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Ardor

Ardor is a platform that offers  as a service. It is a Blockchain-as-a-Service platform. Ardor works with two types of blockchain: the mainblockchain and childblockchains.[1]

The Ardor Coin (ARDR) comes into play at the point where transaction fees are charged within the Childchains. The chains collect transaction fees and pay them in ARDR to the main blockchain. This also applies to Childchain tokens.[2][3][4]

Company

Jelurida is the company behind Ardor,it is a Swiss blockchain software development company. It was incorporated in Netherlands in 2016 with the objective to further develop and maintain the Nxt and Ardor blockchain platforms, to ensure the sustainability and longevity of both projects, and explore commercial opportunities based on providing public, private, and hybrid blockchain solutions.[14]

In 2017, Jelurida expanded internationally and is now in Spain, Israel, Netherlands, Bulgaria, South Korea and Nigeria. Jelurida goal is to help companies, startups, organizations, academia and individuals incorporate technology in their business or project.[13]

Overview

Ardor Coin (ARDR) is the associated for the platform. It works with two types of : the main blockchain and child blockchains. Ardor's platform offers a main chain that handles decentralization plus customizable child chains and blockchain security that comes ready to use for various business applications.

Ardor is a development software, which eliminates the problem of inflating, scalability and versatility of the blocks. Ardor is developed as a complete ecosystem where multiple users can interact with each other without going beyond the platform.

The problem of storing and processing a large amount of non-essential long-term data in a blockchain is solved by separating the chain security tokens from those used for regular transactions.

Ardor is a public  platform. It is a software platform ONLY and does not conduct any independent diligence on, or substantive review of, any blockchain asset, digital currency, cryptocurrency or associated funds.

Ardors's first ever child chain (Ignis) was created by developers to test the capabilities of Ardor and serve as an example of an operating child chain. Ignis contains all possible customizable feature that comes from NXT code base. Ignis is designed in such a way that it serves as the main entry point for Ardor. The Ignis largely replicates NXT. Its primary objective is to offer unlimited possibilities and flexibility.[5][6][7][8]

Ardor Coin – Features

All user are tied to the parent chain. During the day, all transactions are transferred to the main blockchain, and then arrive in the archive later on. On the one hand, aliasing, which means that transactions can be carried out with names, can replace wallet addresses. Each name has an expiration date.[15]

Features for the Ardor coin include:

Aliasing: to initiate a transaction with easy names. All aliases end with a period preceding the name of the child chain.

Data cloud: is it safe to store data directly on the block chain. It can be both public and private, as well as with a timestamp.

The control account: Restrict access to the account or prohibit transactions without the approval of multiple parties.

Monetary system: create custom tokens for the monetary system in addition to the local subsidiary chain token.

Secure message transfer: send encrypted messages and files without a centralized system.

CoinShuffle: allows users to quickly and efficiently move funds using other users ' tools to further enhance privacy.

Voting: decentralized polling for secure and anonymous voting.

Plug-ins: plug-ins can be installed to enhance and customize functionality.

Staged: create automatic conditional or unconditional transactions with deferred execution.

Marketplace: have a market where everyone can buy and sell physical and digital items.

Furthermore, all data is saved in the blockchain. Users can decide whether this should be done publicly or privately. Data has a timestamp. Childchains users also have full control over their accounts. No approval from other parties is required. A messaging system is also available to users. Of course, it’s encrypted. This enables data and messages to be sent on a decentralized basis.[9][10]

Team

Ardor, Nxt and Ignis are all projects owned by the private company Jelurida. Having its beginnings in the creation of Nxt in 2013, the Jelurida team is one of the most experienced  developers in the world. The team has numerous software engineers who now have more than five years working with the Nxt, Ardor and Ignis platforms.

Updated Roadmap

Q1-Q2 2022

  • Per-Transaction-Type Asset Control
  • Asset Trade Royalties
  • Ardor 3.0.1e testnet release
  • Continuing Bridge Champ development and integration

Q3 - Q4 2022

  • Ardor 3.0 mainnet
  • Continue the development/maintenance of gateway contracts for wrapping Ardor assets with EVM based tokens
  • Continuing Bridge Champ development and integration
  • Continue the development/maintenance of IPFS integration contract
  • Feature development as needed to support the end user application ecosystem

Research Projects

  • Child-chain Subnets
  • Decentralized Pegged Tokens
  • Decentralized Liquidity Pools
  • Integration of HD account functionallity with contract runner and shuffling
  • Enhance contract runner security
  • Configurable market making contracts.[12]
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