Ardor/ARDR#344 0

What is Ardor (ARDR)?

Ardor (ARDR) is a public, open-source, multi-chain blockchain platform developed by Jelurida Swiss SA, designed to solve core limitations in blockchain technology such as scalability, blockchain bloat, and single token dependency. Officially launched on January 1, 2018, Ardor introduces a parent-child chain architecture, where the parent chain (Ardor) maintains network security and consensus, while child chains offer customizable functionality tailored to different use cases.

Built entirely on a pure proof-of-stake (PoS) consensus mechanism, Ardor is energy-efficient, secure, and highly modular. It enables businesses, developers, and institutions to deploy decentralized applications (dApps) and blockchain solutions without requiring deep blockchain development knowledge.

Ardor operates using a parent-child chain system:

• Parent Chain (Ardor): This chain is responsible for securing the entire network. It handles block production and maintains the proof-of-stake consensus.
  
  
• Child Chains (e.g., Ignis, AEUR, Bitswift): These are independent, feature-rich blockchains connected to the parent chain. Each child chain can have its own native token, custom rules, and built-in applications such as asset exchanges, data storage, and voting systems.
  
  

Additional Core Mechanisms:

• Bundling: Child chain transactions are grouped and submitted to the parent chain by "bundlers," who pay transaction fees in ARDR.
  
  
• Forging: Network participants stake ARDR to validate and forge new blocks, securing the blockchain.
  

This system separates functionality from security, enabling high scalability and flexibility while maintaining strong security through the parent chain.

Key Features of Ardor

• Scalability: Ardor prunes excess child-chain data after validation to prevent blockchain bloat and ensure efficient network performance.
• Customizable Child Chains: Developers and businesses can launch child chains with unique features and native tokens using over 250 APIs.
• Interoperability: A built-in decentralized exchange allows seamless trading and token swaps between child chains and the ARDR token.
• Energy Efficiency: Ardor uses a 100% proof-of-stake consensus, significantly reducing energy consumption compared to proof-of-work blockchains.
• Smart Contracts and dApp Support: Supports Java-based smart contracts and dApps, enabling accessible development for a wide range of use cases.
  
  

Practical Applications of Ardor

• Enterprise Solutions: Suitable for use cases like supply chain, digital identity, and financial asset tracking with secure private child chains.
• Government and Public Sector: Used for applications such as e-voting, land records, digital identity issuance, and document authentication.
• Tokenization and Asset Management: Allows users to create and manage digital assets with customised rules and full control.
• Decentralized Applications (dApps): Enable the launch of scalable, censorship-resistant dApps with low infrastructure requirements.

What is ARDR Token? Are there other Secondary tokens used in ARDOR Crypto? 

1. Primary Token: ARDR

ARDR is the native token of the Ardor parent chain. It secures the network using a proof-of-stake consensus mechanism. ARDR is used by forgers to generate new blocks and by bundlers to pay for incorporating child chain transactions into the parent chain. It is not used for regular transactions.

2. Child Chain Tokens

Each child chain operates with its native token, used for transactions and decentralized applications within that specific chain.

• IGNIS: The first and most feature-rich child chain. Its token is used for messaging, voting, asset exchange, and smart contracts.
• BITS (Bitswift): Used for business solutions and digital asset systems.

Asset Tokens (Asset Exchange)

Users can create and trade custom asset tokens on child chains like Ignis. These can represent company shares, loyalty points, real estate, or any other real-world or digital asset. All asset tokens are tradable on the Ardor decentralized Asset Exchange.

4. Monetary System (MS) Currencies

The Monetary System allows users to issue custom currencies or community coins. These can be mintable or fixed-supply and are useful for local economies, gaming environments, or internal corporate currencies.

Where Can You Buy ARDR Token?

You can buy the ARDR token on major crypto exchanges such as Upbit, Binance, Bithumb, WEEX, and CoinEx. It is available in trading pairs like ARDR/USDT, ARDR/BTC, and ARDR/KRW. Upbit and Bithumb handle the majority of ARDR's trading volume globally.

Wallets that Support Storing ARDR coins? 

Several wallets support Ardor (ARDR) coins, including Ardor Wallet (read-only), Ardor Wallet app for desktop and mobile, Atomic Wallet, Freewallet, and Nifty Wallet. Each offers different features and security levels, so it's important to research their functionalities, fees, and control options to find the best wallet for managing ARDR coins.