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Ardor - the story of a cryptocurrency

2020-01-07

Ardor is the development of the Jelurida concern. Experienced specialists who had previously created NXT worked on the project. News of the emergence of this platform began to arrive in 2016, and the launch of the mainnet began in Q4 2017.

The developers did not announce the ICO, but distributed the tokens of the new digital currency among the Nextcoin participants. A roadmap has been successfully implemented that has many changes compared to the classic blockchain concept.

In the development team, you can note:

Kristina Kalcheva - General Director, Intellectual Property Specialist;
Lior Yaffe - Principal Developer and Co-Founder with experience in large corporations;
Tomislav Gountchev - CTO and Senior Software Developer;
Petko Petkov is a developer and co-founder with considerable experience working with financial software.
The growing interest in cryptocurrencies began to grow from the end of 2015. During this period, the NXT developers decided to implement a new project - Ardor, which was no longer built on the classic, but on the updated blockchain. Segregated asset issuance was organized on top of the main chain.

The official start of the Ardor cryptocurrency project was held in January 2018. The developers see a great future in their development - the existing NXT algorithm has been expanded and supplemented in the system.

About the Ardor project

The revolutionary platform is the Ardor cryptocurrency. It solves the problem of processing large amounts of data. It is based on blockchain technology, and the scaling tasks are solved through the functionality of decentralized applications. It is presented on exchanges as an ARDR token.

For the Ardor cryptocurrency, the code was rewritten from scratch, since the developers did not take the Bitcoin blockchain as a basis. It was with the NXT project that the creation of the first multifunctional platforms began. It is not surprising that the project immediately gained popularity.

The Ardor crypto project is complex and multi-structured. The network has maximum security against risks. Digital development operates on the PoS protocol, in which block generation is recalculated after each new link. The ecosystem operates as an open source program. There is no location for a separate server or other control block. Transaction data and the state of digital assets are stored on the main blockchain.

Several innovative tools make Ardor viable. The system is built from two interconnected circuits: Ignis (child) and Ardor (parent). Due to this separation, the network is not overloaded with tasks.

The Ardor cryptocurrency differs in the following functionality:

data cloud - information can be stored right in the block chain;
monetary system - personalized tokens (ARDR coins) are in the users circulation;
voting - decentralized polls and private speaking;
stages of transactions - execution of monetary transactions is carried out automatically;
secure message transmission - encrypted information is not subject to the control of a centralized system;
trading platform - the opportunity to enter the market;
plugins - add-ons with increased functionality are installed.
Aims to use the Ardor platform for business. The structure of the system turned out to be simple. The sites functionality is clear, and its performance does not decrease with the growth of the digital circuit. Transaction processing takes 60 seconds on average. Users do not have to worry about the security of their funds and payments.

The Ardor cryptocurrency is fundamentally different from others. It is conventionally believed that it is built on blockchain 2.0. Offers a platform scalable solutions for absolutely all users. Long waiting times for transaction processing are a thing of the past. With an increase in the number of users, the blockchain is not overloaded, as it has an updated architecture.

The confidentiality of personal balance allows you to maintain transparency of transactions. The digital economy offers the virtual currency Ardor to run and expand business. Its blockchain has a lot of advantages due to which the coin has stability in the market.

Ardor belongs to a young and developing altcoin. The coin competes with other cryptocurrencies in the Blockchain-as-a-service niche. Consensus in the system is achieved due to the distributed principle, and mining competition is excluded. A rich development environment is provided by the multi-platform Java programming language, which provides the web with unique integration tools.

Ardor features

Improving the blockchain, cloning problems, the value of one token - all these tasks can be solved by the Ardor cryptocurrency. Its system is used to generate blocks and pay for transactions, assess the exchange of assets and transfer them through the digital network. All processes are fully automated, and connected circuits consume several times less energy.

A successful implementation of the Ardor platform can be carried out in:

control systems;
exchange and financial platforms;
networks of autonomous devices;
corporate registries;
data storage systems;
the field of intellectual property;
areas of public funding;
online voting platforms.
Each user of the Ardor network can make personal settings. A single ARDR token is used for transactions, which can be exchanged for similar altcoins.

The Ardor cryptocurrency has integration tools - this makes it easy to integrate it into payment systems. On cryptocurrency exchanges, coins can be converted into other altcoins as needed. Many organizations choose ARDR token for its transparency and ease of use.

