renken: Let’s talk about the studio, how it was set up. So, we had nine tables, and there were 81 participants in the tournament. So, with nine tables, that means that technically, the best person at each table would get a spot at the final table. I know it doesn’t exactly work that way, but when you look at it on paper, that’s pretty much what it is. So, if you’re the table leader at your table, then you make it to the final table. Now, the way that poker tournaments are set up, you’ll have buy-in. So, you put in some money, in this case, some bitcoin. This was the first time that the PokerGO Studio accepted bitcoin for a tournament, so that was a nice first that we learned from the organizers.

Justin Renken: But what you’ll do is, you’ll put in the buy-in, then you’ll get chips. Now, your chips are just points. They don’t represent $1. It’s just points, so Travis and I got 10,000 in chips to start. You’ll try to knock out other players and all that. Now, if you get knocked out, you don’t get to cash out. It’s not like a casino where you walk up and say, “Oh, I only have this much left. I want my money now.” No, you gotta get to the final table, and you got to get what’s called in the money, in the bubble, where all the remaining players get some kind of money. The prize pool also included a donation to a charity, courtesy of the whole event. Phil Hellmuth is very charitable and PokerGO Studio, and PokerGO also has an app.

Justin Renken: So, let’s get into the meat because this tournament lasted from about 12 o’clock to maybe 5 o’clock, was it, Travis?

Travis Walker: A little after five, I think, yeah.

Justin Renken: A little after five, huh? I was, first off, crushing it on the small pot, okay? Making some bluffs, seven-deuce off, which is, as we know, the worst hand you can possibly get in poker. Isn’t that right, Travis?

Travis Walker: It’s … Well, close, I guess. Statistically, yes.

Justin Renken: Statistically, yes. So, seven-deuce offsuit. Now, when I got this hand I was like, “You know what? I’m here. I’m in Las Vegas. I’m at the World Crypto Con Poker Tournament. I’m playing with Phil Hellmuth, and I’m playing with CMO, Travis Walker, and our logo’s on the table, and I’m gonna bluff everybody with this hand.” The worst hand possible that nothing good could ever possibly come from this hand, I raise it up, raise up 3X, the flop came down, I threw out a c-bet, and I got two other players to fold. Then, I threw down the seven-deuce, and then Phil was like, “You bluffed with a seven-deuce?” I was like, “Had to do it once. Had to do it once.”

Justin Renken: So, it was lots of fun. Good times. But, eventually, we got to a hand where … This was a tricky one. So, Travis was out, sitting out this hand, and there was Phil and myself, and there was another player who had just recently shown up to the final table, who is now sitting next to Travis.

Travis Walker: Dan O’Brien, I believe.

Justin Renken: Dan O’Brien.

Travis Walker: Professional.

Justin Renken: He’s a pro.

Travis Walker: Yeah.

Justin Renken: Okay, got it. So, Dan O’Brien was at the table, and we had a raised three-way pot, pre-flop. When the flop came down, it was a queen-high board. Very dry board. What that means is there’s not two hearts, there’s not two spades, and there’s not two cards next to each other that maybe could come up with straights. That’s what dry means. It basically means if you have a queen, you’re doing pretty good. So, I did have a queen and I had a king, as well, so I had a top pair with a good over card. There was some betting that happened, there was some calling that happened, blah, blah, blah.

Justin Renken: We move on to the turn. So, the turn was a king. This put me at top two pair. Now, top two pair is a very good hand, especially on the turn, because there aren’t many cards that can mess you up. And unless they have a better hand than you already, you’re pretty good to go. Even if they have a flush already, you have outs to get a full house and beat their flush. So, what I saw was I saw Phil go all-in. He was like, “I am all-in.” This was the first time that he went all-in in the tournament, so kind of intimidating. It came over to me, and of course, I seize the opportunity with Phil and the hand being all-in, and with the cameras everywhere, I said a little prologue. Do you remember what I said, Travis?

Travis Walker: Not verbatim.

Justin Renken: Okay. So, what I said was … I was thinking, looking, thinking. Then, I said, “You know what? ARK is a very ambitious project with a killer community and a bright future, and so I’m all-in.” Then, I stood up and I shoved all my chips in.

Travis Walker: This is literally … He did actually say all of this out loud. This really did happen.

Justin Renken: Believe it. Believe it. Then, Dan … I did this, of course, to get Dan out, because I don’t necessarily wanna go all-in against two players, but I don’t mind doing it. Having top two pair is pretty good. So, Dan was thinking and thinking and thinking, and I told him, “Listen Dan, if you go all-in or fold, either way, is cool with me. I don’t mind.” And he said, “Thank you.” And I said, “No problem.” So, let’s go to the audio, and let’s go to Phil Hellmuth commentating on this hand.

Phil Hellmuth: Alright, let’s take a look. I’m all-in, and so is Dan O’Brien, and so is Justin. Justin, what do you have, Justin?

Justin Renken: I have top two pair.

Phil Hellmuth: Top two pair? That’s good. I have kings and eights. Yeah. And Dan has a set of deuces, what’s going on here? The board is king … hold on. The board is king, queen, eight-deuce. King, queen, eight-deuce. Justin has kings and queens. I have kings and eights. Dan O’Brien has a set of deuces. Dan, I [inaudible 00:09:52] two eights. You have everybody almost dead here. There’s one king, one queen, and two eights. Four outs.

Justin Renken: I’ve got outs too!

Phil Hellmuth: The board is king, queen, eight-deuce. Kings and eights for me, and I’m in third fucking place. Come on, man. Kings and queens for Justin, and a set for Dan O’Brien, but I have two outs.

Justin Renken: This video can only go so long!

Phil Hellmuth: Give us the last card.

Speaker 1: [inaudible 00:10:22] Boom!

