Menu
Ardor is a next-generation blockchain platform that stands out for its innovative architecture and many advanced features. Launched by Jelurida in January 2018, Ardor was designed to address several challenges faced by traditional blockchains, including scalability, flexibility, and security. Unlike many other blockchain platforms, Ardor uses a unique parent-child chain system, where the main chain secures the entire network, while the child chains can be customized for various use cases without burdening the main chain. This architecture allows for greater efficiency and reduced costs, making Ardor particularly attractive to enterprises and developers looking to integrate blockchain technology into their operations.
Ardor traces its origins back to the Nxt platform, one of the first blockchains to offer advanced features like smart contracts and proof-of-stake (PoS). Nxt, launched in 2013, was a pioneering project in the cryptocurrency world, introducing several innovations that have become industry standards.
However, despite its advancements, Nxt had some limitations, especially in terms of scalability and customization. It was in this context that Jelurida, the development team behind Nxt, decided to create Ardor to overcome these challenges. Ardor inherits Nxt’s robust features while introducing a unique multi-chain architecture.
1. Jelurida and the Development Team
Jelurida is a company founded by developers and blockchain experts with extensive experience in developing decentralized technologies. Their mission is to promote the use of blockchain through scalable and secure solutions. With Ardor, Jelurida aims to provide a blockchain infrastructure that can be easily adopted by enterprises for various use cases, ranging from financial applications to data management platforms.
2. The transition from Nxt to Ardor
The transition from Nxt to Ardor was driven by the need to improve the scalability and flexibility of the blockchain. Nxt, while advanced, was limited by its monolithic design, where all transactions and functionality had to be managed by a single chain. This led to congestion issues and high transaction costs.
Ardor, on the other hand, introduces a parent-child architecture where the main chain (Ardor) provides security and validation of transactions, while child chains (such as Ignis, Ardor’s first child chain) can be customized and managed independently. This separation helps reduce the load on the main chain, improve transaction speed, and reduce costs.
3. Launch and Initial Adoption
Since its launch in January 2018, Ardor has attracted the attention of many companies and developers due to its unique capabilities. The platform has seen the adoption of various child chains for applications ranging from digital asset management to creating decentralized games. Ardor continues to evolve with regular updates and improvements to meet the changing needs of the blockchain community.
Ardor is designed to address several major challenges that traditional blockchains face, particularly those related to scalability, security, and flexibility. Here are the main goals of the Ardor platform:
Improve scalability
One of the main goals of Ardor is to improve the scalability of blockchains. Traditional blockchains, such as Bitcoin and Ethereum, often suffer from network congestion as the number of transactions increases, leading to longer confirmation times and higher transaction fees. Ardor solves this problem with its unique parent-child architecture. Ardor’s main chain handles security and transaction validation, while child chains can be customized for various use cases. This reduces the load on the main chain and improves transaction speed.
Make child chain creation and management easier
Ardor makes it easy for businesses and developers to create child chains on the platform. Each child chain can be configured with specific features to meet specific needs, without impacting the performance of the main chain. This provides considerable flexibility for developing custom blockchain applications. For example, Ignis, Ardor’s first child chain, offers a full range of out-of-the-box features, such as asset management, messaging, decentralized marketplaces, and more.
Reducing Costs and Improving Efficiency
Ardor also aims to reduce the costs associated with using blockchains. By allowing child chains to operate independently while sharing the security of the main chain, Ardor reduces transaction fees and maintenance costs. This makes blockchain technology more accessible and cost-effective for small businesses and independent developers.
Security and Decentralization
Like all blockchains, security is a priority for Ardor. Ardor’s main chain uses a proof-of-stake (PoS) consensus mechanism, which is more energy-efficient than the proof-of-work (PoW) used by Bitcoin. Additionally, the decentralization of the Ardor network contributes to its resilience against attacks and outages.
