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Ardor (ARDR)

#49

Ardor is a public blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. A child chain, which is a ‘light’ blockchain that can be customized to a certain extent, is designed to allow easy self-deploy for your own blockchain. Nxt claims that users will "not need to worry" about security, as that part is now handled by the main chain (Ardor).


Ardor (ARDR) Pros | 7

Both Ardor and Nxt offer convenient online wallets, including Android Freewallets. All technologies related to Nxt, Ardor and subsequently IGNIS will allow swaps between these tokens.

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Ardor uses a Proof-of-stake (PoS) consensus mechanism, which is way more efficient than proof-of-work (PoW)

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Ardor is also a platform well suited for running ICOs — anyone is able to create a new currency and issue an ICO in a few minutes, making it a more accessible alternative to Ethereum

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Solves scallabilty issues by introducing a new architecture, consisting of one main chain with several child chains (not to be confused with side chains) built on top.

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An advantage Ardor has over other Blockchain-as-a-Service platforms is that it lets users pay transaction fees in any child chain token, not just Ardor’s native token

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Ardor (ARDR) Cons | 2

storing and holding is a somehow technologically involved process. You require a Nxt wallet, and then wait around for the Ardor snapshot to move into a different holding structure.

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Jelurida itself warns that the Nxt system features allow for the creation of fake tokens. Talk of fake tokens is rather shocking since the general knowledge is that cryptocurrency cannot be forged.

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