Hey everyone, if you have heard of the crypto ARK, you may have heard of one of their developments...the ARK SmartBridge. Now you may be asking yourself, what is the Ark SmartBridge and how can it help Ark and other cryptos? Well, this post will be a quick and hopefully, easy explanation to give you a better understanding of the Ark SmartBridge. Lets get to it...
SmartBridge is the ability to connect and communicate between blockchains. This has the potential to make every altcoin more powerful and allows each app produced on the blockchain to reach a greater audience. The mighty Bitcoin iteself can also gain the functionality of every altcoin via a simple blockchain token called Ark. This would make Ark a medium/intermediary between chains. All that is needed is a small code to be implemented that is very easy to do for programmers and it will not harm any of the blockchains. This code will connect Ark and the various blockchains.
This means if you want to perform an action on a blockchain via a different blockchain, you can check if both blockchains are SmartBridge compatible. If so, you can initiate a SmartBridge transaction to any compatible blockchain via the ark wallet. Example: If you wanted to do an ETH smart contract, but you don't currently own any ETH, you can use your Ark and send instructions via the Ark SmartBridge right in the wallet to trigger the event. The code embedded in the ETH is set up to receive your request and will use this info to trigger the function and issue a contract. Anyone that wants to act as a medium to help the network can, and they can collect transaction fees for doing so. Pretty cool right? This can be huge for various alts in the near future.
