What is Ardor? Ardor is defined as a multi-chain blockchain platform with parent-child architecture. In this article, as Kriptokoin.com , “What is Ardor?” We will look for an answer. In addition, we will examine the project in detail and try to answer questions about the project.
What is Ardor?
The platform is a blockchain platform that will enable people to use Nxt’s blockchain technology using a child chain. Ardor is based on Nxt technology. The developer of the platform is also the company behind the open source Nxt project. In addition, the platform claims to offer the first “pure” Proof-of-Stake consensus algorithm.
The platform has a project built with scalability in mind and aimed at solving the bloat in the blockchain. However, it aims to solve the single token dependency and the need for compatible blockchain solutions.
Ardor offers its user a main chain that provides blockchain security and decentralization. In addition, ready-to-use special sub-chains for various applications are another product offered by the platform to its users. The first subchain of Ardor is called Ignis.
What is ARDR token?
ARDR is the platform’s cryptocurrency. It is defined as the “PoS” token used in the Proof-of-Stake consensus. It has the task of providing security for all subchains. This cryptocurrency cannot be mined as it works through the PoS system. That is, new ARDR tokens cannot be produced. However, ARDR is a governance token. In other words, token holders have a say in the decisions to be made about the platform.
What is Ardor? How does it work?
The user who wants to start a new project on the platform creates a subchain. This subchain has all the functionality and customizability supported in Nxt. The structure allows subchains to implement their properties in a short time. Since the main chain has a blockchain infrastructure, subchains can easily adapt to specific use cases. Child chains continue to take the speed and security of the main chain as it integrates into a single platform.
What is the total supply and current price of Ardor (ARDR)?
According to Coinecko data, the total and circulating supply of Ardor (ARDR) is 998,466,231 ARDR. However, at the time of this writing, the market value of the project, which has a trading volume of $5,725,189 in the last 24-hour, is $110,265,088. ARDR is currently traded at $0.110410 on cryptocurrency exchanges. However, it rose as high as $2.04 in January 2018 and broke its own price record.
How to take Ardor (ARDR)?
Ardor (ARDR) is a project that is currently traded on several major major exchanges. An investor who wants to buy ARDR; By opening an account in one of the Binance, Bittrex, ProBit Global, CoinEx, Huobi Global or OKX exchanges where ARDR is traded, he can purchase any amount of ARDR he wants by depositing money in his wallet.
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