Ardor (ARDR) – Should You Invest in Ardor Coin?
What is Ardor?
Ardor is a Blockchain-as-a-Service (BaaS) ecosystem which allows anyone to create their own blockchain. The network consists of a main chain, which is responsible for blockchain security and several customizable side chains, which are called “child chains” in the Ardor system.
Every child chain is connected to the main chain and uses the main chain for verification. Child chains are easy to set up and are highly customizable and modular. Proof-of-Stake is used as a consensus mechanism.
With Ardors unique architecture it is even possible to pay for transaction fees in native tokens of child chains. Ardor uses selected nodes that converse this specific tokens into ARDR, the native token of Ardor.
Every validator gets then paid in ARDR. What Ardor does is that it makes blockchain technology available for every person and every specific use-case without the need to develop a full blockchain.
Every existing company can simply set up a child chain with Ardor and security, and decentralization is provided through the main chain, the Ardor root layer. And every child chain can have its own native token; it is not necessary for users to hold ARDR tokens to make transactions in the system. The block time is 60 seconds on average and
History
Ardor was developed by the same people that created the blockchain NXT, a company called Jelurida. Many people see Ardor as “NXT 2.0” because it takes the concepts of NXT even further and adds additional features. In the year 2016, every NXT token holder received ARDR tokens via airdrop on a 1:1 ratio.
Can Ardor be mined?
No, the consensus mechanism is Proof-of-Stake. Therefore you cannot mine, but you can stake your tokens to help secure the network and get additional tokens as compensation.
What differs Ardor from other Cryptocurrencies?
Ardor is focussed on Blockchain-as-a-Service and makes it easy for anyone to create application-specific blockchain without building one from scratch.
They solved the problem with the native tokens that NXT had, that every transaction fee for every transaction that occurred on a side chain had to be paid in native tokens of the underlying root-chain.
How much is Ardor worth today?
What is the total and the circulating supply?
The maximum supply and the circulating supply is 998,999,495 ARDR.
Where can you buy ARDR?
You can buy ARDR on several cryptocurrency exchanges, most notably HitBTC and Upbit.
Can ARDR be sold for cash?
You can sell ARDR for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Upbit.
Future Development
Ardor mainnet is live. The team is working on launching more child chains on the network and make usability enhancements in this year. For the year 2019 child chain specific test nets, zero-knowledge transactions, and integration with data storage systems are planned. Overall development is very active.
Verdict and Rating
6/10 Pretty good project with a significant head start over other BaaS-projects. The team is experienced, and hard-working, successful child chains have already been launched. If we assume a growing demand on Blockchain-as-a-Service, Ardor could be a good investment because it could be one of the winners in this space. One to watch.
References
Disclaimer
The writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.More Posts
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