Ardor

Ardor (ARDR) is a cryptocurrency developed by Jelurida, a private company founded in 2016. The project is often referred to as "Nxt 2.0" due to its roots in the Nxt blockchain, which was created in 2013. Nxt was one of the first blockchain platforms to use Proof-of-Stake (PoS) as its consensus mechanism and was known for its open-source nature and ability to support various functions such as blockchain voting, trading, and asset creation.

Ardor was designed to build upon the successes of Nxt, addressing issues like security, speed, scalability, and bloat. It achieves this through its unique parent-child chain architecture, where the main Ardor chain secures and processes transactions for multiple child chains. This design allows for scalability and prevents blockchain bloat by pruning off unnecessary data from the child chains.

The ARDR token is the consensus token that secures the entire Ardor network and is used for transactions on the main chain. It operates on a Proof-of-Stake mechanism, where users can "forge" new blocks and earn transaction fees based on their ARDR balance.

Ardor has been listed on several major exchanges, including Binance, Bittrex, and Huobi, and has seen significant price fluctuations over time, including a notable spike in January 2018. The project has also launched its first child chain, Ignis, which serves as a proof of concept and demonstrates the capabilities of the Ardor platform.

Despite its promising features, Ardor faces stiff competition from other blockchain development platforms and needs to generate more buzz and excitement to gain widespread adoption and partnerships.

Ardor (ARDR) is a cryptocurrency that operates on a multichain blockchain platform. Here's how it works:

Ardor uses a 100% proof-of-stake (PoS) consensus algorithm, which makes it energy-efficient and not dependent on expensive hardware. This protocol allows the platform to be suitable for both public and private implementations, making it accessible on any desktop or mobile device.

Ardor's unique architecture separates security from functionality by creating multiple chains. The main Ardor chain is a slimmed-down blockchain built for speed and security, while child chains hold all the functionality and customizability supported on Nxt. Child chains are separate, customizable "blockchains" within the Ardor ecosystem, each with its own native tokens and built-in features necessary for their specific use case.

Child chain transactions are safely removed ("pruned") from the system once they are no longer needed, and their hashes are included in the parent chain. This architecture allows child chains to be implemented quickly, in a matter of minutes or hours, as they derive their security and decentralization from the main chain.

Ardor solves the native token problem by using a system of bundlers. These are network nodes that accept fees paid in the child chain token and then convert the payments to ARDR to pay the Ardor forgers. This means that end users can initiate transactions in a child token and pay transaction fees in the child token, making it more user-friendly.

All child chains are interconnected, and their native tokens can be traded on the built-in fully decentralized coin exchange. Additionally, many objects such as assets, account properties, currencies, and more are "global" for the whole ecosystem and can be accessed from any child chain.

Ardor's architecture is designed to be scalable and solves many existing industry problems such as blockchain bloat, single token dependency, and the need for easily customizable-yet-compatible blockchain solutions. The security of the whole network is provided by the parent Ardor chain, ensuring that the platform is secure and reliable.

Overall, Ardor's innovative architecture and features make it a robust and scalable blockchain platform that can support a wide range of applications and use cases.

The token Ardor (ARDR) has several strengths:

1. Energy Efficiency: Ardor uses a 100% pure proof-of-stake consensus algorithm, which significantly reduces the hardware requirements for securing the network, making it energy efficient.

2. Scalability: Ardor's unique parent-child chain architecture allows for scalability by pruning off unnecessary child chain data once they are included in the permissionless Ardor parent chain, preventing the "bloat" of the network.

3. Customizability: Ardor offers customizable child chains that come ready to use for various business applications, making it a great option for companies looking to leverage blockchain without the resources to dedicate to custom development.

4. Interoperability: All child chains are connected and share the same source code, ensuring ecosystem interoperability that allows child chain token trading to one another in a fully decentralized way and transactions on one child chain to access data or entities on another.

5. Security: The Ardor main chain provides transaction security and proof-of-stake consensus validation, ensuring the integrity of the network.

6. No New Tokens Created: Since Ardor uses proof of stake, no new ARDR tokens are created, which theoretically increases the value of ARDR.

These strengths make Ardor a robust and versatile blockchain platform suitable for various applications.

Ardor (ARDR) is considered a relatively low-risk investment, with a risk score indicating that it is a moderate risk investment. This assessment is based on various market trends and indicators, including historical data, market sentiment, and regulatory news. While the potential for high returns exists, there is also the potential for significant losses. Factors such as overall demand and supply, news and developments related to Ardor and the wider crypto market, market sentiment, regulatory news, technological advancements, and macroeconomic trends all influence Ardor's price and contribute to its financial risks.

• Lior Yaffe: Co-founder and Lead Developer of Ardor, also the dev lead on other Jelurida projects, including NXT. He is a key figure in the technical development of Ardor and its broader vision.
• Jelurida Team: The private company behind Ardor, Nxt, and Ignis, comprising experienced software engineers and a legal expert. They have been working on blockchain technology since 2013 and are responsible for the development and maintenance of Ardor.
• Steve: A writer for Coin Bureau, providing reviews and insights on cryptocurrencies like Ardor. He highlights the importance of the Ardor team's work in solving problems of security, speed, scalability, and bloat.