Promoting Interoperability
Ardor is designed to promote interoperability between different chains and systems. Child chains can interact with the main chain and each other, facilitating the transfer of value and data across different blockchain applications. This interoperability is essential to building a cohesive blockchain ecosystem where different solutions can complement each other and interact seamlessly.
Ardor is a versatile blockchain platform that finds applications in many fields thanks to its innovative architecture and numerous features. Some of the areas that can be mentioned are:
1. Digital Asset Management
Ardor enables the creation and management of digital assets in a secure and decentralized manner. Users can issue tokens, track their ownership, and transfer them using child chains. This is particularly useful for companies looking to manage assets such as stocks, bonds, intellectual property rights, and more.
2. Decentralized Marketplaces
The platform enables the creation of decentralized marketplaces where users can buy, sell, and exchange goods and services without intermediaries. Ignis, Ardor’s first child chain, includes features to create decentralized online marketplaces, facilitating peer-to-peer trading.
3. Electronic Voting Systems
Ardor can be used to implement secure and transparent electronic voting systems. Child chain features enable the creation of voting systems that ensure voter integrity and anonymity, ideal for corporate elections, community voting, or even public elections.
4. Supply Chain Management
Traceability and transparency are crucial in supply chain management. Ardor enables products to be tracked at every stage of the chain, recording information immutably on the blockchain. This helps prevent fraud, ensure quality, and build trust among stakeholders.
5. Financial Applications
Ardor offers solutions for decentralized financial applications (DeFi), such as lending, borrowing, and asset management. Smart contract and asset management features enable the creation of innovative financial products that operate in a decentralized and secure manner.
6. Data Management and Digital Identity
The platform can be used for secure data and digital identity management. Child chains can store and manage sensitive information, such as medical data, identity documents, and certificates of authenticity, while ensuring privacy and security.
7. Gaming and NFTs (Non-Fungible Tokens)
Ardor enables the creation and management of non-fungible tokens (NFTs), which are essential in the gaming industry for the representation of unique objects and virtual properties. Game developers can use Ardor to create gaming ecosystems where digital assets can be securely exchanged and used.
8. Decentralized Social Networks
Decentralized social networks can be built on Ardor, offering an alternative to traditional centralized platforms. These networks allow users to control their personal data and monetize their content directly, without relying on an intermediary.
9. Document Management and Smart Contracts
Ardor facilitates the management of documents and smart contracts, allowing companies to create, sign, and verify contracts in an automated and secure manner. This reduces administrative costs and improves the efficiency of business processes.
Ardor stands out from other blockchain platforms with several unique and innovative features.
Parent-Child Architecture
One of the most distinctive features of Ardor is its parent-child architecture. Unlike most blockchains, Ardor uses a main chain (the parent chain) to secure the network and manage Proof of Stake (PoS), while child chains are used for transactions and specific features.
Security: The parent chain secures the entire network, reducing the fragmentation and security risks associated with multiple chains.
Scalability: Child chains allow for load distribution, improving scalability by avoiding congestion on the main chain.
Proof of Stake (PoS)
Ardor uses a Proof of Stake (PoS) consensus mechanism, which is more energy efficient than the Proof of Work (PoW) used by blockchains like Bitcoin.
Energy Efficiency: PoS consumes significantly less energy compared to PoW, making Ardor more environmentally friendly.
Security: PoS provides robust security by allowing token holders to participate in the transaction validation process.
Customizable Child Chains
Ardor’s child chains can be customized for various use cases without impacting the performance of the main chain.
Flexibility: Enterprises and developers can create child chains tailored to their specific needs, whether it’s asset management, voting systems, or decentralized gaming.
Transaction Isolation: Transactions on child chains do not burden the main chain, allowing for more efficient resource management.
Bundling Transactions
Ardor introduces the concept of “bundling,” where transactions from child chains are grouped together and included in the parent chain by bundlers.