Phil Hellmuth: And Dan O’Brien wins again, and takes the chip lead. He busts me. Nice hand, Dan. He busts Justin, and he takes the chip lead with over 40,000 in chips. Oh, and he got my bounty. Dan, now I have to do my day job.

Speaker 2: I’ll take the buy-in ’cause I’ve got to now.

Speaker 3: Thank you.

Phil Hellmuth: Dan O’Brien smashing.

Speaker 2: You get to control the [inaudible 00:10:54]. That’s your job.

Phil Hellmuth: Damn it! I mean, nice hand.

Justin Renken: That hand was crazy, right? But it was worth it, and I had a lot of fun. So, let’s talk about Travis’s hand. After I got eliminated, I walked around the show, and I talked with a lot of interesting people who already knew about what ARK was, which was really nice because they were like, “Hey, ARK! Cool.” And I was like, “Yeah!” So I had lot of conversations with people who are considering using block chain technology. They’re like “Oh, what should I do? How can I use it easily?” And it was a lot of opportunities for me to talk to people about using ARK, and [inaudible 00:11:35] and block chains. The fact that it’s really easy, and you don’t have to know everything about programming to do it.

Justin Renken: When I was doing that, Travis was dominating, and he was still at the final table this entire time, okay? All the lights are on him, there’s cameras everywhere. Final table. Travis is chilling with his hat, and his shirt. [inaudible 00:11:54] too? Yeah. And just slowly stacking up, okay, slowly stacking up. So we’re cheering for him in the background. I’m like, “Yes! Okay, ARK is still in this.” So Travis, are there any interesting hands that you recall after I left, and before we get to your hand?

Travis Walker: I don’t know. There’s a lot of interesting hands that I actually wasn’t even in. I just kind of … I slow rolled quite a few times. I was more involved in the experience at that point in time. When I’d start paying attention, I would take a few hands, and then I’d sit back for a while. I honestly don’t even remember the exact way I got knocked out. At that point in time, there’s 150 people standing around me, and I just pushed back and stood up, and I was like, “Ahhh, this is not good.”

Justin Renken: Oh, that’s rough, but exciting. And you know, Travis, we got two pieces of good news for you because you told me how it went down, and I remember that.

Travis Walker: Yeah.

Justin Renken: And we got the audio from Phil.

Phil Hellmuth: Scotty Nguyen is all in, and called-

Phil Hellmuth: Nguyen is all in. And called. Scotty Nguyen. Flip it up Scotty!

Phil Hellmuth: Scotty with the ace, eight of spades, against queen, jack of spades.

Phil Hellmuth: Scotty! We’re almost 60% here, Scotty.

Phil Hellmuth: 58% for Scotty Nguyen. Give us a flop.

Phil Hellmuth: Scotty Nguyen with ace, eight of spades, his opponent with queen, jack of spades.

Phil Hellmuth: Nine, ten, six. It’s a good flop for the queen, jack.

Phil Hellmuth: This gentleman needs a king. There’s four kings.

Phil Hellmuth: A queen! There’s three queens.

Phil Hellmuth: A jack. There’s three of those.

Phil Hellmuth: That’s ten outs. But wait! Also an eight. There’s three of those.

Phil Hellmuth: 13 outs. You’re now even money.

Phil Hellmuth: Give us a card.

Phil Hellmuth: Five of clubs. It’s a safe card. With one to come, we already know …

Phil Hellmuth: You have 13 outs.

Phil Hellmuth: Four kings, three jacks, three queens, and three eights.

Phil Hellmuth: Scotty Nguyen has 31 outs.

Phil Hellmuth: Last card.

Phil Hellmuth: It’s seven and Scotty Nguyen makes a straight. Not that he needed it.

Phil Hellmuth: Scotty! B-b-b, B-baby!

Scotty Nguyen: Ho! Yeah baby! You know where my heart is.

Scotty Nguyen: Let me pick it up from the floor.

Phil Hellmuth: Scotty’s heart was pumping, baby!

Phil Hellmuth: Scotty!

Scotty Nguyen: There is nothing [inaudible 00:14:34] baby. You know?

Phil Hellmuth: Scotty Nguyen.

Travis Walker: Oh, I had fun. I never thought I’d be sitting here saying “Hey, I just played a poker tournament and Scotty Nguyen knocked me out”. I never … It’s not something you really think you’re gonna do in the future.

Justin Renken: Just in general.

Travis Walker: Yeah. And in general.

Justin Renken: Yeah, I know, it’s a bit surreal. And this is only day one, Travis. I mean, we still have adventures ahead, you know. We’ve got the event space, lots of exhibitors going on here at World Crypto Con. And on Friday I’m gonna be a part of the interoperability panel, which is four people talking about making blockchains, talk together and to each other.

Justin Renken: What am I gonna say? Well, I’m gonna talk about ACES, because that’s what’s up!

Justin Renken: So, Travis, let’s get into some ARK V2 stuff. Is that cool with you?

Travis Walker: That sounds great.

Justin Renken: Nice.

Justin Renken: Did you have a chance to listen to episode seven with my interview with Matt at all?

Travis Walker: You’re gonna be mad.

Justin Renken: Oh, don’t even.

Justin Renken: Tell me about this ARK V2 Testathon. Tell me how it works and what it’s doing to advance the ARK V2 roll out.

Travis Walker: The new week long Testathon, we’re giving everyone a chance to finalize. Like, if you see something, if you wanna jump in and test something, we’ve upped our bounties to anyone that does a PR of any kind will get, I believe it’s like, 50 dollars worth of ARK.

Justin Renken: Okay.

Travis Walker: At this point in time. If you provide a solution for that PR it goes up in stages after that, to a hundred or 200 dollars per … If you find a security vulnerability, or anything like that, contact us, we have a whole different bounty structure for that.

