Ardor is a Blockchain-as-a-Service Provider (BaaS) and an open-source multichain platform aiming to solve such issues as blockchain bloat, single token dependency, etc.
ARDR is the cryptocurrency that powers the Ardor Platform.
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What Is Ardor
Ardor is a Blockchain-as-a-Service Provider (BaaS) that provides blockchain infrastructure for businesses and institutions to leverage the strengths of this technology without investing in the development of custom blockchain solutions. Ardor is a multichain platform that offers a parent chain that handles security and decentralization, along with interoperable, customizable child chains with rich functionality for various business applications.
Ardor is called Nxt 2.0 since it relies on the Nxt core programming and uses the proven features of the verified and reliable Nxt blockchain technology, plus additional advanced capabilities aimed at solving the issues with payments, scalability, and customization.
The network uses the Proof-of-Stake consensus mechanism. Its native coin, ARDR, powers the generation of new blocks and network consensus.
Ardor Founders
The Ardor blockchain platform was launched on January 1, 2018. The company behind Ardor's development is Jelurida, a blockchain software company founded by Lior Yaffe, Kristina Kalcheva, and Petko Petkov.
Lior Yaffe is a core developer and the company's director. He has more than 20 years of experience in designing, developing, and deploying enterprise applications.
Kristina Kalcheva is Ardor's legal expert and director. She's a legal specialist who's been working as an advisor for seven years.
Petko Petkov is a software developer experienced in financial software, productivity tools, and games. His career started in 2006 with mobile Java development.
The team has also developed the Nxt blockchain platform and the IGNIS child chain.
The ARDR coin was presented to the market in 2016 when Jelurida announced it was developing the Ardor blockchain. They implemented a crowd sale of the IGNIS child chain's tokens for the launch. As a result of the ICO, which ended in November 2017, Jelurida raised $21,600,000. NXT holders and the participants of the crowdsale received ARDR and IGNIS tokens on the Ardor blockchain at the time of its launch. Users could use the same account number and password as for the Nxt blockchain.
ARDR has a max supply of 998,999,495 tokens. ARDR price is volatile and depends on several factors such as general market sentiments, supply, and demand, network incentives, etc. Ardor price reached its all-time high of $2.55 on January 13, 2018, and its all-time low was $0.008368, recorded on October 30, 2016.
How Does Ardor Work
Ardor uses a multichain approach to move data and operations from parent to child chains. All transactions of the child chains are included in the parent chain due to the bundling system. The technology groups several child chain transactions into parent chain blocks and allows app owners to sponsor transaction fees for their end-users.
Ardor child chains are separate customizable "blockchains" within the Ardor ecosystem. They have their own native tokens and built-in features for their specific use case.
In the Ardor ecosystem, all child chains are interconnected, and their native tokens can be traded on the coin exchange. At the same time, any side chain provides access to objects like assets, account properties, currencies, etc., that are "global" for the whole ecosystem.
Parallel processing of the transactions of different child chains increases network scalability, while the parent chain ensures network security.
Ardor uses a Proof-of-Stake (PoS) consensus algorithm, which allows the platform to be highly energy efficient and not to depend on expensive hardware.
How to Buy Ardor Coin
You can buy Ardor (ARDR) on various cryptocurrency exchanges such as Upbit, Probit, Binance, CoinEx, Bittrex, HuobiGlobal, WazirX, Poloniex, etc.
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