Review on Ardor by Robiul Islam
Advanced Blockchain Technology Scalable. Secure. Proven.
They are not receipt so much attention, the team is doing immensely significant work in creating new ways to leverage blockchain infrastructure to solve issues of safety, speed, scalability and bloat. If their plans work as expected the platform could result in a solution that allows any size business to take advantage of blockchain technology.
Updated 5 years ago
Rating changed from 3 to 4
The unique parent child chain architecture of the Ardor Platform allow companies to build their products and services using child chains while relying on the security provided by the parent chain.
The Ardor Platform uses the Proof-of-Stake consensus algorithm (100% PoS) which eliminates mining competition, therefore nodes can use low energy and economical hardware.
Child chain transactions can be removed from the blockchain once they are confirmed, to keep the actual blockchain lightweight and efficient.
Updated 3 years ago
Rating changed from 3 to 4
In this update, I'll explain Ardor's initial and current scenario with some facts.
It is a one-of-a-kind cryptocurrency that overcomes the most common concerns with existing cryptocurrencies in a unique approach. The foundation layer of the parent chain executes all transactions and mining. It has a child chain that includes all the important business technologies, as does the parent chain. This leads to a system in which the value system of each child chain is utilized to pay transaction fees of the parent chain.
It is an excellent option for decentralized apps. Ardor was designed to be very scalable. It intends to highlight industry issues such as the limits of easily customizable blockchain systems. Businesses, entrepreneurs, and institutions can use Ardor technology in their operations.
A consensus mechanism for POS was put in place by NXT in 2013. Ardor is developed using NXT software. In addition to the NXT network, the NXT aimed to deploy the business and other organization's own blockchain solutions and to generate additional coins.
Analysis and prediction.
Today's high is 15 cents, today's low was 12 cents, it's an overall daily change of 9%, the 1 month high is 24 cents, and the 1 month low is 8 cents in total now. As you very well know the price changed dramatically approximately 8 days ago, the price backed and it came to play, however, now it's completely lackluster strictly consolidation and we never truly know exactly what's going to happen next.
However, I think altcoin will start flying as soon as Bitcoin crosses the 40K level and the ARDR will go above at least 20 cents.
Pros
- Ardor’s features have made this platform a very powerful upgrade when compared with other blockchains.
- Decentralized polling for secure and anonymous voting.
- Transactions in the network are processed very quickly, it takes no more than 60 seconds.
- It is impossible not to note the available settings. Despite the fact that everything happens in manual mode, you should not have difficulties.
- Transaction fees will also be collected in tokens in the chain where the account was created.
- A high degree of safety due to a professional approach to solution of this problem by competent experts of the company Jelurida who has put his hand to the development of NXT.
- Each child chain Ardor has its own" native " token, which will be used for transactions. Participants of these chains do not need to have on the balance of the parent coin chain ARDR.
Cons
- Its value will depend entirely on the success of the platform.
- There is no big incentive for most people to buy the coin.
- The coin doesn’t distend, you can’t mine it normally and gain a passive income from it.