Cost Reduction: Transaction fees can be reduced because bundlers can subsidize costs for end users.
Efficiency: Bundling allows for processing large numbers of transactions more efficiently and quickly.
Lightweight Smart Contracts
Ardor supports lightweight smart contracts, which are less complex and more secure than traditional smart contracts.
Simplicity: Lightweight smart contracts are easier to develop and audit, reducing the risk of bugs and vulnerabilities.
Performance: These contracts use fewer resources, improving the overall performance of the network.
Interoperability and Asset Transfers
Ardor enables asset transfers and interactions between different child chains.
Interoperability: Child chains can exchange data and assets with each other, facilitating complex use cases involving multiple chains.
Flexibility of Use: This feature allows great flexibility for developers and users, making Ardor adaptable to many needs.
Multi-purpose Infrastructure
Ardor is designed to be a versatile platform, suitable for various industries and applications.
Wide Application Areas: Industries such as asset management, decentralized marketplaces, voting systems, and many others can benefit from the flexibility and security offered by Ardor.
Customization: Child chains can be configured with specific features, tailored to the unique needs of projects.
Ardor is a blockchain platform designed to be both flexible and scalable. Ardor operates through a combination of innovative technologies and mechanisms:
1. Parent-Child Architecture
Ardor’s architecture is one of its most innovative aspects, using a main (parent) chain and multiple child chains.
Parent Chain (Ardor): Ardor’s main chain is responsible for network security and transaction validation. It uses the Proof-of-Stake (PoS) consensus mechanism to ensure the integrity and security of the entire network.
Child Chains: Child chains are subchains of the parent chain, each of which can be customized for specific applications. They benefit from the security of the parent chain but operate autonomously for transactions and functionality.
2. Consensus Mechanism – Proof-of-Stake (PoS)
Ardor uses Proof-of-Stake (PoS) to validate transactions and secure the network.
Validation by Token Holders: Ardor token holders can participate in the validation process by locking up a portion of their tokens (staking). This allows new blocks to be created and transactions to be validated, receiving rewards in return.
Energy Efficiency: PoS is much more energy efficient than Proof-of-Work (PoW) mechanisms, as it does not require powerful computational capabilities to solve cryptographic problems.
3. Bundling Transactions
Bundlers: Bundlers are network participants that bundle transactions from child chains and include them in the parent chain. They pay transaction fees in Ardor (ARDR) and can charge users of child chains in their native tokens.
4. Asset and Data Management
Ardor enables efficient management of digital assets and data.
Asset Creation: Users can create and manage digital assets on child chains. These assets can be tokens, stocks, or other forms of digital value.
Data Management: Child chains can store and manage sensitive information, such as identity data or documents, while ensuring their security and confidentiality.
6. Interoperability
Ardor enables interoperability between child chains, facilitating value and data transfers.
Asset Transfers: Assets can be transferred between different child chains, allowing for seamless interaction between various applications.
Ardor has a rich and diverse ecosystem, which contributes to its significant impact in the blockchain world.
Ardor Ecosystem
In this ecosystem, several key elements interact to create a dynamic and versatile blockchain environment.
Child Chains
Child chains are subchains of the Ardor parent chain, each of which can be customized for specific applications. Some of the most notable child chains include:
Ignis: Ardor’s first child chain, which offers a full range of out-of-the-box features such as asset management, messaging, and decentralized marketplaces.
AEUR: A euro-backed child chain, allowing transactions in euros while using the security of the Ardor parent chain.
Applications and Projects
Many projects and applications have been developed on Ardor, taking advantage of its unique features:
Triffic: An augmented reality application that rewards users with tokens for their travels.
Max Property Group: A property management platform using Ardor to manage real estate assets and transactions.
Community and Developers
Ardor has an active community of developers and users. Jelurida, the company behind Ardor, actively supports community development with tools, resources, and grants.
Strategic Partnerships
Ardor has established several strategic partnerships with companies and organizations to expand its adoption and use across various industries.
