Ardor is the main network-based platform (Blockchain-as-a-Service), which helps companies easily share the digital currency. In fact, this is the next generation after the Nxt platform, which in fact is the first product of Jelurida. This is one of the three basic options (BaaS) available right now, but there are many ways that it stands out.
What does the company/project do?
Ardor is the evolution of Nxt software that eliminates the problems of bloating, scalability and universality of blocks. Ardor is developed as a complete ecosystem where several players can interact with each other without leaving the platform.
Ardor solves the problem of storing and processing a large number of nonessential long-term data in the blockchain by dividing the security tokens from those used for regular transactions.
Like Nxt, Ardor will work as open source software. Ardor will also be available for commercial licensing.
Ardor is an ecosystem based on the blockchain that offers convenient options for scaling the network and has a convenient setting for the business.
ARDOR can be called NXT 2.0. This brings more and more features of NXT in combination with the long-awaited feature:
Ardor will give you the opportunity to create your own secondary chains within the Ardor ecosystem. Just think about all the opportunities associated with creating your own chain, and not just an asset or a coin.
Just look at the NXT. All functions that NXT has will also be available for the Ardor chains:
Aliasing: initiate transactions with easy names. All aliases end with a period preceding the name of the subsidiary chain.
Data cloud: It is safe to store data directly on a blockchain. It can be both public and private, and also with a timestamp.
Account control. Restricting access to the account or prohibiting transactions without the approval of several parties.
Monetary system: create customizable tokens of the monetary system in addition to the local token of the subsidiary chain.
Secure messaging: sending encrypted messages and files without a centralized system.
CoinShuffle: allows users to quickly and efficiently move funds using the tools of other users to further enhance privacy.
Voting: a decentralized poll for safe and anonymous voting.
Plugins: plug-ins can be installed to increase and customize functionality.
Step-by-step: the creation of automatic conditional or unconditional transactions with deferred execution.
Marketplace: have a market where everyone can buy and sell physical and digital items.
The Ardor platform solves many problems, and accordingly gives new opportunities for the network.
Here are the main ones:
Solutions for scaling. Any block has a tendency to grow, and in this regard, its work is slowing down. To solve this problem, the developers of Ardor made two chains: main – Ardor, and the subsidiary – Ignis. The Ardor chain is responsible for network security and does not have much functionality, and Ignis has all the necessary functionality to create the necessary network capabilities.
Setting up for business. Ardor is an ecosystem that wants to be easy to understand and reliable for business development. For this, Ardor uses “Blockchain as a Service”, which is ready for installation and launch. Ardor wants to be something similar to business, as WordPress became for website developers. Using Ardor, any company or enterprise can create their own coins, for the transfers of which they will receive their commission, and for their work choose only the necessary functions.
Advantages of Ardor
Transactions in the network are processed very quickly, it takes no more than 60 seconds (often less).
There is no relationship between the number of new chains and the size of the blockchain.
A high degree of safety, due to the professional approach to solving this problem by the competent specialists of Jelurida, that have put their hand to the development of NXT.
NXT technology has made significant improvements that will be made available for the creation of independent projects, when generating a subsidiary chain for the work of public and private companies, for business development in various industries.
Each branch chain Ardor has its own “native” token, which will be used to conduct transactions. Participants in these chains do not need to have the coins of the main chain ARDR on their balance.
Collection of commissions for transactions will also occur in the tokens of the chain where the account was created.
It is impossible not to note the available settings. Despite the fact that everything happens in a manual mode, you should not have any difficulties.
Storage and trading of assets Ardor are possible for users of any of the subsidiary chain.
Ardor had a productive 2017. In the evolution of its first product, Nxt, they released the year with a number of key development goals in their quest to bring Ardor to the market:
Starting the Ardor highway
Migration of ARDR balances from Nxt block to Genesis Ardor block
Generating an IGNIS subsidiary network based on NXT and JLRDA balances
Spawn from the Bitswift network with 10% airdrop for IGNIS owners
Expansion of chains of BTC, EUR and USD codes supported by third-party business organizations
Ensuring the stable work of Ardor in production, solving any problems discovered after launch
The survey, attraction, and training of new developers, quality assurance, and support
Trimming the transaction of the subsidiary chain and sharing snapshot data between nodes in the test network
Additional subsidiary chains running on the network
Cropping and snapshot are implemented on the network
Support for transaction types with a particular subsidiary chain
Run Testnet and the latest changes
With the release of Ardor, publicly available in the first quarter of 2017, there have been many updates and new releases. In fact, only in November, the brand added asset management and compound phasing, which led them to a completely new block of genesis.
The latest version was released just a couple of weeks ago and should be the last major version from Testnet to the launch of Mainnet. This launch will occur in early 2018, and the only updates that consumers should expect after this are simply security changes and critical bug fixes, although there will not be any other changes to the underlying API.
The conclusion by Ardor and expectations of 2018
After Ardor will be launched on January 1, 2018, the blockchain platform will be fully operational for consumers, as the brand zones are stabilized. During this first quarter, all efforts are aimed at eliminating any problems that arise after the start of the launch. It will also create many new positions for developers, quality assurance, and support.
In the second quarter, the transactions of the subsidiary chain will be truncated, since the data is separated through the Testnet nodes. Mainnet will have more subsidiary chains available, but the company will integrate unique functions that do not depend on the correlation in the chain of parent/child architectures.
In the third quarter, the results of data collection and trimming will be displayed for the entire product. In fact, the founder’s goal is to become an exclusive source for applications with the chain. Due to the greater functionality with Nxt and Ardor systems, the main goal is to just release the quality in a timely manner, which all participants hope for on this platform.