Ardor (ARDR) Price

Ardor is a multichain blockchain system that employs a unique parent-child chain configuration. The parent Ardor chain secures the entire network, while the interconnected child chains provide a wide range of capabilities. This appealing architecture, as well as the availability of hybrid user-permission characteristics, are important to the flexibility needed for varied use cases.

Ardor enables the widespread adoption of blockchain technology. Not only that, but Ardor was built with scalability in mind, solving current industry challenges, including blockchain congestion, single currency reliance, and the use of easily configurable blockchain solutions.

Public agencies, corporations, consortiums, research institutions, and financial service providers are among Ardor's target clients.

The Ardor (ARDR) cryptocurrency, a proof-of-stake (PoS) token with a total quantity of one billion, is at the heart of this ostensibly unique blockchain ecosystem. 

Ardor Features and Updates

Ardor has one parent chain and several child chains. The ARDR token is the pos token used in proof-of-stake consensus, providing security for all child chains. Tokens in the child chains are utilized as transactional units of value.

Child chains provide Asset Exchange, Monetary systems, Aliases, Messaging, Digital Goods, Stores, Voting Systems, Shuffling, Data, Cloud, Phasing, Account Control, and Account Properties, with the possibility to block specific functionalities.

Accounts are global across all child chains, and an account can hold balances in all existing child chain coins as well as Ardor.

Assets and MS currencies can be created on any child chain and traded internationally. Assets or MS currencies can be restricted if desired. Asset distributions are payable in any of the child chain currencies.

Coin Exchange enables the exchange of child chain coins with each other as well as with the parent chain coin (ARDR).

A transaction type is used to carry out corporate actions such as stock splits or capital increases.

Crowdfunding and pruning are features that are available on all kid chains.

As transaction identifiers, 256-bit transaction hashes (sha256 digests) are used instead.

Bundling is a novel technique that groups child chain transactions into a parent chain transaction ("child chain block") that is then included in the parent chain.

In a composite voting model, the new "Smart Phasing" feature allows the requirements for the execution of a phased transaction to be coupled using AND, OR, and NOT Boolean operators.

While the Ardor platform allows for the creation of several child chains with identical features, only the Ignis child chain will be generated with no constraints. 

Ardor Team

Jelurida Swiss SA, which was created in 2016, is developing Ardor. The company began improving the Nxt blockchain system and developed Ardor to provide a platform for facilitated and accelerated transactions.