Impact of Ardor
Ardor’s impact is evident in several aspects, including technological innovation, industrial adoption, and environmental benefits.
Technological Innovation
Ardor has introduced several innovations in the blockchain space:
Parent-Child Architecture: Allows for increased scalability and flexibility by separating security and functionality from transactions.
Bundling Transactions: Reduces transaction costs and improves network efficiency.
Lightweight Smart Contracts: Simplify development and reduce the risk of vulnerabilities.
Industry Adoption
Many industries are adopting Ardor for various applications, leveraging its features:
Decentralized Finance (DeFi): Ardor is used to build decentralized financial applications, including lending and borrowing platforms.
Supply Chain Management: Used for traceability and transparency in supply chains.
Decentralized Gaming: Using NFTs and blockchain technology to create innovative gaming ecosystems.
Environmental Benefits
Ardor uses a Proof-of-Stake (PoS) consensus mechanism, which is much more energy-efficient than the Proof-of-Work (PoW) mechanisms used by blockchains like Bitcoin. This reduces the carbon footprint of the network and makes it a more sustainable option.
Security and Transparency
With its parent chain providing security, Ardor offers a high level of protection against attacks. Additionally, the transparency inherent in blockchain builds trust among users and businesses.
Ardor’s tokenomics is a core part of its ecosystem. It describes how tokens are created, distributed, and used within the platform.
Here is a table with the main characteristics of Ardor’s tokenomics:
Aspect Description
ARDR Tokens (Ardor): Native token of the parent chain. Used to secure the network and pay transaction fees.
IGNIS: Native token of the Ignis child chain. Used for specific transactions and features.
ARDR Creation and Distribution: Initial ICO with distribution to NXT holders. Generated by the staking process.
IGNIS: Airdrop to NXT holders. Used to pay transaction fees on the Ignis chain.
Token Usage Transaction Fees: ARDR for the parent chain. IGNIS for the Ignis child chain. Staking and Network Security: ARDR used for staking and securing the network.
Specific Features: IGNIS for asset creation and management, messaging, and decentralized marketplaces.
Reward Model Staking Rewards: ARDR rewards for staking participants proportional to the amount of tokens staked.
Cost Reduction: Bundling reduces transaction fees.
Economics and Inflation Inflation Rate: Controlled by the staking process with limited emissions. Sustainable Economics: PoS model that avoids the high energy costs associated with PoW.
Ardor tokenomics is designed to support a scalable and secure blockchain ecosystem. ARDR and IGNIS tokens play complementary roles in the network, with well-defined distribution and usage mechanisms to encourage active participation and secure the network. The rewards model through staking, combined with the reduction in transaction costs through bundling, creates a robust and sustainable economy for Ardor.
Ardor works with several partners and projects to develop and promote its ecosystem. Here are some of its notable partners:
Jelurida: Jelurida is the company that develops Ardor and its predecessor NXT. They are the core developers and maintainers of the Ardor network.
Ignis: Ignis is the first child chain on the Ardor platform, offering advanced smart contract and tokenization features.
Bitswift: Bitswift is a technology company that has integrated Ardor technology into its solutions.
Triffic: Triffic is an augmented reality application that uses the Ardor blockchain to reward users with GPS tokens.
Dominium: Dominium uses the Ardor blockchain for real estate investment management and property tokenization.
Coalculus: Coalculus is a B2B blockchain platform that uses Ardor as the foundation for its fintech services.
These partners demonstrate the diversity of use cases for the Ardor blockchain, ranging from property management to augmented reality and fintech solutions.
Ardor continues to evolve with new features and improvements planned. Jelurida’s roadmap includes developments to improve the platform’s interoperability, security, and scalability.
Some of the highlights include:
Technology improvements: Ardor is constantly developing to improve its blockchain features. This includes regular protocol updates to optimize security, scalability, and transaction efficiency.