Justin Renken: Okay, so the security issue bounties are different from the published bounties. Is that right?

Travis Walker: Correct. They’re completely separate. We do that one for one. You’ll work with our devs and we will compensate you healthily.

Justin Renken: Okay.

Travis Walker: A great thing about all this, too, is all of our current community devs that are working will also get a chance for … anything they do with this, they’ll get these increased bonuses. But everything will also go towards their GitHub bounty programs that run monthly.

Travis Walker: So, on top of all the money they’re gonna get for this one week, they could potentially get even more for their upcoming month when they get their bounty program.

Justin Renken: Nice. And you know, I do also like that ARK is very focused on including as much of the community as possible in development, and helping develop the ARK products, like the ARK Wallets, the Explorer, and the Core codebase. And a lot of the community developers that contribute on our GitHub and get bounties, some of them actually end up on the team. Isn’t that right, Travis?

Travis Walker: Yeah. We’re very focused on anyone that already knows the code, and has been contributing, and they’re looking for work already, why not vet them to a position within ARK?

Justin Renken: It’s also nice that people who discover the projects, no matter what their skillset, they can find ways to get involved, help, and develop a stronger affinity for ARK, which is great.

Justin Renken: And we’ve also got the hard fork which is coming up after the testing is fully complete. So, how does a hard fork work in ARK, and is it something that’s nice and smooth and easy? How does it affect users?

Travis Walker: The only way a hard fork in ARK actually affects the users is they can’t trade it at that point in time during the hard fork.

Justin Renken: Okay, so, during the actual protocol upgrade they can’t trade it?

Travis Walker: Yes. It won’t … we’ll be shutting down exchange wallets, so you won’t be able to trade any ARK at that point in time. Well, send it to and from.

Justin Renken: Okay.

Travis Walker: You’ll be able to probably still trade on the …

Justin Renken: The market.

Travis Walker: On the exchange itself.

Justin Renken: Okay.

Travis Walker: But once it’s … if you wanted to broadcast a transaction of any kind, it will not happen at that point in time. That’s the only thing that actually affects the end-user.

Justin Renken: So it seems pretty smooth for the end-users, huh. I mean, maybe they might have to update their wallets, right, to a new version?

Travis Walker: Yes. That, yeah. And that’s already smooth with ARK. I mean, it pops up in the wallet if there’s a new version available.

Justin Renken: Wow.

Travis Walker: And in mobile world it’s usually, like, I know iOS does automatically update in the background. Google Play usually does, sometimes you just have to open the wallet for it to give you something in the background that says “Updating”.

Justin Renken: Okay. Well that sounds really convenient, actually.

Travis Walker: Yeah. The only people that are actually really affected that have to be right there on the spot, through the whole process, are the delegates, or any node operators, such as exchanges. They’re the ones that are actually doing the protocol upgrade in the background while you’re just standing by.

Justin Renken: Got it. Okay. I understand. And so, what would happen if not all the delegates were to upgrade, but most of them did? How would the blockchain handle that case?

Travis Walker: It would continue on without them.

Justin Renken: Okay. Got it.

Travis Walker: Until they either upgrade it or continue on their old fork.

Justin Renken: So, because of the Delegated Proof of Stake system, the delegates accrue votes from the users who assign ARK to the delegate wallets, and their votes have weight to get them into the top 51 slots where they forge new ARK.

Justin Renken: So, if some delegates, maybe they didn’t get the memo, or they were just being weird and they didn’t want to update, but they were still staying in those top slots with the top votes, what would happen? Would they just miss every block because there’s no node anymore?

Travis Walker: Once that consensus is formed between delegates, the chain starts, and if they are upgrading and they take their time, or whatever, they’re just gonna be missing blocks as things happen.

Justin Renken: Okay.

Travis Walker: And most delegates have those failovers where they get messaged or they’ll get emailed or they get pinged on their phone that they’re missing blocks.

Justin Renken: Sure.

Travis Walker: So the majority of time, unless someone’s really in a deep slumber, or completely off the grid, usually everyone upgrades very fast.

Justin Renken: Okay. After that, the AIP11 2.1 situation will be going on. After the MainNet is live for ARK V2. So, what are the key things in AIP11? ‘Cause I know that some people in the ARK community, and probably outside as well, have some misconceptions about what is gonna be the ARK V2 hard fork. Like, the ARK V2 hard fork is gonna show up on day x. People might have a misunderstanding about what features and stuff are happening on that day, and then what additional features and stuff are happening on 2.1 day.

Justin Renken: Can you confirm those differences on that?

Travis Walker: There’s gonna be more than one of those, actually. It’ll be a 2.2 after that as well.

Justin Renken: Okay.

Travis Walker: The V2 upgrade is just the core itself. Complete swap to the new core. It also includes the dynamic fee structure and other small things.

Justin Renken: Of course.

Travis Walker: But …

Justin Renken: I wouldn’t call dynamic fees that small, Travis, I mean, it’s the first Delegated Proof of Stake to do it …

Travis Walker: Yes.

Justin Renken: And, I guess, in terms of the fees being small, you’d be right!

Travis Walker: Fair enough!

Travis Walker: But the V2 itself is going to be … it’s going to enable different transactions on the MainNet itself.

Justin Renken: So new transaction types. I’ve heard this phrase a lot, “New transaction types”.

Travis Walker: Yes.

Justin Renken: So, like, what kind of transaction types?

Travis Walker: Such as, I believe multi-payments is in that one.

Justin Renken: Oh, okay, right. So you could pay a bunch of people with one transaction. Right?

Travis Walker: Yeah. Well, it would be in one block. So you could send, theoretically, it’s not 100% tested yet …

Justin Renken: Okay.

