Ardor Quick overview

Introduction

One of evolving public blockchain platforms, Ardor is using Nxt technology to develop child chains for individuals which can be deployed on Ardor platform.

Ignis will be the first child chain on this platform and will use Ardor as a service platform. It was first launched in the start of 2018 and continues development till now. It is featured with proof-of-stake consensus and parent-child architecture which ensures only one channel or security and multiple for transactions.

Influencers

Ardor has a perfect blend of expert from each necessary field. List is below:

• Kristina kalcheva – Managing Director, Co-Founder, Legal Expert  https://www.linkedin.com/in/kristina-kalcheva
• Lior Yaffe – Co-Founder  https://il.linkedin.com/in/lior-yaffe-61106b1
• Petko Petkov – Co-Founder, Core Developer  https://twitter.com/nicolasdorier
• Tomislav Gountchev  – Lead Software Architect  https://www.linkedin.com/in/gountchev/
• Valerii Makieienko  – Core Developer https://www.linkedin.com/in/valeriimakieienko/

Technology

Child Chains: Ardor uses child chains for transactions which improve overall transaction time to less than 60 seconds. On Ardor platform, each chain is child chain of main ardor chain where the main chain keeps the child chain secure and protected from outer threats and provides the safer environment to interact with other chains.

Advantages

• Faster than other traditional chains because of child chain transactions
• Proof of stake consensus makes it more secure and efficient
• More suitable solution for scalability and reliability issues
• Transactional child chains with possibility of creating own coins
• Sending transactions through different child chains
• Data cloud storage
• Scalability
• Anonymity and security
• Multisig
• Advanced payment options (deferred and conditional payments)
• Plugins for developers

Disadvantages

• Fake token creation by Nxt technology is a red flag
• The platform is still new and needs good marketing for big success

Whitepaper

Whitepaper document explains all over Ignis and Ardor platform along with the brief introduction of single chain platform Nxt and why it is required to first buy Nxt before using Ardor.

https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf

Real examples of use

It is a BaaS(blockchain-as-a-service) platform, which means it gives a canvas to creators of other blockchains. The core difference in Ardor and others is; it provides the parent-child architecture where Ardor itself is Parent of all other child chains. The first child chain “Ignis” is already in development which attracts more ICOs later.

Technical Analysis

For past couple of year, blockchain is becoming more bloated because of heavy traffic and large blocks. Whereas some of the blockchains require to be downloaded locally before using them which lead users to download terabytes of data. But with Ardor this problem is resolved; ardor platform takes this responsibility by deploying child chains with ready-made features and lesser to-do work.

Fundamental Analysis

Ardor is resolving a few major challenges of Nxt including the Native token, blockchain bloating and security. While providing these solutions it encourages a different niche of businesses to build up their own system with less effort and more stability.

Security

Ardor ensures the security of their platform by multiple child chains. It provides the most cost-effective security promising solutions for the whole platform. Security is highly enhanced as the main chain of Ardor holds all responsibilities of verifying and approving data for transactions. So, any attack on the individual chain will first have to pass through Ardor.