What is Ardor (ARDR)?

What is Ardor (ARDR)?

Ardor (ARDR) is a cutting-edge open-source platform that serves multiple blockchains. Open-source means that the source code is accessible to everyone for use and modification. Ardor strives to develop a network that can address the challenges of current blockchain technology. The platform also aims to implement inventive solutions to achieve scalability, which is a system's capacity to enhance (or decrease) performance.

How does Ardor (ARDR) Work?

Ardor is looking to employ a unique parent-child system that will enable it to achieve scalability and provide solutions to various problems. The idea is to use Ardor as the parent chain, which will be responsible for network security and transaction processing, while the child blockchains will offer other functionalities for conducting business. These functionalities include a marketplace, asset exchange, data cloud, and many more. The parent-child architecture has several advantages, including reducing the blockchain burden, introducing multiple transactional tokens, and hosting new blockchains, according to the whitepaper. The bundling system allows transactions on a child chain to be included in the parent chain. Bundling involves grouping several child transactions into a parent chain. The platform is looking to use individual child tokens for transactions and operate child chains within the main or parent network.

What makes Ardor (ARDR) Unique?

Ardor is striving to achieve energy-efficient and hardware-friendly transaction processing by using Proof of Stake as a consensus mechanism. The platform's unique parent-child infrastructure is designed to overcome the challenges of blockchain and enhance scalability while reducing the burden on the system.

What is the ARDR Token?

The ARDR token serves as the backbone of the platform, acting as the parent chain for generating new blocks and achieving consensus. Ardor is striving to eliminate dependence on single tokens by using individual coins for child chains. The platform is adopting two systems to achieve this:

Forgers (Forging) – responsible for creating transaction chain blocks for ARDR tokens, where they can choose which transactions to include in a block.

Bundlers – responsible for creating transaction blocks for child-chain transactions, bundling order values in individual child tokens.

Conclusion

Ardor is a promising blockchain platform that offers numerous benefits such as scalability, asset management, security, and interoperability. Its unique features make it stand out in the evolving crypto industry, making it a versatile solution with manifold potential applications.