Ardor is an advanced decentralized platform that offers people the opportunity to use the blockchain technology of the Nxt cryptocurrency through so-called “child chains”. In this way, companies and organizations can develop their own unique blockchain applications, while the Ardor Main Chain takes care of the verification of transactions as well as the communication between different child chains. Are you starting to delve into cryptocurrencies? Welcome to CoinJournal! Our mission is to make blockchain technology understandable and to give you insights into the usefulness of various cryptocurrencies. If you like, before learning more about the Ardor cryptocurrency, you can read our introduction to cryptocurrency .
Ardor is a blockchain technology and digital currency. The technology naturally focuses on being able to exchange buy? That is how it works! and value as any cryptocurrency does, but replenishing offers a surprising number of unique benefits. In fact, Ardor’s primary function is not “money” at all, but to provide a platform that allows organizations and individuals to deploy their own decentralized applications without technical knowledge. One of the issues some blockchains face as they grow in popularity is scalability. Ardor calls one of the causes of these problems “blockchain bloat”. This means that almost all activities that take place on a blockchain and any sidechains must be stored. This means that every new node that wants to sync with that blockchain already buys it? That is how it works! should be retrieved again, even if not all stored data is still equally relevant. Ardor solves this by means of a so-called “parent – child” blockchain architecture. This means that only the verification of transactions and the storage of proof of this on the primary “Main Blockchain” is done, while actions such as publishing and execution of smart contracts are done on underlying blockchains (Child Chains). For example, the actual consensus only happens on the “clean” Main Blockchain” while additional things can be arranged at another level, namely the child chains. The Ardor blockchain is in fact the successor of the even if not all stored data is equally relevant. Ardor solves this by means of a so-called “parent – child” blockchain architecture. This means that only the verification of transactions and the storage of proof of this on the primary “Main Blockchain” is done, while actions such as publishing and execution of smart contracts are done on underlying blockchains (Child Chains). For example, the actual consensus only happens on the “clean” Main Blockchain” while additional things can be arranged at another level, namely the child chains. The Ardor blockchain is in fact the successor of the even if not all stored data is equally relevant. Ardor solves this by means of a so-called “parent – child” blockchain architecture. This means that only the verification of transactions and the storage of proof of this on the primary “Main Blockchain” is done, while actions such as publishing and execution of smart contracts are done on underlying blockchains (Child Chains). For example, the actual consensus only happens on the “clean” Main Blockchain” while additional things can be arranged at another level, namely the child chains. The Ardor blockchain is in fact the successor of the This means that only the verification of transactions and the storage of proof of this on the primary “Main Blockchain” is done, while actions such as publishing and execution of smart contracts are done on underlying blockchains (Child Chains). For example, the actual consensus only happens on the “clean” Main Blockchain” while additional things can be arranged at another level, namely the child chains. The Ardor blockchain is in fact the successor of the This means that only the verification of transactions and the storage of proof of this on the primary “Main Blockchain” is done, while actions such as publishing and execution of smart contracts are done on underlying blockchains (Child Chains). For example, the actual consensus only happens on the “clean” Main Blockchain” while additional things can be arranged at another level, namely the child chains. The Ardor blockchain is in fact the successor of the while additional things can be adjusted at another level, namely the child chains. The Ardor blockchain is in fact the successor to the while additional things can be adjusted at another level, namely the child chains. The Ardor blockchain is in fact the successor to theNXT cryptocurrencyand therefore makes use of all the advantages that NXT has to offer. This includes being able to create your own digital currency or points system, being able to manage (parts of) your own blockchain without technical knowledge and being able to count and cast votes without the intervention of a third party. To be able to confirm transactions, the Ardor network is used. a Proof-of-Stake consensus algorithm. This means that the chance and the right to verify a transaction does not depend on the computing power of a processor or graphics card, but on the share that someone has in the blockchain. This is a reason for companies to use a public blockchain like Ardor for their business applications.Also view the Ardor explanation / introductory video below : Ardor website: https://ardorplatform.org/
Ardor is a new cryptocurrency, but nevertheless has a reliable past. This is because the ARDR blockchain is based on NXT technology; a unique cryptocurrency introduced in 2014 by Jelurida, the team of developers behind both the NXT and Ardor blockchains. We call the cryptographic token – or the digital currency – on the Ardor blockchain ARDR. The blockchain on which the ARDR tokens are used is called the Ardor Main Chain. This blockchain aims to ensure the security of all child chains and to process the transactions of these child chains. While some things are possible on the Main Chain, such as exchanging ARDR between different Ardor wallets, most functions are disabled to guarantee optimal speed and capacity of the primary blockchain. Despite that, buying ARDR can be a worthwhile investment: all underlying blockchains (child chains) depend on the Ardor Main Chain. It is therefore likely that the Ardor price will rise when the price of a cryptocurrency on one of the child chains also grows. You can somewhat compare it with ERC-20 tokens on theEthereum Blockchain . Investing in cryptocurrencies is and remains a risk, but the NXT developers have shown that they can certainly develop unique and valuable blockchain applications and it seems that Ardor is a valuable successor to Nxt.
Because the Ardor blockchain will only be live after the Initial Coin Offering (ICO) for the first child chain called IGNIS is completed. While the Ardor blockchain was initially set to go live in the third quarter of 2017, a slowdown in the ICO of the IGNIS cryptocurrency has caused some delay. The Ardor Main Chain is expected to go live in November 2017, after which there will also be an official ARDR wallet. Currently, the ARDR cryptocurrency is still a token on the NXT blockchain. This means that the best Ardor wallet doesn’t really exist yet: you need the Nxt Client. This wallet can be downloaded for Windows, Mac, Linux and Android via the NXT website.As soon as an Ardor wallet is available for the ARDR crypto, we will update this page with the most recent buy? That is how it works! so you can download the correct wallet.
How you want to invest in cryptocurrencies such as ARDR, or how you want to sell Ardor, is of course up to you. CoinJournal advises you to use Litebit if you want to buy Ardor with iDeal or pay with euros in another way. But if you already own another cryptocurrency, you can take advantage of a slightly better price by buying ARDR tokens with Bitcoins or another cryptocurrency via Changelly: