Presentation and definition of the crypto-currency Krg (KRG)
- Name of the crypto-currency : Ark
- Abbreviation : KRG
- Where to buy the Ark ? Binance
- Creation Date : April 2017
- White paper of Ark
- Web Site of Ark
The creation of Ark
The crypto-currency Krg has an unusual career. It’s when François-Xavier Thoorens left the project Lisk that Krg sees the light of day. At the time, the members of Lisk think that the founders lack of vision and when one of the developers leaves the ship, this causes a challenge to the global community. Dozens of members decide to open a group to discuss the future of Lisk. 9 people will emerge from these discussions and the launch of a new project : the Ark in reference to Noah’s Ark.
The Ico Ark
The group of developers is launching an ICO, “the Initial Corner Offering” to fund the project. The ICO must reach a minimum of 2000 bitcoins to be validated. In December 2016, the fund-raising is a failure : it does not reach the target floor, and therefore cannot be confirmed. In 2017, the team managed to find a new agreement with the donor, and can finally launch his own crypto-currency.
The features of Ark
Ark is the first currency type cryptographic PoS (Proof of Stake) to acquire a USB key secure hardware Wallet. The blockchain Krg allows a validation of the transaction ultra-fast : a block can be created every 8 seconds. 60 times faster than its competitor Bitcoin, Ark is one of virtual currencies the fastest on the market.
The co-operative Krg Ecosystem
With the expansion of the Krg, it has become important to secure the project and protect the funds. Thus was launched the SCIC Krg Ecosystem, with the goal of giving priority to the project and not to the shareholders. In this organization model, 52.5% of the assets generated are allocated to the development of the project.