Travis Walker: But theoretically I think you could send over 2000 transactions at once, but then times that by however many transactions are accepted in the block. So if there are 150 transactions per block at that point in time …

Justin Renken: Yeah.

Travis Walker: Each transaction can be over 2000 transactions in one.

Justin Renken: Wow. So this sounds like it’ll come in really handy to pay voters. Is that right?

Travis Walker: Correct. Yes. It will eliminate a lot of the bloat from …

Justin Renken: From the actual voting situation.

Travis Walker: [crosstalk 00:22:48] Massive … from the massive amount of voters that sometimes delegates wanna pay out all at the same time. If you’re paying thousands and thousands of people out at the same time, you kinda slow the network down a little bit. But this multi-payments will really, really reduce that.

Justin Renken: It sounds like a good deal. So let’s go into a little bit more about these new transaction types. Now, I’ve also heard of this “Timelocks” or “Timelocking” transaction type. Can you go into a little bit more on that?

Travis Walker: Not from a development standpoint, but as a spectator in the background, I can.

Justin Renken: Okay.

Travis Walker: It’s going to, essentially, enable atomic swaps between our chains.

Justin Renken: Okay. That sounds like a decentralized SmartBridge to me.

Travis Walker: Sure?

Justin Renken: Okay. So, do you remember guys, there were some weeks ago, when I was talking about some whispers that I heard in various ARK communities about a decentralized SmartBridge? Now, in order to understand that aspect of it, we need to talk about ACES, which is a really great project run by the community, and ACES is a node system that allows for exchange of value and instructions between ARK blockchains and other [inaudible 00:24:02] chains. Chains like Bitcoin, Ethereum, Litecoin, and others.

Justin Renken: So the interesting thing about ACES is that the structure of ACES kind of puts it as the noderunners operating a business where their business is to exchange value or instructions between blockchains, and they can charge a fee as they need to. A flat fee or a percentage, or both. And then perform that service.

Justin Renken: So the way that it works is that if you have a lot of ACES nodes that are providing the same service between two different chains, it creates a lot of options for the end-user and the free market allows a competitive space that benefits the users. Not only that, but if you have a lot of ACES nodes servicing between blockchain A and B, and then you have some other ACES nodes servicing between blockchain A and C, if blockchain A and B is very popular and there’s a lot of interoperability going, then those fees in that environment might be boosted up a little bit where there’s a little bit more fees for the users because there’s just more demand. And that makes sense.

Justin Renken: But the users who are interoperating between blockchain A and C will not see those increases in fees. So it acts as a balancing act there where you’re not gonna be unfairly charged extra fees just because there’s a certain interoperability happening between two random chains that you don’t even care about.

Justin Renken: So this is one of the beauties of ACES. Now, the interesting thing about it is that it’s not entirely trustless, but it is considered decentralized in that there is no single point of failure.

Travis Walker: It’s a workaround, I would guess I would call it.

Justin Renken: Yeah.

Travis Walker: But you’re still with a third party, per se.

Justin Renken: Yeah. It’s kind of like this, guys. It’s kind of like, you know how you’re in your house and you have your internet provider, right? And the cable company has a monopoly on your area, and so you’re kind of like at their mercy. But with ACES it’s kind of like wireless carrier, so we’re like …

Justin Renken: But with Aces, it’s kind of like wireless carriers. Where, like, if you don’t like your wireless carrier. then you can just switch to another one. And they know that and because of that, they want to give you better service. So it’s kind of like that, like it’s not entirely trustless but there’s no single point of failure and it creates a marketplace that users can benefit from.

Justin Renken: So we say that to move into this where I said that there were talks in various Ark communities of decentralized smart bridge. What that is, is it’s essentially time-locked transactions between two chains that will allow the transfer of value-

Travis Walker: Let’s go back to the Aces themselves though because this is not going to eliminate Aces by any means because it’s still a very valuable service. Even like for somebody wants to run a private chain and doesn’t need to upgrade to V2. They can still use Aces for their current services if they want to spin up a second block chain internally like one for … they want to run an inventory chain and they wanted to run-

Justin Renken: Rewards program.

Travis Walker: Their current rewards program and whatever and they want the two to talk to each other, they can still use the Aces right now as is and that’s pretty big just for the private business.

Justin Renken: Yeah, absolutely. It definitely is and not only that but the Aces team is working on some new use cases for Aces besides just sending coins over here and sending coins over there. They’re working on some new marketplace ideas and some new ways to interact with different block chains in terms of like why you’re interacting with other block chains. You can check that out at their website which is arkaces.com.

Justin Renken: Okay, so Travis, also on the blog, we have a recent article about the Hack-A-Thon season being back upon us. I’m really exited about that because that is the opportunity to expose our code base, our culture, and our solutions and ideas to the new squad. The programmers and developers who will dominating this industry in only a few short years.

Justin Renken: So Travis, how’s it going with the partnership with Major League Hacking? I know you’re the frontman on that and what’s been going on with the Hack-A-Thon situation?

Travis Walker: The partnership with MLH is building a workshop. Essentially it’s going to be a entire class project for everyone to get into block chain. Well, we’re going to make it so they have to all run a node on a network based on Ark and work with the transaction types to run a small business. This is going to be a 90 minute class and it’s going to be crash course into block chain right of bat and then it’s going to be a crash course into, “Okay, now build something on Ark.” We’re working on it right now. We should have something in early to mid-November as to start pushing it out to Hack-A-Thons.

