ACES: ARK Contract Execution Services
Execution Services is the first working
use-case of ARK’s SmartBridge technology.
ACES initial release makes for another world first for ARK, by bridging two separate blockchains
together and achieving true interoperability between ecosystems.
ARK ACES on Github : https://github.com/ark-aces
Tech allows interoperability between blockchains using what’s
called a ‘Vendor Field’
or ‘SmartBridge Field’, embedded in the core code. Other chains can opt to embed this vendor field code
in their own chains for direct connectivity with the ARK Ecosystem. ARK can also achieve interoperability
without other blockchains embedding the vendor field code using what is known as an Encoded Listener Node.
Encoded Listeners act
as a hub, listening to the SmartBridge vendor field and
waiting for data or functions
to be executed. ACES itself is an Encoded Listener Node, using ARK’s SmartBridge to communicate
between ARK and Ethereum.
What is ACES and what can it do?
ACES allows users to
transfer ARK directly to Ethereum without using an exchange,
making it decentralized.
It automatically calculates any fees and handles all conversions, and even returns excessive ARK spent if all
is not used or the transaction doesn’t go through on the Ethereum network.
The next step for
ACES is to allow ETH to ARK transfers as well, currently in
the works. There is also a plan
to make a marketplace for running ACES Encoded Listeners, making it even more decentralized, and giving
users more options, depending on their needs. But ACES is not stopping there. The ACES team is planning
on adding many more coins to this service, including Bitcoin. Follow the ACES roadmap here:
ACES Ethereum Contracts.
ACES doesn't just
create decentralized marketplaces for token transfers. ACES
also allows users and
developers to write and execute smart contracts on Ethereum via ARK. Using ACES to write Smart Contracts
on Ethereum is a breakthrough in blockchain technology. It shows the true power of ARK’s SmartBridge technology.
This service does require more advanced understanding of Ethereum Contracts and the Ethereum Solidity language.
Running an ACES
Encoded Listener can add to the ecosystem by providing an
alternative node to the network,
creating more options for users and decentralizing services. This requires some advanced developer knowledge
and holding of ETH in your node for transfers, but following the guides at https://aces-ark.io/ can be helpful.
You can choose to be a public or private ACES node. Public ACES nodes will be listed in the upcoming
marketplaces where users can see node performance stats, fees, reviews, and offering services for each ACES node.
We also encourage you
to see this great video produced by one of the ARK’s delegates
for a quick guide through
the features ACES currently offers:
Full walk through guides are available at https://aces-ark.io/
ARK is an
open-sourced and transparency focused blockchain and ACES
follows in the same footsteps by being
completely open-sourced for anyone to review and contribute.
ACES was developed by
a team of ARK community developers, and can be contacted right
on their GitHub,
or in the #aces channel in the official ARK Slack chat
Company name: ARK
Company site: https://ark.io
Company contacts: Travis Walker