What is Ardor (ARDR)?
Future of ARDR Cryptocurrency and know how to buy ARDR

#1: Ardor (ARDR): The Basics

What is Ardor?

  1. Ardor is a blockchain-as-a-service platform (BaaS) designed and created by a competitive team of technology enthusiasts at Jelurida, the parent company responsible for building Ardor and NXT blockchain platforms.
  2. Ardor provides businesses with a solution wherein they need no coding to set up a blockchain.
  3. It follows a unique parent-child chain architecture. Companies can set up a child chain to any pre-existing parent chain and use its security features.

Ardor Development

  1. Ardor’s founding company, Jelurida, launched Ardor on January 1, 2018 through a crowdsale of its first child chain, IGNIS. The crowdsale garnered $15 Million. Because IGNIS itself is unrestricted and decentralised and has all features of the NXT blockchain, all the child nodes ever created will also have these features on them.
  2. NXT, a second-generation cryptocurrency was launched in 2013. It was the first blockchain protocol to use the Proof of Stake (PoS) consensus mechanism.
  3. NXT is built on JAVA and has not encountered any downtime since its inception. Multiple industry solutions (data cloud, phasing, shuffling, account control, digital goods store, voting system, monetary system, etc.) had been built over NXT in the three years before the launch of Ardor.
  4. All these solutions are present on all child chains of Ardor. Its white paper explains all features of both Ardor and NXT platforms. It also gives a comparative study of the platforms so that you (the user) can easily understand them.

 

#2: What are the benefits of Ardor?

Features of Ardor

A few features that were built into the Ardor framework are:

    1. Offering Blockchain as a Service (BaaS) - Ardor has opened up the blockchain development to organizations and individuals across the world. That’s why the team plans to promote their technology and share their learnings across various demographics.
    2. Manageable blockchain size - Ardor has invested in identifying ways to address scalability concerns. It separates transactions and data that do not affect security from those that do. All transactions that do not affect security can be moved on to child chains.
    3. Decentralized Asset Exchange - Using the Asset Exchange on NXT, Ardor will allow child chains to interact with each other. Thus, enabling trade of assets on any child chain for any of the child chain tokens. This would facilitate collaboration across networks as well as allow cross chain asset trading.
    4. Decentralized voting and governance systems - Ardor has introduced a system of secure and anonymous voting that will feature on all child chains like on the NXT platform.
    5. Phased transactions - Using multiple parameters like minimum number of votes or a set amount of time, Ardor will use Smart Transactions that are completely decentralized. Users will only need to provide the necessary parameters and the ID of the functionality they want to use, to complete an operation.

Ardor Technology

  1. Ardor’s parent-child chain architecture makes it extremely secure and gives each chain a lot of functionalities. It also means that businesses have access to a readymade solution for a lot of their problems. Since it is built on the commonly-used Java programming language, community work on Ardor is also relatively easy.
  2. Ardor’s unique design comprises of a single parent chain and multiple child chains. While the parent chain is responsible for network security and processing, the child chains look into operational transactions such as creating assets, voting on polls, sending messages, etc.
  3. There is a structured process called “bundling,” wherein the child chains’ transactions are reported to the parent chain. These bundlers package multiple child chain transactions into a single Child-Chain-Block transaction on the parent chain. This is then followed by payment of the transaction fees in Ardor by the bundlers that receive the transaction fees in the child chain coin.
  4. The first child chain of the Ardor platform, “Ignis”, will inherit all features found on the NXT blockchain. Although these features will also be available on other child chains, a certain feature can be altered or removed by applying restrictions on them, if required. In the Ardor network, the parent chain and child chains like IGNIS share the same source code and the same security guarantees.
  5. The employment of a Proof of Stake (PoS) algorithm in the Ardor network reduces its energy requirement. The PoS algorithm, an alternative to the proof of Work (PoW) algorithm states that a person can mine or validate block transactions depending on many coins he or she holds.
  6. By attributing mining power to the proportion of coins held by a miner, the PoS pushes a miner to mine a percentage of transactions that is reflective of his or her ownership stake, instead of utilizing power.
  7. It also keeps the chain lightweight because confirmed transactions can be removed. This also allows the core team to verify all smart transactions.

 

#3: How to Buy & store Ardor?

How to buy Ardor coins?

  1. Most of the lesser known cryptocurrencies cannot be bought with fiat currencies (dollars, euros) directly. Ardor (ARDR) also falls in the same list. To purchase ARDR, you need to have another pairing cryptocurrency like Bitcoin or Ethereum.
  2. On an exchange aggregator like CoinSwitch, the largest cryptocurrency conversion platform in the world, you can find the best rates available for Ardor across platforms like OKEx or Bittrexthat sell Ardor.
  3. Once you create an account, you can deposit your funds in it and purchase Ardor or any other cryptocurrency of your choice. CoinSwitch allows you to trade ARDR for multiple other cryptocurrencies. It helps you compare rates across all exchanges so that you can make an informed decision about when and where to buy Ardor.

How to store ARDR coins?

Although it is possible to store Ardor on the exchange itself, it is not recommended. Ardor’s official Ardor Lite wallet can be used to store the currency. Offline transactions are also allowed through the Ardor API or through Sigbro Offline.

 

#4: What is the future of Ardor?

Also Read: Complete Analysis of Ardor | Live Ardor (ARDR) Price Charts And Predictions

Historical Data for Ardor (ARDR): April 2018 to July 2018

Month

Open*

High

Low

Close**

Volume

Market Cap

July 2018

$0.14551

$0.14733

$0.14420

$0.14662

6,10,959

14,53,65,000

June 2018

$0.18662

$0.19605

$0.18298

$0.19476

19,22,190

18,64,29,000

May 2018

$0.32729

$0.34127

$0.30591

$0.33407

42,22,310

32,69,63,000

April 2018

$0.28695

$0.30423

$0.28658

$0.29827

39,43,980

28,66,59,000

Historical trends

The historical trend of ARDR can be thoroughly followed on multiple market evaluation sites. While the price stands at $0.15 as of July 2018, the crypto coin has been seeing volatile trades in the first half of 2018.

Future Trends

Walletinvestor recommends ARDR as a profitable buy. A five year forecast suggests a potential 656.71% return on the investment. In the next one year, the projections are estimated to yield 92.08% returns.

 

#5: How is Ardor different from other cryptos?

  1. Ardor (ARDR), a Blockchain-as-a-Service (BaaS) platform, is run by the Jelurida Foundation. While it can accommodate several use cases, its foremost application is seen in creating other blockchain solutions in addition to its own network.
  2. The platform also provides one of the easiest ways to create and run an ICO because of the simple use of Java as a programming language. This also makes it accessible and simpler to code, as compared to other blockchains, like Ethereum.
  3. Ardor’s unique technology puts it in a prime position to be a fierce challenger in the immediate future. It boasts of a unique and robust architecture that makes ARDR a lucrative investment option going forward.

#6: Should you invest in Ardor?

  1. The market projections for the coin depict that ARDR can be a profitable investment option for cryptocurrency traders. Ardor has grabbed investors’ attention thanks to its significant growth in the past and the relatively stable trends. Considering its history, it is not expected to crash anytime soon.
  2. Furthermore, with ~999 million out of 1 billion coins are already in circulation and with increasing number of traders taking an interest in Ardor, the best time to invest in this digital currency could be right now. The cryptocoin shows a lot of promise and many industry enthusiasts have placed their bets on the growth of this coin.
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