Justin Renken: Awesome. So, I’ve been thinking about starting up a … some would call it a meet up but I would call it a workshop but it’s just not technical at all. It’s more like a workshop for users to use the wallets, learn about crypto, learn about block chains. Then, of course, learn about Ark, have some presentations and maybe have some quizzes with Ark prizes. I’ve wanted to start something up like this in LA because there’s just so many people in LA and it just makes sense that some of them would be interested to learn about Ark. Maybe get some sponsorships from some delegates who want to give away from Ark, give away some prizes for things like quizzes and stuff. This is the first time I’m kind of talking about it. It’s a bit of an exclusive too.

Travis Walker: There’s … you can also get … you probably can get a delegate or two to actually show up to help out.

Justin Renken: You know, that’s a really good point. That’s a really good point. I just met with Cali Delegate a few months ago. Cali Delegate is a team and I met up with Zarvoc, and Zarvoc and I had some brats, some beers, and talked about Ark. He showed me the commander. It was really cool. So I think that maybe I should reach out to him and see if we can get something going. I mean, it might not be right away, like things are always very busy. We’ll see how fast it takes to make this happen but it’s something that I’m very interested in.

Justin Renken: So Travis, I did want to tell you that I am so appreciative of being here in Vegas with you at the show. I’m always going to remember this experience so thank you very much, Travis. And thank you for coming on the cast with me.

Travis Walker: I’m glad you enjoyed it. And actually hope I get to … get a little more exposure on this podcast in the future too.

Justin Renken: Yeah. I’d love that.

Justin Renken: All right, that’s going to do it for this episode of the Ark Crypto podcast. Tune in next week for audio from my discussion on the panel for interoperability, our website, the arkcryptopodcast.com, is really stepping up its game with easily streamable episodes and written transcripts as well. Coming soon.

Justin Renken: You can also subscribe directly to our podcast on iTunes, Google Play, Stitcher, Sound Cloud, Spotify and Cast Box. Don’t forget to follow us on Twitter, @Ark_Podcast.

Justin Renken: Well, hey, you made it this far. Would you like to hear some bonus content? Well here’s a really exciting poker hand from the tournament featuring poker pro and crypto YouTuber Doug Polk, followed by The Winning Hand as we warp ahead to the end of the tournament featuring poker pro Dan O’Brien and crypto Twitter guy Jeremy @jebus911. We’ll see you next time.was

Phil Hellmuth: What? I just want win against Johnny Chan. Oh my God. Doug is smashing his boy Scottie over here. No mercy at the poker table.

Phil Hellmuth: People are paying thousands of dollars for seats just to be in this room.

Speaker 4: Just to be in this room.

Phil Hellmuth: Demon Girl. This is a very hot room.

Speaker 4: We’re in the presence of greatness.

Phil Hellmuth: Hot room.

Speaker 4: Much greatness.

Phil Hellmuth: Two tables left. Dan O’Brien professional poker player’s in there. Doug Polk, professional poker player. Scotty Nguyen. Three pros at this table.

Phil Hellmuth: What?

Speaker 4: That whole table … Everyone.

Phil Hellmuth: Doug Polk is all in up here at the feature table. Gather around if you want. Gather around if you want. He’s been called and Doug is in trouble.

Speaker 5: He’s in trouble.

Speaker 4: [inaudible 00:32:40] the whole bunch.

Speaker 6: Unreal.

Phil Hellmuth: Doug, you’re in the four business. It’s not a very profitable business. No it’s a bad business to be in. Doug needs a four, give us a card. There’s only three fours. He’s still 12%. Give us a card.

Phil Hellmuth: Oh. It’s a four on the turn, wow.

Speaker 6: It’s [inaudible 00:33:01] the four business.

Doug Polk: Give him a nine.

Speaker 4: The chosen one.

Speaker 6: I love the four business Phil. Thank you very much for giving me the mic for this. And, let’s see a river. No, no, no sorry, no okay.

Doug Polk: Set it up.

Phil Hellmuth: All right with one to come Doug’s going to win this pot unless a nine comes. Three nine’s. A king comes, three kings. Six out for you. 38 outs for Doug. Last card please.

Phil Hellmuth: Oh. Oh my God it’s a king on the river.

Speaker 6: Holy shit.

Phil Hellmuth: What in the world is going on here.

Speaker 6: That guy is lucky. That’s the guy that got me-

Phil Hellmuth: Wow. Kings and jacks it’s going to be jacks and fours.

Speaker 6: Hey Doug, hey Doug now I know why you’re retiring.

Phil Hellmuth: Doug, I know now why you’re retiring. It’s too tough to take the river.

Doug Polk: It was unlucky. That was unlucky.

Phil Hellmuth: I love Doug. Hey, Doug Polk, for the record I love Doug … #ILoveDougPolk okay.

Phil Hellmuth: [crosstalk 00:34:17].

Speaker 5: Let’s go Scotty.

Phil Hellmuth: Wow, what a king that was. Wow.

Speaker 5: You might fall away one.

Phil Hellmuth: I would have said nice hand.

Phil Hellmuth: I would have knocked the chair over. Swore.

Speaker 5: Yep. He would have laid on the floor.

Phil Hellmuth: Laid on the floor for 20 seconds. Yep. All true.

Phil Hellmuth: Tournament is on the line. It’s king-five versus queen-three. King-five is a two to one favorite. To win the pot and win the title. But Dan O’Brien’s won three million playing poker. Deal.

Phil Hellmuth: Just facts. There’s a three on the flop. The door card, but a king right behind it. Right now Dan needs a three. Two of those are queen, there’s three of those. Five out stand’s about 20% right now. He also wouldn’t mind a jack.

Phil Hellmuth: Give us a card. He wouldn’t mind a spade. That’s a horrible card for Dan. Almost the worst card in the deck. Dan needs a three. There’s two threes left. Two wins for Dan. 42 wins for you.

Phil Hellmuth: What?

Jeremy: If you want a name, Jeremy.

Phil Hellmuth: 42 wins for you Jeremy.

