This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
ARK Contract 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
ARK’s SmartBridge 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 En...