Ardor

#53
Price: $0.1133103011
Change(24h):
-1.64%
Volume(24h): $1,050,924
Market Cap: $113,196,934
Ardor is a blockchain-as-a-service (BaaS) platform focused on businesses. Based on the NXT technology, its unique parent-child chain architecture allows companies to build their products and services using child chains while relying on the security provided by the parent chain. Barcelona-based Jelurida B.V. is the company behind the development of the crypto startup. Jelurida was found in 2015 by Kristina Kalcheva and Lior Yaffe. ARDR is a non-minable token. Total coin supply is 999 million units with all of them currently circulating. Ardor competes with Microsoft's Azure as they both offer similar services.

Category:

Minable: No

Coin Prefix: ARDR

Type: Token

Websites:

Latest Hight: $0.48

Ardor Markets

# Source: Pair: Price:
1
HitBTC
ARDR/BTC
$0.113756697566987
2
Bittrex
ARDR/BTC
$0.113407154966064
3
Poloniex
ARDR/BTC
$0.114054456078884

Ardor - a multi-blockchain platform

 
  • Launched: July 23, 2016
  • Total supply: 999 million (100% circulating)
 

Ardor - a door to the blockchain

Ardor is a multi-blockchain platform (evolved from the Nxt open-source cryptocurrency and payment network) with a unique architecture that separates the network processing and security chain, known as the Artur parent chain, from the transactional chains. These transactional chains, known as child chains, have their own coins for all transactions and thus don't require their users to have parent chain coins. Being built on Nxt technology, each child chain is pre-fitted with the features found on the Nxt Blockchain such as the ability to issue assets, trade them on an asset exchange, run private polls and set conditional transactions. (Microsoft provides similar services, probably being Ardor’s biggest competitor presently)

 

Ardor’s price development

Ardor started trading on July 23, 2016 at a price of USD 0.03. The first six months were not great for the cryptocurrency as it depreciated some 70% to around USD 0.01 by the end of 2016. Time has passed and the token regained some ground. Around its first birthday, the digital currency was trading at about USD 0.22, or over 2200% up since the start of 2017 and up 550% on the year. From there, Ardor's price rocketed to around USD 1.80 by end-2017, closing the year with over 16 000% in gains. The all-time high for the cryptocurrency came a few weeks later in 2018 at USD 2.55, reached on January 16, up 8000% since launch. In mid-February, the currency traded slightly above USD 0.50 with a market cap of over half a billion dollars.

 

Ardor’s core

Ardor’s network, launched in the fourth quarter of 2017, possesses three distinctive qualities: reduces Blockchain bloat, provides multiple transactional tokens and hosts ready-to-use interconnected Blockchains. Inside the platform, all transactions are processed and secured by the parent chain. This is achieved through a bundling system where accounts can be set to collect transaction fees and child chain coins while paying the transaction fees to the parent chain in its own coin. This makes it possible for the different chains to interact with each other, sending and receiving coins or assets from different child chains. The cryptocurrency also eliminates the scalability issue known to almost every digital currency – the Blockchain bloat problem. (This refers to the growing public-ledger size as it gets used over and over again, making it more resource intensive to run a full node to support the Blockchain network as well as to join it.) Ardor solves this by implementing a full node pruning where transactional data on child chains are regularly removed from the full nodes after a snapshot is taken up at the most recent state. This reduces the blockchain size without affecting balances, ongoing transactions on each chain and the security of the platform.

 

Ardor supports other cryptocurrencies

Ardor's platform, with its blockchain architecture that has plenty of fundamental advantages in comparison with other cryptocurrencies, has contributed a lot to the development of cryptocurrencies as a whole. Despite the fact that it peers with Microsoft (although competition in this space can only be considered a good thing), it's understandable that the venture aims to be one of the top choices for companies and organizations to address their blockchain needs.