Increased adoption: Ardor seeks to increase its adoption by attracting new users, developers, and enterprises. This could result in new strategic partnerships and diversified use cases.
Ecosystem development: Ardor encourages the development of a vibrant ecosystem around its platform. This includes supporting third-party developers to build decentralized applications (dApps) and projects that utilize Ardor’s blockchain features.
Integration of new technologies: Like other blockchains, Ardor is exploring the integration of new technologies such as improved smart contracts, interoperability with other blockchains, and the integration of scalability solutions.
Focus on sustainability and energy efficiency: Ardor also positions itself as an environmentally friendly blockchain, with a focus on energy efficiency compared to other more energy-intensive blockchains such as Bitcoin.
Education and awareness: Ardor continues to educate and raise awareness about the benefits of its blockchain technology, participating in events, conferences, and publishing information about its advancements and use cases.
To buy or sell Ardor (ARDR), you can follow these general steps:
Cryptocurrency Exchanges
Choose an Exchange: Select a reputable cryptocurrency exchange that supports Ardor. Some popular exchanges include:
Binance
Bittrex
Upbit
Huobi Global
Create an Account: Sign up with your chosen exchange by providing the necessary information and completing the verification process, if applicable.
Deposit Funds: Deposit funds into your account on the exchange. You can typically deposit cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) that you will then exchange for Ardor, or you can sometimes deposit fiat currencies (USD, EUR, etc.) if the exchange allows it.
Buy Ardor: Once your account is funded, search for Ardor (ARDR) on the exchange and place a buy order based on the current market price and the quantity you want to buy.
Wallets
After purchasing Ardor on an exchange, it is recommended to transfer your funds to a secure wallet, such as the official Ardor wallet or a hardware wallet, for better security.
Key Takeaways
Make sure to choose a reputable exchange with a good reputation for security.
Protect your accounts with proper security measures, such as two-factor authentication (2FA).
Always check the exchange fees and withdrawal fees on the exchange you are using.
To make the information more readable, the opinions, both negative and positive, on Ardor (ARDR) are compiled in this table:
Ardor (ARDR) Opinions Strengths Weaknesses Outlook
Advanced technology Innovative parent-child architecture (child chains) Less visibility compared to large cryptos Potential to attract dApps and diverse projects
Enhanced security thanks to the PoS consensus model Still limited adoption compared to others Continuous growth of the ecosystem and use cases
Scalability Effective solutions for scalability Need more adoption to validate scalability Continuous improvements to support more transactions
Environmental sustainability Low energy consumption compared to others Limited public awareness of Ardor Growing interest in sustainable blockchains
Partnerships and integrations Collaboration with various projects (e.g. Ignis, Dominium) Need for stronger strategic partnerships Potential expansion thanks to new partnerships
Community and support Active and engaged Need more awareness and education Continued development of community and support
Historical performance Stable with typical crypto market variations Volatility and risks associated with investments Dependent on the performance of the overall crypto market
Subscribe to our newsletter to receive all the crypto news directly in your inbox
Shaquille O’Neal, former NBA champion and iconic figure in American sports, has just reached an $11 million settlement in a legal dispute involving his NFT... Lire +
Altcoins could experience one last rally before the end of the year, according to market analysts, who point to increased network activity as a key... Lire +
The rise of Layer 2 solutions may be diverting institutional investors’ interest from Ethereum. Some venture capital experts believe that investing in Ethereum is becoming... Lire +
MegaETH, a high-throughput scaling project for Ethereum, launched its public testnet, achieving an impressive 20,000 transactions per second (TPS) on day one. This launch marks... Lire +
A prominent researcher in the Ethereum ecosystem has presented an alternative proposal to improve the blockchain’s block structure. The proposal, which aims to be a... Lire +
