Can anyone please explain the benefits of using ARK's smart bridges? never really understand that part.....
Basically will allow functionality between Blockchains... For instance 10 years from now a major company wants to use Waves, Ethereum, Lisk, Bitcoin, Litecoin, and a few others for there own special advantages.. Instead of worrying about wallets and nodes for each Blockchain, They can just maintain one and use ARK to bridge the commands between the Blockchains.
How soon can the platform possibly be used?
I think Chronobank's project will be using WAVES and ETH network for the team plan to use different network for each of their tokens. If smartbidges are goingto be available before chronobank will finally be done with their ICO, they may be able to use ARK.
The bridges will take some time, hopefully the first 3 will be done within a year. At first it is just, Bitcoin, lisk, and Eth.
first read this
https://www.smithandcrown.com/ark-smartbridging-blockchains/yes, ark will be able to bridge any blockchain so the usecases are infinite. Basically, ARK smartbridge will do anything and everything that sidechains can't. Because sidechains are based on one coin/chain, while ark is it's own chain with the ability to connect any chain. Making every coin/chain an ARK sidechain, thus creating the ARK ecosystem where everything can be compatible.
Curious what use cases bridging say litecoin or bitcoin to arkcoin? All I can think of is a properly functioning decentralized exchange. What other uses are there?
hmm, well i think it would also enable you to accept payments in multiple coins for a service without need of 3rd party like shapeshift or their tools like shifty?
SMARTBRIDGE will pretty much make shapeshift obsolete . and they received VC funding, but if there a CORE function doing what they do, it will be better as people DONT WANNA rely on a 3rd party to complete their everyday business, whether shapeshift or an exchange, if the PEOPLE are given the tools, we will do it OURSELVES.
People are crazy to not give this one a go, its prob the biggest idea of 2016 , or was there any bigger? i guess zcash but its just making founders rich haha, nothing new we have monero already for anon shit