Jeremy: Woohoo.

Phil Hellmuth: That’s a woohoo moment.

Jeremy: It’s a two outer.

Phil Hellmuth: It’s a two outer.

Phil Hellmuth: Jeremy’s going win the title. Nice Job Jeremy. Well done.

Phil Hellmuth: It’s over baby. The champion has been declared, baby it’s over. You call me, it’s over baby. JD it’s over baby.

Episode #012 – ARKv2 Testathon, New Hackathons, Halloween Clues & Justin Renken ARK Interview With ALTCOIN Magazine Oct 29, 2018

The twelfth episode of the ARK Crypto Podcast is here! I am in Las Vegas at the World Crypto Con Conference, a three day event full of event space, speakers, and panels. I am also participating in a blockchain-oriented Poker tournament while I’m here!

This episode is a reading of my recent interview with ALTCOIN Magazine, where I outline introductory ARK concepts and goals. This is a great one to share with friends because it’s easy to follow along and I speak nice and slow. Keep your ears perked for any Halloween clues of the ‘Arkening!’

Expect the next few weeks to be loaded with Las Vegas news and content here on the ‘cast.

For more episodes & insight into all things ARK, follow us on facebooktwitterinstagram or subscribe with your favorite podcast app. We are currently live on SoundcloudiTunesStitcherGoogle Play Music, and Spotify. As always, thanks for listening!

This episode is hosted by Justin Renken.

Cheers and Enjoy!


Transcript

Hello, crypto-land. I’m Justin, it’s Friday, and this is the ARK Crypto Podcast, episode 12. Well, first things first. Did you finish one of the things I said last week? That’s due today. It’s cool. I’ll give you til the end of the day if you procrastinated, and it’s gonna be on your permanent, immutable record. World Crypto Con is upon us! I’m in Las Vegas right now. Today is the last day of the conference, and the day that I will be on the interoperability panel as a panelist.

But hey, you want to know if I won the poker tournament! Did I get to the final table? Did I get ambushed in the first 30 minutes? Well, I can’t tell you, because it’s Tuesday and this is a prerecording. Sorry to trick you, but I’m only one person who can be in one place at one time. Expect the next few weeks to be filled with news and interviews from WCC here on the cast. I hope you enjoy the content.

Guess what else? The upcoming ARK v2 protocol update is really heating up now, with the ARK v2 test-a-thon offering bounties of ARK to programmers, testers and users like you, you and you! Maybe you’re even all thre.e you can even suggest something, without knowing quite how to solve it, and if it’s valid, receive some ARK. The test-a-thon includes everyone. How cool is that? Check blog.ark.io for details.

Not only that, but hack-a-thon season is back! ARK will be attending and sponsoring two hack-a-thons in November: Hack PHS and Hack Princeton. There’s gonna be crazy stacks of prizes there, and the buzz is afoot. Travis is also cultivating ARK’s new partnership with Major League Hacking to crate a workshop that anyone will be able to use for their hack-a-thon or future meetup or event. More details on that are on the blog as well.

Well, let’s get right into this episode. This is going to be a recording of an interview that I recently conducted with Altcoin Magazine. Altcoin Magazine is a great source for news and exclusive content about, you guessed it, alt coins. You can check them out and subscribe on medium.com/altcoin-magazine.

Well, let’s get started with the reading. I really had a lot of fun on this interview, and the interviewer was very kind, courteous and professional, and I hope you enjoy it. In the written interview, Altcoin Magazine said, “Give us a brief introduction to the project. What have you created, why have you crated it, and how do you plan on making it? How will your project make an impact on the world?”

Well, Altcoin Magazine issuing the plural you in this case, in the interview questions. So I’m not personally making any of these modules, codebases. I’m not building these smart bridges. Okay, I’m just a guy talking about ARK, and on that note, the podcast is just talking. It’s not financial or investment advice, but you knew that. So I said in response to this, I said, “My name is Justin Renken, and I am ark.io communications specialist. The ARK ecosystem is a spiderweb of teams, operators, users, participants and other blockchains, united ina common goal: to bring the power of blockchain to as many people as possible. ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology.

ARK achieves this through a high-performance mainnet blockchain, with block times of only eight seconds. This mainnet is powered by what are called delegates, or nodes run by people or teams of people who secure the network and deploy every-expanding community services. These delegates are voted in by the people of the ARK community, and ark.io does not run the network. The consensus model of ARK is known as delegated-proof-of-stake.

ARK also has intuitive, instant-launch wallets, geared for the common user, including full-featured mobile wallets available for Android and iOS. ARK caters to all developers with a powerful sandbox of tools and models, enabling any developer to create a customized blockchain in mere moments, and enhance their new change with well over a dozen different programming languages, including C and C++, recently released in the ARK SDK.

Finally, ARK enables interoperability with both ARK bridgechains, which is what ARK calls blockchains that use its codebase, and other blockchains like Bitcoin and Ethereum, by way of its unique smart bridge technology. ARK’s end goal to impact the world is to make creating and using blockchains so easy it becomes an afterthought.”

Altcoin magazine continued, saying, “Tell us about your accomplishments so far, and tell us what you are most proud of having accomplished in the history of the project.” Well, I said, “The simplest way to highlight all of ARK’s many accomplishments is to visit the community resource, arktimeline.com, which is a vast, interactive experience tallying every ARK event since its inception in late 2016, and mainnet launch in early 2017. All ARK events are searchable, easily categorized, and filterable, giving anyone an immediate bird’s-eye view of ARK’s ability to deliver. Arktimeline.com was built and deployed by the ARK Community Committee, which I run.”

