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What Is Ardor Platform? Introduction to ARDR

It's hard not to adore Ardor for standing up to Microsoft and going independent...

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What is Ardor?

Ardor is a cryptocurrency based on the open source NXT blockchain that aims to compete with existing enterprise solutions such as Microsoft Azure. Its native token is the ARDR token. The blockchain enables easy aliasing, account control, secure messaging, plugin support, marketplace transactions and more.


What is Blockchain as a Service?

Blockchain as a Service is an inevitable solution presented by blockchain technology. Ardor has the pedigree to build a solid BaaS platform, and it encompasses several key features of blockchain 2.0 and 3.0 projects.

Ardor blockchain is based on the open-sourced NXT blockchain project (a blockchain the team also founded). It’s an all-in-one blockchain suite that supports development out the box.

When you consider each blockchain working in tandem to replace today’s current internet, it opens a lot of possibilities. Software as we know it is being rebuilt from the ground up, and blockchains help with everything from tracking software licenses to securing and storing large amounts of cloud data.

Before discussing how Ardor blockchain can compete with Microsoft Azure and fit into this next-gen connected ecosystem, let’s look at the ARDR cryptocurrency and its performance on the financial markets.


Breakdown of ARDR

Ardor has a current market cap of $193,024,684 as of July 25, 2018. This is based on a circulating supply of 998,999,495 Ardor ARDR cryptocurrency tokens (the max supply) and an exchange rate of $0.193218 per Ardor ARDR. The peak price was $2.03 on January 13, 2018.

Although not mineable, Ardor supports tokenized child chains, and the IGNIS token/chain is the first to be released by the project’s creators to incentivize development. The IGNIS ICO raised over $15 million through the NXT platform in August 2017.

IGNIS has a current market cap of $54,239,955 based on a circulating supply of 761,143,950 IGNIS (out of a total supply of 999,449,694) and an exchange rate of $0.071261. The peak price of IGNIS was $2.10 on January 3, 2018.

Ardor ARDR is tradeable on many popular cryptoexchanges, including Upbit, Bittrex, Binance, HitBTC, and Poloniex. It is typically paired with Bitcoin, although Ethereum and other alts are occasionally accepted.

IGNIS is accepted at Upbit, Bittrex, and Indodax so far.

Ardor has a proprietary blockchain wallet available for Linux, Apple, Windows, and Android platforms to support both tokens, along with other child tokens in the future. Third-party wallets may also accept either currency.


Tech’s Pain in the aaS

Cloud computing, cross-platform functionality, stability, accessibility, and security are all major concerns in the business world. Software as a Service (SaaS) models are so successful that the industry is worth nearly $76 billion a year.

Blockchain platforms like Stratus rushed to fill the Microsoft Azure BaaS marketplace as developers, but Ardor went indie. Ardor built its own blockchain-based ecosystem, hailed as NXT 2.0, with enough bells and whistles to compete with Microsoft Azure itself. Even if the team crumbles, certainly any tech giant would love to purchase the child chain technology to gain a massive headstart in the next Internet infrastructure.

Here’s a small list of the features the Ardor platform supports after its rigorous testnet beta.

Data Cloud – Cloud-based storage like AWS is supported with end-to-end encryption for data transmittal and storage.

Account Control – Everyone from families to businesses relies on account-level access controls to ensure the system isn’t compromised.

Anonymity – The ability to perform actions anonymously is important. Ardor uses decades of torrent and tor technology to increase individual control over privacy.

Marketplace – An impressive tech project isn’t as impressive if it’s not generating revenue. An open marketplace and a user-friendly UI makes Ardor an adorable project for enterprise adoption.

The usage of off-chain child chains and conditional transactions make Ardor a lean blockchain that avoids the bloat associated with projects like Bitcoin and Ethereum. Off-chain transactions and inter-blockchain operability are important pillars of a sustainable blockchain platform and the child chain solution works.

Jelurida, the company behind Ardor and NXT, was co-founded by Kristina Kalcheva, Petko Petkov, and Lior Yaffe with a well-versed team of blockchain experts. The project is arguably much further ahead in development than competitors like RChain, EOS, and Ontology.

In an industry full of vaporware, this makes Ardor an attractive investment and partnership. It’s a scalable, next-gen blockchain platform that can easily support any other blockchain through its development community.


Ardor Summary

Ardor is the next generation of NXT blockchain 3.0 and a strong contender for enterprise partnerships, development, and implementation. The company behind it has a strong blockchain background that will support a cloud-based Blockchain-as-a-Service platform, including several key features.

  • Ardor is a full suite of programs and fully capable of competing with the Microsoft Azure platform. By remaining independent, the company maintains control over network governance.
  • IGNIS, the first child chain released on the Ardor platform, is a monetary system that will tokenize usage of the BaaS marketplace. Both tokens can fund transactions and development.
  • ARDR was recently listed on Binance, and is accepted by most popular exchanges around the world.

With these pieces in place, Ardor could be a sleeper hit of the initial crypto bubble. This blockchain platform has legs and you should keep watching the cryptocurrency news to follow its progress. Should you ARDR cryptocurrency? It all depends on the fortunes of the tech behind it.

 

The author is not invested in any cryptocurrency mentioned in this article.

 

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1 Comment
  1. Mark says

    I have been using NXT since 2014, so I quite like the platform…

    There might be some problems with the concepts, as Azure is the second largest Cloud provider in the world, offering a multitude of solutions while Ardor is just one Blockchain Platform. Indeed Azure sided with Ethereum, using PoA as consensus algorithm, and building a whole development workbench and deployment framework which suits its PaaS/IaaS offering.

    I cannot see the point of comparison, as above all anyone can publish solutions on Azure’s marketplace and optionally charge a usage fee.

    To suggest being wise or bold to ignore Azure’s marketplace rather than working with it to ease access and accelerate adoption by enterprise players is shortsighted to say the least. VMs could be provided on Azure with preloaded up-to-date ARDR blockchain and development capabilities for child-chains. Even usage fees for such PaaS could be funneled back into Jelurida to support development to better suit enterprise users in general and Azure in particular for a powerful synergy.

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