Review on Ardor by Inioluwa Okedeji
Ardor is a blockchain project that creates smaller blockchains in other to decentralize tasks and functions leading to increased efficiency and productivity.
Ardor is a multichain blockchain platform that was designed and developed by the Jelurida company to help create smaller blockchains that help in building products and services essential for growth and success of companies. These smaller blockchains are referred to as Child-chains and an example is IGNIS. Ardor platform allows both the Child-chain and Main-chain to exhibit some similar functions such as trading and voting while other functions are diversified.
Jelurida, the developer of Ardor project aims to develop other open source blockchain platforms like their first project the NXT project. Ardor is expected to be the upgraded and updated version of the NXT project, the NXT 2.0 for it is based on NXT technology. And with the success of the NXT project, I see the Ardor project becoming a successful one.
With the existence of both the Main-chain and Child-chain on the Ardor platform, functions and tasks are diversified. With the security of the platform solely provided by the Main-chain, while other services as regards to productions are performed by the Child-chains.
Decentralization is not a new word nor is it a rare occurrence in the world of cryptocurrency, in fact decentralization is what cryptocurrency is all about and the Ardor project is not left behind in this aspect because it is a decentralized project and control is not centered in one place but decentralized.
ARDR coin which is the native digital currency of the Ardor platform currently ranks 132nd on coinmarketcap. It has a circulating supply of 998,999,495 ARDR and a maximum supply 998,999,495 ARDR the same amount as its circulating supply. As at the time of this review, ARDR is priced at $0.047355 USD. ARDR is listed for trading on popular cryptocurrency exchanges such as the Binance, Okex, Huobi Global and other exchanges alike.
Ardor platform operates completely on the proof-of-stake algorithm. This feature ensures that Ardor is not solely dependent on hardwares and also makes its energy efficiency indisputably high.
The Ardor project has provided a road map that will guide the development of the project and also allow the public to have a clue into what the project has accomplished and what it still aims to accomplish. So far, I can say that the project is on its way to stardom since it is fulfilling everything on its road map.
Updated 3 years ago
Rating has not been changed
Since my last review, the Ardor project has seen a lot of upgrade and development, in an effort to creating smaller blockchains that ensures the decentralization of tasks and increased efficiency, which is the purpose of this project.
Some of these upgrades are the completion of the various blockchain, from the parent-chain to the child-chains, and each of these blockchains can be accessed via the Jelurida platform. Logging into these blockchains can be done through 4 different options; seeds, passphrase, hardware and account, and of course this is after one must have successfully completed the user registration process.
For users who might have difficulty in making use of these blockchains, a simple information tour is available to put one through on the intricacies of the Ardor blockchain, from the different types of login options to how seeds and passphrases can be secured.
The following are the list of the available chains on the Ardor project;
ARDR: The Parent Chain
IGNIS: Independent Chain
AEUR: Euro Pegged Chain
BITS: Bitswift Blockchain
MPG: Max Property Group Chain
GPS: GPS Token Network
And all these chains have their singular specific functions, a realization of the creation of child-chains for the decentralization of tasks.
Now, I made mention of 4 languages in my last review, but as of today, the platform supports a total of 15 different languages (some of which are German, Spanish, Korean, Italian, Russian, Portuguese), which will make it possible for users from around the world to have easy access to the platform without any language barrier.
Not forgetting the Ardor wallet for the storage of digital currencies, another amazing addition to the Ardor project and its decentralized services.
The projects' popularity is still pretty much low, even though it has gained increase since my last review, I doubt that a lot of people in the cryptospace know about the Ardor project.
Ardor is also supported on different mobile devices, such as Windows, Linux, iOS and Android devices, and can be downloaded from the official domain website, providing a much more easier access to the project and their available blockchains.
The ARDR token isn't doing bad in the cryptocurrency market either, currently valued at $0.13, it has gained a significant increase in value since my last review and I can definitely attribute this to the development of this project. ARDR is indeed a token to keep an eye out for, with a powerful, significant use-case, backed up by strong projects and still to be utilized in many more upcoming child-chain development, ARDR has the potential for a much greater increase in value.
My rating of the Ardor project remains unchanged, and even with the few developments I've mentioned above, the Ardor is still a developing project, and one that still has much to offer the cryptospace. My belief in this project and why i strongly recommend an investment in the ARDR token stems from the fact that, till date I don't think I've ever heard of, nor encounter any other project with a Parent-chain and Child-chain innovation, and even if there are, they're definitely not as prominent as the Ardor project. Hence, the existence of the child-chains makes very easy for different projects and companies to integrate with the Ardor project via child-chains, and the purpose of which is the decentralization of tasks to ensure increased productivity and efficiency, and these are essential factors that influences the growth of industries and corporations.
Pros
- Ardor project has high scalability.
- The project operates on a proof-of-stake algorithm.
- The platform is present on major social media platforms, allowing the public to keep track of the project.
- Ardor's road map is also made public, allowing the public to know more about the project
- In terms of language on the Ardor platform, the platform is diverse in English, Korean, Spanish and Chinese languages.
Cons
- The only thing I can say in this aspect is that the project has yet to gain popularity.