Altcoin magazine continued, saying, “What is the single coolest thing about your project? It can be something you developed or something you achieved.” Well, I responded to that question by saying, “I would be remiss to try to answer this on my own, so I’ll start with something most community members would probably say, given the chance. The coolest thing about the ark.io project is very likely the wallets. ARK has beautiful desktop, mobile, paper and web wallets, focused on ease of use for the general public. The wallets run instantly, without needing to sync, and users receive voting rewards even when their wallets are offline.

“Voting rewards are similar to the staking rewards you hear about on some other projects, and they’re a voluntary aspect of the ARK delegate system. Ark.io does not control the ARK network. Delegates give voting rewards voluntarily, and voting rewards are not part of the ARK protocol. I strongly recommend experiencing our wallets, as they are a big reason our community has grown so large.”

Altcoin magazine then said, “Give us a quick rundown of the future of the project. What are you seeking to bring to life, and what will it mean for the overall project?” I responded with, “In the short term, our goal is to complete the newly rewritten core codebase, dubbed ARK Core v2. This new core, which will be at the heart of ARK and ARK-based chains, achieves monumental strides in reliability, power, versatility and convenience. This is the next logical evolution of ARK’s grand vision, and it will deal away with the old Lisk and [Crypty 00:07:46] code beneath the current ARK codebase. ARK v2 is a bottom-up redesign, built by ARK, with love. No forks, no derivation.

“ARK v2 sports unique solutions to complex blockchain architecture problems. Once ARK v2 is purring along on mainnet, our next major plan is to compete and implement powerful plugin modules that can interface directly with the new ARK core: namely, ARK Virtual Machine for smart contract execution, similar to Ethereum, and ARK IPFS, or Interplanetary File System, for decentralized large-format file storage. Concurrently, we will be completing and releasing a core 2.1 release for new transaction types and protocol functionality, as well as complete our pushbutton blockchain graphical user interface, for intuitive customization and deployment of impressive blockchains.

“All ARK products have easy baked into nearly every aspect, and anyone can check ARK’s efforts and progress at ark.io/roadmap. ARK’s vision will be realized when anyone who needs blockchain technology can deploy their own custom implementation of the tech in a reliable and secure manner, all without much, or any, programming knowledge at all. These user-deployed chains are all optionally linkable, forming the larger ARK ecosystem.”

Altcoin Magazine then became curious about our team, saying, “Tell us about your team. Who are the people behind the screens?” Well, I responded by saying that anyone can meet the ARK team at ark.io/team. There are 27 original founders of ARK, and currently over two dozen team members collaborating all over the world within ark.io. This of course does not include the countless community teams working on ARK-based products and ideas of their own, or contributing to our GitHub. This also doesn’t include the delegate teams constantly developing, deploying and enhancing valuable and unique community services, which of course utilize ARK technology.

“Even the average ARK user is contributing to the project via valuable feedback on our GitHub and social media channels. Participation is a cornerstone of the ARK culture, and we all strive for a common goal together. Sure, the team has the coveted ark.io email address, but our community supports us just as much as we support them. Some other crypto projects may have mentioned they’re a touch jealous of our strong community, but let’s keep that between us. The other three Medium writers for the ark.io blog are BoldNinja, Matthew DC and Travis, so make sure to check out their profiles for more information on ARK.”

Altcoin Magazine became curious about our partnerships, asking, “What partnerships have you formed so far, and which ones are the biggest?” I responded by saying, “Well, we tout about a dozen and a half partnerships and growing, and we are listed on over a dozen and a half exchanges as well.” We are pleased with our partnership with Ledger, allowing users to send ARK, as well as vote, using the ARK desktop wallet, in a secure environment. We are rubbing elbows with some projects that have huge potential to change the crypto landscape as we know it, in our opinion. We provide a helping hand, and they help us as well.

“For example, our partnership with MARAchain, a project for secure, GDPR-compliant document transmission, opens doors to collaboration on our upcoming Interplanetary File System module. Our blog has articles describing all of our many partners, and those articles and more can be found at blog.ark.io, or arktimeline.com, after choosing only the partnerships tag.”

Altcoin Magazine then moved into marketing, asking “What kind of marketing do you practice to let the world know about your project, your product and your mission? Do you attend any events or conferences?” I responded by saying, “On the whole, we tend to place a bit more emphasis on partnerships, hack-a-thons and organic growth over traditional marketing tactics you may have seen in the crypto space. Our aim is to expose our products and our culture to other individuals and groups on a more personal level, and let quality and curiosity take over. However, we have also been known to attend and sponsor many notable conferences around the world. ARK commanded a massive [inaudible 00:12:39]

Hello? I seem to have broken through the communications. You there, quickly, listen up before it’s too late, ’cause I don’t have long to tell you this. You must go to an internet place in which the Mongols of today [inaudible 00:12:59] where ideas are brought to life and updates are penned. Once you’ve reached this golden land, search for your heart’s desire. Find the map within, and start your path to glory, for evil must be crushed, and this can’t be done without you, so heed these words. Best of luck. Darkening is upon us.

[inaudible 00:13:23] sponsor many notable conferences around the world. ARK commanded a massive presence at Consensus NYC 2018, and sponsored more than a handful of hackathons globally, to entice developing talent to dive into our codebase. This comes full circle by way of our partnership with Major League Hacking, a large organization fostering computer science competitions, totaling some 60,000 participants to date. Ark.io also enjoys doing interviews with online magazines, hence.

“On the community side, the delegate culture breeds outreach for ARK as well. The supplemental services that delegates deploy have been known to draw newcomers into ARK. We also have some founders using their personal funds for pet projects in ARK marketing, namely co-founder and board member Travis Walker sponsoring multiple racecar teams, including the ARK 72 NASCAR. The ark.io crypto funds are ample, yet best served in development at the moment. You could say ARK’s philosophy is, “Build fast and outlast.”

