Ardor (ARDR) Price
- Ardor(ARDR)$0.0716+0.0047(+7.0643%)02:23:21(GMT)|Real-Time Data, Currency in USD
- Open$0.0669Day's Range$0.0655- $0.0782
- Market Cap$71.60 MVolume$1.54 M
- Current Supply999.00 MARDRMax Supply1.00 BARDR
- Proof TypePoS
- Market Cap$71.60 M
- Current Supply999.00 MARDR
- Max Supply1.00 BARDR
- Day's Range$0.0655- $0.0782
Ardor is a cryptocurrency and blockchain powered by the proof-of-stake consensus network to serve as a service platform, evolving from the Nxt blockchain.
A parent-child architecture exists, where a single security change and multiple transactional chains exist, the structure offering 3 distinct advantages:
- Reduces blockchain bloating.
- Provides multiple transactional tokens.
- Hosts ready-to-use interconnected blockchains called child chains.
Business is able to set up their own chains without any need to code or secure the blockchain, with Ardor also having an inbuilt exchange to facilitate an exchange of your tokens with others including fiat pegged.
Lightweight smart contracts are available that don’t require the whole network for each dApps. The parent-child architecture allows companies to build their products and services using child chains while relying on the security of the parent chain.
Child chain transactions can then be removed from the parent blockchain once they are confirmed, keeping the parent blockchain lightweight and efficient.
Targeted industries include:
Public Organizations: Secure voting, identity verification, public notary.
Supply Chain: Parts tracking, design verification, logistics.
Cryptocurrency and Finance: While Label / token creation, pegged child chains, asset, and currency tokenisation, dividend payments.
The use of the proof-of-stake consensus algorithm is incorporated that eliminates mining competition and means that no new Ardor coins can be created. With the proof-of-stake algorithm, the balance of an account (its stake) at a given blockchain height determines, in a pseudo-random order, whether this account is eligible to generate (forge) the next block.
Ardor Coins can be earned when transaction fees are charged to companies using the network, collected on the child chain and then distributed to the parent chain.
The parent chain processes transactions across all of the child chains and stores all of the Ardor coins. Child chain transactions are reported to the parent chain using a process called “bundling”. Bundlers package multiple child transactions into a single ChildChainBlock transaction on the parent chain. The bundlers pay transaction fees on the parent blockchain in Ardor and receive transaction fees in the child chain coin. Transaction processing times are approximately 60 seconds
Ardor was launched on 1st January 2018 after one year on testnet, with a maximum supply of 998,999,495 Ardor ARDR tokens. Ardor was created by the team behind Nxt, with the projects owned by a private company Jelurida. Jelurida’s co-founders are Kristina Kalcheva, Lior Yaffe and Petko Petkov.
Some distinct differences and characteristics of the ARDOR Platform include:
- There is no mining for ARDOR tokens.
- Ardor is considered a blockchain as a service platform
- There are a finite number of ARDOR tokens.
- A unique parent-child blockchain structure is adopted.
Don't miss a thing!
- Moving AveragesBUY(18)
|Williams %R (14)||-100.00|
|Stochastic RSI (14)||-0.00|
|Ultimate oscillator (7,14,28)||38.2156|
|Stochastic Fast (14)||3.7924|