Ardor (ARDR) is a decentralized multi-chain blockchain platform that utilizes a unique "parent-child" architecture. The parent chain ensures network security, while child chains provide customizable, business-ready functionality. This hybrid design allows for the creation of multiple transactional tokens and offers energy efficiency through its proof-of-stake consensus algorithm. Ardor aims to provide a scalable and customizable solution for businesses and institutions to leverage blockchain technology without requiring extensive technical expertise.
Ardor (ARDR) is a multichain blockchain platform that uses a unique parent-child chain architecture. The security of the whole network is provided by the parent Ardor chain, while the interoperable child chains have all the rich functionality. This design allows for flexibility and scalability, making it suitable for various use cases and mainstream adoption of blockchain technology.
Key Features and Uses- Child Chains: Ardor allows users to create their own customizable child chains, which are separate blockchains within the Ardor ecosystem. These child chains have their own native tokens and built-in features necessary for their specific use cases.
- Token Usage: The ARDR token is used in the proof-of-stake (PoS) consensus algorithm, providing security for all child chains. Child chain tokens are used as transactional units of value within their respective chains.
- Interoperability: All child chains are interconnected, enabling the trading of child chain tokens with each other and with the parent chain coin (ARDR) on a fully decentralized coin exchange.
- Scalability: Ardor solves the problem of blockchain bloat by pruning off unnecessary child chain data once they are included in the permissionless Ardor parent chain, ensuring the network remains efficient.
- Smart Contracts: Ardor supports safe smart contracts, allowing for a variety of use cases and applications.
- Customization: Child chains can be customized with enriched functionality, permissioning, or custom parameters as needed.
- Business Use: Ardor provides a convenient setup for businesses, offering network scaling options and a complete ecosystem where multiple players can interact without leaving the platform.
- Decentralized Applications: Child chains can be used to build decentralized applications without downtime, censorship, or interference, making them suitable for both personal and public use cases.
- Token Trading: ARDR tokens can be traded on various exchanges, such as Bittrex, HitBTC, and Poloniex, against currencies like BTC and KRW.
Overall, Ardor (ARDR) is designed to provide a flexible and scalable blockchain platform that supports a wide range of applications and use cases, making it a versatile tool for both businesses and individuals.
To store Ardor (ARDR) tokens, you can use the NXTWallet, as Ardor is an asset of the Nextcoin cryptocurrency. If you already have NXTWallet set up, the address for receiving ARDR tokens will be the same as your NXTWallet address.
To buy Ardor (ARDR) tokens, you can follow these steps:
Choose a Centralized Exchange (CEX):
- Select a reliable and trustworthy crypto exchange that supports Ardor (ARDR) purchases, such as Binance, Huobi Global, or Poloniex.
- Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
Create an Account:
- Enter the required information and set a secure password.
- Enable two-factor authentication (2FA) using Google Authenticator and other security settings to add an extra layer of security to your account.
Verify Your Identity:
- Complete the Know-Your-Customer (KYC) verification process, which may vary based on your nationality and region.
Add a Payment Method:
- Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method.
Buy Ardor (ARDR):
- If the exchange supports fiat-to-ARDR purchases, you can buy Ardor directly using your local currency.
- Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for Ardor (ARDR).
Transfer and Store:
- Transfer your purchased Ardor (ARDR) tokens to a secure wallet, such as a non-custodial wallet like KuCoin Wallet or MetaMask, to store and manage your assets.
Crypto Wallets:
- You can also buy Ardor (ARDR) directly through a crypto wallet that supports Ardor purchases, such as Kriptomat.
- Download the wallet application, create a new wallet address, and purchase Ardor using a supported payment method.
Decentralized Exchanges (DEXs):
- Use a DEX like Uniswap to buy and trade Ardor (ARDR) tokens using self-executing smart contracts.
Remember to always follow security best practices and use reputable platforms to ensure the safety of your assets.
