1 Level
5 Review
2 Karma
Review on Ardor by Przemek Czajkowski
Ardor coin Best POS concept
Ardor coin consists of forgers and bundlers. Forgers validate new nodes on the forging chain while bundlers merge multiple child chains into a ChildChainBlock transaction that is stored on the parent chain.
Consider the child chains to be in Bitcoins, then Bitcoin child chains would be bundled by the Bitcoin bundler. Similarly, the child chains having IGNIS will be bundled into one transaction by the Ignis bundler. The forging chain then carries out the forging of all new nodes on it using ARDR.
Pros
- Ardor is proof of stake network where validation and forging of new blocks are carried out by nodes with higher stakes. As discussed earlier, this means that lesser fraudulent transactions are added, and lesser computational power is needed.
- Removes blockchain bloat. Only relevant child chains are kept on the network. Therefore, not all transactions need to be downloaded and processed while forging new nodes.
- Ardor is known to be highly secure. The parent chain is responsible for security and the entire network is functional and secure.
- Ardor is a Blockchain as a service platform, and very few such services exist. This means that there is a certain degree of uniqueness to it.
Cons
- Ardor coin is not backed up by any known large organizations or groups. There is no support by any organization given to Ardor.
- The technology is still new, and support is relatively low. It is unlikely that it will see drastic growth.
- The credibility of the developers is unknown.