“ARK does not have to spend exorbitant amounts of money competing with the marketing of other projects who may run out of money in a matter of months or simply just implode. ARK has been in the game for quite a while, in crypto terms, and possesses enough funding for 10 or more years of operations. ARK is a very ambitious project with the long game in mind.”

Altcoin Magazine then asked, “What is the best article that has been written about your project so far? Throw a link below and let us know why.” I responded by saying, “From a technical standpoint, Mario Vega’s “Dipping our toes into the ARK Core” series is a dream of a read. It familiarizes developers with ARK’s codebase and approach, and pops the hook on our brand new core. At that time, Mario was a community member, and since then has been hired onto the team to assist with documentation and other writing.

“That is a common theme with ARK. Community members can’t help themselves, they just want to get involved. One day they wake up with a job interview. I was the same way, having been very active with ARK for about 10 months now, building resources on my own and running services like arkstickers.com, delivering ARK sticker packs anywhere in the world. Now I am proudly on the ARK team as communications specialist, and it’s a new adventure every day. Whether team, delegate or community, there are always fun challenges, exciting opportunities and great people. Here are the links to Mario’s two-part article.” And I gave those links. Cool.

Altcoin Magazine continued, asking, “What are the coin metrics, and how do they lead to a stable and balance system?” I responded by saying, “The ARK Genesis block, circa March 21, 2017, crated 125 million ARK, with some locked for the team, and some other ARK reserved for special development in a fund called ARK Shield. To reward delegates for their node operations and delegate services, two ARK are forged in each block, which clocks in at a brow-raising eight second block time. This results in approximately 7,884,000 new ARK per year. Because this number is fixed, this results in a healthy, declining inflation rate instead of a harmful, fixed inflation rate. This arrangement, combined with the delegate system, comprises ARK’s delegated-proof-of-stake consensus algorithm.

“ARK has made a number of critical improvements on delegated-proof-of-stake that gives it the edge over other delegated-proof-of-stake-based projects, albeit the details may not be appropriate for an abridged article such as this. There is a helpful presentation, though, available here, and that presentation link can be found on arkdirectory.com/kits.”

Altcoin Magazine continued the interview, asking, “If people want to follow you on social media, visit your website or read your important documents, what are they links they need to visit? Please list them below.” Well, ark.io has a lot of links, and if you’re in front of your computer, check one of these out. I answered by saying, “It’s quite easy to learn about ARK on our website, ark.io, or our documentation portal, which is at docs.ark.io.

“However, for the more visual people, we also have informative yet concise videos at our official YouTube channel, which is at youtube.com/arkecosystem. If audio is more your tune, it’s thearkcryptopodcast.com. that’s where you can hear me speak about ARK every Friday, and it’s easy to subscribe using multiple platforms. But you already knew that, because you’re listening to me right now. Thanks! To communicate and chat with me directly, or to join the ARK Community Committee and collaborate on ARK projects, which are mostly non-programming, and earn ARK, locate me on the Discord, which is discord.ark.io. Moreover, many community members can be found on the ARK Slack, which is at ark.io/slack. And we also have a very nice subreddit at reddit.com/r/arkecosystem.”

Altcoin Magazine began to wrap up, asking, “Where is the best place for people to start acquiring your currency?” Well, I responded with some very carefully worded thoughts, starting with: “While this article is not intended as investment advice, or to convince anyone to buy the ARK mainnet token, and all investments carry risk and may lose value … A very easy way to obtain ARK would be to buy it on Binance, Bitrex, UPbit, or over a dozen other exchanges viewable on ark.io on the bottom of the homepage. Our partnership with Changelly allows you to buy ARK from directly inside our desktop wallet, even with [inaudible 00:19:27] depending on your country or region. However, a truly rewarding method to obtain ARK is to earn or win it. There are over a dozen ways to do that, outlined in the ARK Crypto Podcast episode five.”

Nice. Altcoin Magazine then asked me to provide any final thoughts, and I said, “Sure. Learning more about ARK on Medium is easy, by visiting blog.ark.io, or following one of our more notable team members on Medium: BoldNinja, Matthew DC, Travis, or me, Justin. Our ARK desktop wallet v2 is on its way, so be sure to stay up to date with the latest announcements to get a notification once it’s out. Thank you for including me in Altcoin Magazine, and please let me know if there is anything ARK can do for you in the future.”

Well, that was a really fun interview, and I had such a good time talking about ARK. I always do. You can probably tell, because I’m willing to go anywhere and talk to anyone about ARK. I really like ARK’s products because they’re so easy to us, and anyone can use them to participate in the blockchain space. Not only that, but one of ARK’s main goals is to reduce the barrier to entry for someone utilizing blockchain technology to achieve a goal or provide a use case. And someday, the types of people that utilize ARK blockchain technology and deploy their own blockchains may surprise you.

All right, that’ll just about do it for this episode of the ARK Crypto Podcast. Tun in next week for episode 13, which will most definitely be hot Vegas news and content. I can’t wait, mostly because I don’t know what it is. It’s still Tuesday, remember? You can learn more about the ARK Crypto Podcast on our website, thearkcryptopodcast.com. You can subscribe directly via iTunes, Google Play, SoundCloud, Stitcher, Spotify and … which one? Hold on. Okay. ARK Crypto Pod … Which one was it? Oh, crap, I typed it in wrong. Hold on. Arkcryptopodcast.com Yeah. Wait, no. Thearkcryptopodcast.com. Got it, got it, got it. Thearkcryptopodcast.com. Right, okay. Castbox. You can also subscribe on Castbox, and don’t forget to follow us on Twitter at ark_podcast. As always, thank you for listening, and thank you for supporting the ARK ecosystem. We’ll see you next time.