What is Ardor (ARDR)?

Sep 04, 2018 at 21:39

Ardor is a blockchain-based solution that is developed to solve all scalability and customization issues faced by majority of crypto platforms as it comes with smaller block size, lower blockchain bloat, multiple transactions and a host of ready-to-deploy interrelated blockchains.

Its platform is divided into two specific parts, the main/parent chain and the child chain that are available in distinct blockchains, engineered for businesses with use-specific applications and features even if it is just a fork of the Next cryptocurrency.

Ardor’s platform acts as a parent chain that can process multiple transactions through a proof-of-stake consensus mechanism, to provide wider scalability and security to all underlying child chains with transactions paid only in native tokens.

A child chain in the network can maintain all transactional history without verifying individual transactions. Different child chains can also carry all or only a few of the parent chain’s characteristics to enable users to manage one single account but claim the balances of multiple child chains simultaneously.

Through the parent-child environment of Ardor, assets and tokens can be traded throughout the chains that will enable users to directly use ARDR tokens for child chain tokens.

One of Ardor’s child chain is Ignis, which is an open-source and permissive blockchain that can be used for free with companies only needing acquire official licenses and create their own child chain.

Likewise, ARDR is needed in the system whenever a transaction fee has to be charged within the child chains. The chains will collect the entire transactional fee and will pay them using Ardor coins to the chief blockchain.

Where to buy?
ARDR can be purchased on major crypto exchanges like Binance, UPbit, Bittrex, OKEx and Poloniex, among others by exchanging them for other cryptocurrencies like ETH or BTC but not yet fiat currencies.

Is it mineable?
ARDR is not mineable and has a maximum supply of 998,999,495 coins.