What is Ardor (ARDR)?
Ardor is the latest contender in the growing field of blockchain-as-a-service (BaaS) providers. Ardor enables businesses and institutions to leverage on its powerful blockchain infrastructure without having to develop custom blockchain solutions. It offers a chain dedicated to security and decentralization. Its customizable child chains come ready to use out of the box for various business applications.
The Ardor blockchain is based on NXT — an open-source blockchain project founded by the same development team that founded Ardor. This blockchain is an all-in-one blockchain suite that supports out of the box development. It goes beyond NXT to solve blockchain issues such as bloating, scalability, and customization.
There’s a whole world of possibilities with Ardor when you consider that each blockchain is working together to replace the internet as we know it. Software is getting a rebuild from the ground up and blockchains today helping with everything from tracking software licenses to security, and storage of data in the cloud.
The Ardor project has the potential to drive blockchain as a service to new levels of accessibility and usability. How successful it becomes depends on the level of traction the development team can generate for early applications. While NXT struggled to gain the kind of massive adoption the developers hoped for, Ardor is a turning point that is capable of bigger things.
Ardor Coin (ARDR)
The Ardor coin is designated as ARDR and is based on the NXT platform. The coin promises high returns and more advanced capabilities than its competitors. It is built in such a way that user blockchains are connected to the parent chain, where all transactions are transferred. This solution speeds up information processing, providing almost unlimited scalability.
The ARDR token value has mostly followed the same pattern as Bitcoin and other cryptocurrencies. In January 2018, it witnessed a huge spike, that gradually tapered downwards through the year to the end. This spike might have been as a result of the mainnet launch which took place in January.
In May 2018, it witnessed another small increase in price. A few events are believed to have caused this peak. One is that two ICOs were announced on the platform, and a Chinese language version was launched on its website that opened up ARDR to a new base of investors in China.
Currently, about 1 billion ARDR coins are in circulation. Due to Ardor’s use of Proof of Stake over Proof of Work, there will not be any new coins issued. There are many advantages with Proof of Stake but also disadvantages as well.
Ardor will be Listing on Atomars
Ardor (ARDR) has announced that it will be listing on Atomars on November 6th with the trading pairs ARDR/BTC and ARDR/ETH.
Atomars is a new digital assets trading platform on the cryptocurrency marketplace that is currently bridging the gap between fiat and cryptocurrencies. The Atomars platform is a fast, safe, secure and user-friendly platform that seeks to make trading easy for everyone. You can find any of the major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, DASH, USDT and more on the platform. Their web and mobile apps make it easy and fun trading on the go.