Ben Zhou, CEO of Bybit, a leading cryptocurrency exchange, recently sparked a heated debate within the Ethereum community by discussing the possibility of a blockchain... Lire +
The world of cryptocurrencies is constantly evolving, and the recent developments involving Trump World Liberty and their acquisition of Ethereum (ETH) have sparked keen interest.... Lire +
Thorchain Crypto Sheet (RUNE) Creation date : 2009 Whitepaper: bitcoin.org/bitcoin.pdf Site : bitcoin.org/fr Consensus : Proof of Work Block Explorer : etherscan.io Code : github.com/bitcoin... Lire +
The year 2024 is shaping up to be a turning point for the non-fungible token (NFT) market, with forecasts indicating it could be the most... Lire +
Sotheby’s, the famous auction house, recently made waves by partnering with NBA Top Shot to offer an auction dedicated to NFTs (non-fungible tokens) related to... Lire +
Shaquille O’Neal, former NBA champion and iconic figure in American sports, has just reached an $11 million settlement in a legal dispute involving his NFT... Lire +
Altcoins could experience one last rally before the end of the year, according to market analysts, who point to increased network activity as a key... Lire +
The rise of Layer 2 solutions may be diverting institutional investors’ interest from Ethereum. Some venture capital experts believe that investing in Ethereum is becoming... Lire +
MegaETH, a high-throughput scaling project for Ethereum, launched its public testnet, achieving an impressive 20,000 transactions per second (TPS) on day one. This launch marks... Lire +
A prominent researcher in the Ethereum ecosystem has presented an alternative proposal to improve the blockchain’s block structure. The proposal, which aims to be a... Lire +
Ben Zhou, CEO of Bybit, a leading cryptocurrency exchange, recently sparked a heated debate within the Ethereum community by discussing the possibility of a blockchain... Lire +
The world of cryptocurrencies is constantly evolving, and the recent developments involving Trump World Liberty and their acquisition of Ethereum (ETH) have sparked keen interest.... Lire +
Thorchain Crypto Sheet (RUNE) Creation date : 2009 Whitepaper: bitcoin.org/bitcoin.pdf Site : bitcoin.org/fr Consensus : Proof of Work Block Explorer : etherscan.io Code : github.com/bitcoin... Lire +
The year 2024 is shaping up to be a turning point for the non-fungible token (NFT) market, with forecasts indicating it could be the most... Lire +
Sotheby’s, the famous auction house, recently made waves by partnering with NBA Top Shot to offer an auction dedicated to NFTs (non-fungible tokens) related to... Lire +
A platform for exchanging and purchasing cryptocurrencies (crypto-exchange). You can buy via bank transfer, credit card, some others offer
At a physical exchange office or automatic teller machine (ATM)
On an online marketplace like LocalBitcoins
Via an ad site then make a physical exchange.
What is important to understand about affiliate links is that this page presents assets, products or services related to investments. Some of the links included in this article are affiliate links, which means that if you make a purchase or register on a site from this article, our partner pays us a commission. This approach allows us to continue to create original and useful content for you. It is important to note that there is no impact on you as a user, and you may even benefit from a bonus by using our links.
It is crucial to recognize that investing in cryptocurrencies involves risks. Coinaute.com takes no responsibility for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss arising from the use of a good or service mentioned in this article. Investments in crypto-assets are inherently risky, and readers are advised to conduct their own research before taking any action, investing only within the limits of their financial capabilities. It is essential to understand that this article does not constitute investment advice.
It is also relevant to follow the recommendations of the AMF. No high return is guaranteed, and a product with a high return potential also carries a high risk. It is imperative that the risk-taking is consistent with your project, your investment horizon and your ability to bear a possible loss of capital. It is strongly advised not to invest if you are not prepared to assume the possibility of losing all or part of your capital.
Recevez toutes les dernières news sur les cryptomonnaies directement dans votre boîte mail !
Recevez toutes les actualités sur les crypto-monnaies en direct sur votre messagerie !