Review on Ardor by Kehinde Oluwakemi
Review On Ardor
Ardor is an open source Cryptocurrency Platform created in order to solve many problem encounter industries. Is a multichain Blockchain with a parent-child chain architecture that was designed to be flexible, scalable and Secured which open door for the mainstream adoption
Ardor is based on Nxt technology, it work on proof of stake (POS) consensus algorithm. It offers blockchain as a service to both individual and organizations in the sense that it help both individuals and companies to create Blockchain whereby the created blockchain will be called child chain and Ardor blockchain will be the parent chain. The Security of the whole Platform is provided by Ardor blockchain while the interoperable child chain inherit all the functionality
Ardor is Available on windows, Max, Linux and Android Platform show that it is easy to access It has many active social media platforms part of transparency
Updated 4 years ago
Rating has not been changed
Another thing about Ardor as a parent blockchain that is responsible for the security and transactions of child chain is that it allow all the child chains to own their native tokens that will be used as a unit of value and for paying transaction fees and other assign features. I like the fact that Ardor has a BUNDLING SYSTEM that process all transaction of child chain on the parent blockchain and allow application owners to sponsor transaction fees for their users. Apart from being 100% proof-of-stake consensus algorithm as mentioned in my review the token is also use for FORGING i.e to generate new blocks and network consensus whereas ARDR forgers receive the transaction fees from the blocks forged and no new ARDR will be created
Presently ARDR coin price is $0•1287 in case you want to buy, it was listening on 15 popular exchange like Binance, Upbit, Changelly Pro, Huobi Global, Bittex, Wazirx, OKEx, Proloniex and others. If you are interested in knowing the teams behind Ardor project, their informations are available on the website and they can be reach through email for enquiry about Ardor technology, while public forum is available if you need technical support with their products and you can also connect with them on social media like Telegram, Twitter, Reddit, Discord and others. Finally, Ardor project has a lot of use case and it is recommendable
Pros
- It use proof of stake POS machine
- It has good Trading volume as a developing crypto Platform
- It has multichain server that allow child chain Platform to perform a secure transaction
- It has many active social media
- It offer service for both private and public sectors
- It's flexible, scalable and Secured
Cons
- Ardor is not popularly know by the community
- It coin has low price in the crypto market
