Review on Ardor by phuong cong
Blockchain service solution provided by the Ardor project
Project overview Ardor is the project that provides a service in the form of a BaaS service. They will provide Blockchain services to businesses and organizations to take advantage of blockchain technology without having to invest in developing custom blockchain solutions. They will provide a secure and decentralized blockchain and sub-chains that can be used.
The purpose of the Ardor team is to create with scalability and solve many existing problems in the industry such as blockchain proliferation, dependence on single tokens and the need for possible blockchain solutions. Easy to customize but still compatible.
The ecosystem that Ardor created includes the open source project Nxt and its first chain Ignis.
The company behind Ardor is Jelurida. It is a Swiss company that brings together experienced blockchain programmers.
They have expanded globally with the aim of helping startups in the Blockchain sector.
ARDR is the project's utility token, it is listed on many popular exchanges and is currently traded at $ 0.053 USD.
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Pros
- Ardor uses a POS consensus mechanism that allows the platform to save energy, reduce environmental impact
- The project's standout mechanism is that it allows the creation of separate customizable child chains
- Solving scalability, transaction speed, easy elimination of redundant child chains
- Child-chain ecosystems can interact with each other and be traded on a decentralized platform
- It already has products with the Nxt project and the Ignis child-chain
- The experienced team comes from Jelurida
Cons
- Currently there are many other development platforms that bring stiff competition for Ardor. The team has a lot of work to do if they want to lead
- The token price is trading at a low relative to the project's potential
