Ardor
Ardor is the latest entrant among the growing number of blockchain-as-a-service (BaaS) providers. Ardor provides the blockchain infrastructure that enables businesses and institutions to leverage the strengths of blockchain technology without investing in the development of custom blockchain solutions. Instead, Ardor offers a main chain that handles blockchain security and decentralization, along with customizable child chains that are ready to use for various business applications. Ardor goes beyond Nxt to address critical issues involving blockchain bloat, scalability, and customization. Nxt is a well-respected, verified, and established blockchain technology with a comparatively long history and an experienced development team. However, as blockchain usage increases over the coming years, Nxt and other blockchain technologies will face fundamental challenges related to payments, scalability, and customization. The first and most straightforward issue is the use of native tokens for transaction fees. Nxt uses a forging proof-of-stake system, meaning that the total token supply has already been created and new tokens are not created with each block. Instead, the forgers that verify blocks receive a portion of the transaction fees paid on the network. Accordingly, transaction fees must be paid in NXT. Even if you create a new currency independent of Nxt, you will still need to own NXT to pay miners, which dilutes the value of your own currency. To test Ardor’s capabilities and serve as an example of an operating child chain, the Ardor developers created Ignis. Ignis will implement all the customizable features derived from the Nxt code base. Essentially, Ignis will be a proof of concept and could be the first of many child chains on the Ardor platform. The Ignis ICO recently raised $15 million in funding for development. In the future, Ardor child chains could be used to create equity trading platforms, digital file transfer services, private enterprise blockchain applications, and many other use cases. Ardor’s strengths are its quick setup time and broad customizability, making it an excellent option for companies seeking to leverage blockchain without the resources to dedicate to custom development. Ardor has many architectural advantages. One of them, and perhaps the most influential, is that it was created using Java, one of the most widely used programming languages in the world today. This is definitely a step in the right direction, as a commercial application is considered ten times more likely to succeed when its development language is one with which most programmers are familiar.
Overview
Ardor is the latest entrant among the growing number of blockchain-as-a-service (BaaS) providers. Ardor provides the blockchain infrastructure that enables businesses and institutions to leverage the strengths of blockchain technology without investing in the development of custom blockchain solutions. Instead, Ardor offers a main chain that handles blockchain security and decentralization, along with customizable child chains that are ready to use for various business applications. Ardor goes beyond Nxt to address critical issues involving blockchain bloat, scalability, and customization. Nxt is a well-respected, verified, and established blockchain technology with a comparatively long history and an experienced development team. However, as blockchain usage increases over the coming years, Nxt and other blockchain technologies will face fundamental challenges related to payments, scalability, and customization. The first and most straightforward issue is the use of native tokens for transaction fees. Nxt uses a forging proof-of-stake system, meaning that the total token supply has already been created and new tokens are not created with each block. Instead, the forgers that verify blocks receive a portion of the transaction fees paid on the network. Accordingly, transaction fees must be paid in NXT. Even if you create a new currency independent of Nxt, you will still need to own NXT to pay miners, which dilutes the value of your own currency. To test Ardor’s capabilities and serve as an example of an operating child chain, the Ardor developers created Ignis. Ignis will implement all the customizable features derived from the Nxt code base. Essentially, Ignis will be a proof of concept and could be the first of many child chains on the Ardor platform. The Ignis ICO recently raised $15 million in funding for development. In the future, Ardor child chains could be used to create equity trading platforms, digital file transfer services, private enterprise blockchain applications, and many other use cases. Ardor’s strengths are its quick setup time and broad customizability, making it an excellent option for companies seeking to leverage blockchain without the resources to dedicate to custom development. Ardor has many architectural advantages. One of them, and perhaps the most influential, is that it was created using Java, one of the most widely used programming languages in the world today. This is definitely a step in the right direction, as a commercial application is considered ten times more likely to succeed when its development language is one with which most programmers are familiar.