Review on Ardor by Murat Mircalı
Review on Ardor
Ardor is the latest of the growing contenders for blockchain as a service (BaaS) providers. It provides the blockchain infrastructure for businesses and institutions to harness the strengths of blockchain technology without having to invest in developing custom blockchain solutions. Instead, Ardor offers a main chain that addresses blockchain security and decentralization. Provides ready-to-use, customizable children's chains for a variety of business applications.
Ardor is doing some very important work by considering new ways to configure blockchain infrastructure and security. If done correctly, the result can be a solution that any business can implement. It does not require extensive technical expertise or constant maintenance.
However, there are now numerous other development platforms that provide tight competition for the Ardor. The team has a lot of work to do if they're going to stay ahead of the curve.
Ultimately, the next year or two will prove the most critical time for Ardor. If the project can prove to be a viable development platform for several critical projects, it can prove to be a good long-term investment.
Ardor's developers are the same company behind the open source Nxt project. Ardor goes beyond Nxt to solve critical problems of blockchain inflation, scalability, and customization.
While the project has the potential to use blockchain as a service to new levels of usability and accessibility, its success likely depends on the amount of traction the development team can generate for early implementations. Apart from some notable instances like BNP Paribas and Accenture, Nxt struggled to achieve the widespread acceptance the developers had hoped for, and Ardor offers the development team a milestone to excite.
Nxt was designed for testing and the purpose is to allow companies and other organizations to implement their own blockchain solutions using the API, create new coins on top of the Nxt blockchain, and even copy / edit Nxt source code.
Pros
- They are considering new ways to configure their infrastructure and security
- good long-term investment
- The project offers blockchain a service to new levels of usability and accessibility
- project-related operations are done very quickly
- It has its own "local" token to be used for transactions. Participants of these chains do not need to have the balance of the money loop ARDR
- Centralized voting and management system.
Cons
- Couldn't get incentive to buy too many coins
- The project needs to advertise and develop a little more