The Ardor cryptocurrency system has full cycle automation aimed at creating a sidechain. For business, the platform offers simple and convenient solutions. It features an intuitive interface. The casing is fully adapted for ordinary consumers.

Each user can trade or buy ARDR coins. All transactions are secured with a high level of security. The developers constantly analyze the load level and resource consumption. The platform is constantly being improved and the settings are being changed. There are no restrictions on using the Ardor cryptocurrency.

How is Ardor created?

There is no classic mining of cryptocurrency by mining - the coins were issued simultaneously. The PoS algorithm was chosen for the operation of the site. Interested persons will be able to receive ARDR tokens on the basis of the “forging” principle, which involves earning on commissions. The more coins in circulation, the greater the users reward.

Ardor is an analogue of digital money, which is not created in the classical way. An asset was built on a completely new blockchain that does not require its own server. When carrying out any payment transactions, network congestion is excluded.

Is Ardor endless?

The Ardor cryptocurrency is not infinite, as its emission is limited. Maximum number of tokens: 1,000,000,000 ARDR.

When making payment transactions with ARDR coins, you dont have to worry that they will hang somewhere for a long time. The throughput of the cryptocurrency has been increased and is constantly showing its advantages in practice. Even though the token is not infinite, it has a market demand among different consumers.

Ardor strengths

Many of the capabilities of the Ardor cryptocurrency are provided by creating your own child chains internally. System security is based on a hierarchy controlled by a parent chain. The digital asset powers itself.

The Ardor cryptocurrency has the following advantages:

flexible blockchain architecture - forks are created from the main block to ensure the security of data transmission;
high productivity - the speed of transfers has been significantly increased;
universality of the program code - the platform is easily modified, as it is written in Java;
effective consensus - the transition to PoS was completed, which turned out to be successful and energy efficient;
optimization of circuits - working with data is much easier;
easy application - to use the systems capabilities, you do not need to have deep knowledge of administration;
active development of the platform - the project is focused on the business sphere, more and more investors are interested in ARDR tokens;
confidentiality of transactions - user funds are mixed in the system and hidden from ill-wishers;
network security - the developers paid special attention to this property.
The Ardor platform has a user-friendly toolkit, so its not hard to figure out how to use it. ARDR tokens can be saved and stored in special wallets or circulated. Blockchain maintains high performance at the expense of child chains. The developers made the system in such a way that it is not overloaded with unnecessary information.

From the outside, the Ardor project may seem crude, but it has already gained popularity in society. The functionality of the cryptocurrency has been optimized, all problems have been eliminated during its implementation. The platform is open to a wide range of users and has a growing trend.

When creating the Ardor cryptocurrency, the developers focused on ease of use, performance, and public utility. The process of processing information in the network is simplified - this is realized due to unlimited scalability. Companies from different sectors of the economy can use ARDR coins in their field.

The Ardor project is aimed at business, but not only large companies can use it. Where large corporations are good, ordinary users will find it good too. The value of ARDR tokens will be fully disclosed in the future, just as the value of the next generation blockchain is disclosed now.

Ardor in TOP currencies

In a short time of its existence, the Ardor cryptocurrency has gained sufficient popularity in the market. Its capitalization indicators are growing (now the coin is in 86th place), and ARDR tokens are attracting investors interest. The only obstacle to its development is the high volatility, which is inherent in other crypto coins.

During the existence of Ardor, the rate correction is often observed on the market. Investors and those interested in using this cryptocurrency should constantly monitor market performance. With the help of ARDR coins, you can achieve passive income by putting a certain amount of funds into circulation. Experts say that Ardor quotes will only increase.

Since its inception, the Ardor cryptocurrency has been able to conquer the digital market. It has excellent prospects for further development. Despite strong competition, the coin holds a high position. Due to such digital assets, the blockchain industry will be able to reach a new level and fully conquer the business sphere.

Among other cryptocurrency technologies, Ardor stands out for its updated blockchain. The ARDR token can be viewed as a long-term perspective. The coin is used for both instant transfers and storage. At any time it can be withdrawn or sold, making a profit.

For business users, ARDR tokens will be a godsend. Anyone looking for a reliable blockchain tool chooses the Ardor cryptocurrency. It is gaining popularity among individuals and individual companies who are interested in using the latest tools of the digital economy.

The ARDR token rate is steadily increasing and its market capitalization is growing. The ideas of the NTX developers have been successfully implemented in the Ardor cryptocurrency. Each year for ARDR coins brings new advances and stable consolidation in the market.