Ardor Profile (ARDR)
Project Safety Score
Mon, Mar 18, 2024 12:00 AM
| Market Cap | $71,329,654.18 | |
| Market Dominance | 0.006 | |
| 24hr Volume | $5,710,631.01 | |
| Price | $0.0714 |
Ardor
coin
2ndgen blockchain
Ardor is the latest in the growing field of contenders for blockchain as a service (BaaS) providers. Ardor provides the blockchain infrastructure for businesses and institutions to leverage the strengths of blockchain technology without having to invest in developing custom blockchain solutions. Instead, Ardor offers a main chain that handles blockchain security and decentralization plus customizable child chains that come ready to use, right out of the box, for various business applications. Ardor goes beyond Nxt to solve critical issues of blockchain bloat, scalability, and customization. Nxt is a well respected, verified, and established blockchain technology with a comparatively long history and an experienced development team. However, as blockchain usage increases over the coming years Nxt, and other blockchain technologies, will face some fundamental problems with payments, scalability, and customization. The first and most straightforward problem is the use of native tokens for transaction fees. Nxt uses a forging proof of stake system, meaning that the total token supply has already been created and new tokens aren’t created with each block. Instead, the forgers that verify the blocks receive a portion of the transaction fees paid on the network. As such, the transaction fees need to be paid in NXT, even if you’ve created a new currency that’s independent of Nxt, you’ll still need to own NXT in order to pay miners, diluting the value of your own currency. To test Ardor’s capabilities and serve as an example of an operating child chain, the Ardor developers have created Ignis. Ignis will implement all of the customizable features that come from the Nxt code base. Essentially, Ignis will be a proof of concept and could be the first of many more child chains on the Ardor platform. The Ignis ICO recently raised $15 million in funding for development. In the future, Ardor child chains could be used to create equity trading platforms, digital file transfer services, private enterprise blockchain applications, and many more use cases. Ardor’s strengths are quick time to setup and wide customizability, making it a great option for companies looking to leverage blockchain without the resources to dedicate to custom development. Ardor has many architectural advantages. One of them and perhaps the most influential one is that it has been created using Java; one of the most widespread programming languages in the world today. This is definitely a step in the right direction seeing as it becomes ten times easier for a commercial application to succeed if the development language is one which most programmers can relate to.
Read more in the whitepaper:- Platform
- Infrastructure
- State Channels
- Blockchain Platform
- Enterprise Solutions
- Smart Contract Platform
- no technologies
- no features
/5
Yannis Newell 6 years ago
hodl 6 years ago
æ£åœ¨è¾“å…¥ 6 years ago
94%
Profile Status
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
- tradingview profile
Member Signals
/5
( reviews)Ardor Reddit
Ardor Github
Ardor Twitter
Ardor News
-
Binance proof reserves auditor mazars pauses crypto client work
Sun, Dec 18, 2022 3:35 AM...
read more... -
eSignus partners with Jelurida to integrate Ardor, Ignis and ...
Sun, Dec 18, 2022 3:35 AM...
read more... -
Una parte de Binance ha detenido el servicio para los usuarios de criptomonedas ¿otro colapso?
Sun, Dec 18, 2022 3:35 AM...
read more... -
Five Cryptocurrencies Suspended on Binance
Sun, Dec 18, 2022 3:35 AM...
read more... -
Abnormale Kursbewegungen auf Binance kein Hack-Angriff ...
Sun, Dec 11, 2022 3:35 AM...
read more...
Rob Brock 6 years ago