How do you feel about Ardor today?

Today's ARDR price

The 24-hour trading volume is $6.13M. The latest ARDR price is $0.09688, based on the most up-to-date USD market data. Ardor is -1.91% in the last 24 hours with a circulating supply of 998.47M.

ARDR price history (USD)

What is Ardor?

Ardor is a public blockchain-as-a-service platform that builds on the technology of Nxt to provide a comprehensive solution for the scalable deployment of blockchain. It introduces a novel parent-child chain architecture, where the security and integrity of the network are maintained by the parent Ardor chain, while the child chains are equipped with extensive functionality for various applications. This structure is pivotal in addressing some of the most pressing issues faced by blockchain technology today, including blockchain bloat, reliance on a single token, and the challenge of creating customizable yet interoperable blockchain solutions. Launched on January 1, 2018, Ardor is designed to facilitate the easy self-deployment of customized blockchains without the need to code from scratch. This is achieved through its offering of over 250 APIs that developers can utilize to create a wide range of applications, from financial services to supply chain management. The platform's emphasis on scalability is evident in its unique offering of child chains, which allows for the segregation of functionalities across different chains, thereby enhancing the efficiency and scalability of the network. Ardor's consensus mechanism is another area where it stands out. It claims to be the first to implement a pure proof of stake consensus algorithm, which not only reduces energy consumption compared to proof of work systems but also offers increased security and decentralization. The platform's native tokens, including ARDR, IGNIS, and NXT, play a crucial role in the ecosystem, facilitating transactions, governance, and other functionalities within the Ardor network. The development and maintenance of Ardor and its associated tokens are managed by Jelurida Swiss SA, a company known for its commitment to advancing blockchain technology. Ardor's first child chain, Ignis, exemplifies the platform's versatility and its potential to support a wide array of applications and use cases. In conclusion, Ardor represents a significant step forward in the quest for a more scalable, customizable, and efficient blockchain platform. Its parent-child chain architecture, combined with a robust suite of development tools and a forward-thinking consensus mechanism, positions Ardor as a compelling choice for developers and organizations looking to leverage blockchain technology. As with any investment in blockchain technologies, individuals are encouraged to conduct thorough research to understand the risks and potential of the platform.

Ardor resources