Review on Ardor by francis fernandez
Ardor: Blockchain Network as Tools for Businesses and Developers
Ardor is the name of the digital currency launched by the Jelurida company in July 2016, with the initials ARDR. It is part of the platform of the same name whose purpose is to serve as the main chain for the development of parallel block chains interconnected to the base chain, in such a way as to serve as a tool for users who wish to create blockchain projects taking this point of reference as a reference. departure.
In this sense, Ardor is based on a protocol infrastructure called parent-child chains (childchains) that allows companies to develop products and services using this technology; and taking advantage of the security guaranteed by the main chain.
What characteristics can we highlight of this blockchain?
* In addition to its childchains structure, Ardor allows savings in energy consumption, due to its Proof of Stake consensus protocol making the nodes use low-cost hardware.
* It is a blockchainBloat that manages to eliminate secondary commercial operations once validated, making the network more scalable.
* Ardor has an AEUR Exchange that allows the exchange of currencies between the daughter chains and its AEUR token can be used throughout the Ardor network with a 1: 1 equivalence with the Euro.
* The child chains acquire independence since they do not work in parallel with the main chain, contributing at the same time with the security of this one.
* The child chains do not affect the speed of the Ardor chain, since their processes are carried out externally and not in the Ador software itself.
* Use the POS consensus mechanism used to validate transactions and approve surveys.
* Ardor allows you to create smart transactions instead of contracts thanks to its 2.0 blockchain technology.
Pros
- It has one of the cheapest Exchangers on the market
- It allows companies to design their own digital currency based on their main Ardor chain.
- It offers the exchange of cryptocurrencies for a fiat currency such as the Euro that has a stable value.
Cons
- Ardor does not work basically as a payment instrument but as a tool to create decentralized applications
