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Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 101. (Read 395743 times)

full member
Activity: 178
Merit: 100
At the low point of the first two days, buy some to make an appointment in the third quarter
hero member
Activity: 1358
Merit: 635


Also what im worried about is, if something were to happen to my android device, which options do I have for getting back access to my nxt wallet?

advice.. anyone?
Thanks

In fact NXT/Ardor is a brainwallet, so if you have control on your passphrase  you will be able to access your NXT / Ardor account on  platform  installed on any device and  not only android. So keep it safe.
sr. member
Activity: 554
Merit: 251
Do NXT holders in exchanges also get ignis?

I don't think so.

Wouldn't it be in the interest of the exchanges to support this and prevent massive withrawal?

They can but they don't have to.

Why take chances?

Let me show you the safe way:

Today.
Download and install the wallet from https://nxt.org/download

Create a new account, remember/write down your passphrase, don't forget it.

Withdraw ARDR from the exchange to your address, the one that starts with NXT- (can be found in the top left corner of the wallet, also called Account id).

Sync the blockchain to the end (can take a few hours depending on your hardware speed) and you will see your ARDR under Asset exchange.

In September.
Wait for Ardor platform launch in September, download the Ardor wallet when it becomes available and log in using the same passphrase.


Thanks! Will move my ARDR into the NXT wallet aswell, once I have security and safety issues figured out.

I have two apps on my android phone, "NXT" & "NXT mobile wallet"

I can log into NXT app by entering 4 digit pin, where I can see my balance and address, recieve and send funds

I can access NXT Mobile Wallet by entering the NXT address from "NXT" app. This doesn't make sense to me. Isn't it just a public address? Maybe I'm just stupid Grin

I cant remember the process of setting up my nxt wallet, or the passphrase (I could probably figure it out, if the passphrase is set by myself?), I guess I was a bit reckless when signing up.

Also what im worried about is, if something were to happen to my android device, which options do I have for getting back access to my nxt wallet?

advice.. anyone?
Thanks
sr. member
Activity: 700
Merit: 330

But what about IGNIS? What will make it valuable? Will it be just another coin on the market with no real advantage?

And another question: if I stake ardor, will I get child coins in the result of forging?
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13


It's the market not ARDOR, it's been a blood bath for all the top 100 and most of the crap as well. Get used to it, not the last time you will see this. The way to live with this volatility is to embrace it and make the right move at the right time and, learn to hold even if your asset is loosing money. Don't blame ARDOR, blame the whales, miners, and immature Bitcoin developers.

hero member
Activity: 910
Merit: 1000

Why are you in crypto investment in the first place? You know how volatile it is. If the situation was the other way .... 50 % higher do you still whine and complain?
legendary
Activity: 1162
Merit: 1005
If i am right there are now 3 confirmed childchains that will be on ardor:

- IGNIS
- Bitswift (SWIFT)
- ADEL

Confirmed are only Ignis and Bitswift. Adel is not confirmed publicly, yet.
newbie
Activity: 3
Merit: 0
If i am right there are now 3 confirmed childchains that will be on ardor:

- IGNIS
- Bitswift (SWIFT)
- ADEL
jr. member
Activity: 35
Merit: 3
You're probably referring to "bundlers" - that are users that collect the fees of the child chain users and include child chain transactions in the ARDR main chain. These users must pay ARDR as fee, not IGNIS.

That should make ARDR tokens even more attractive. Thanks again.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
You're probably referring to "bundlers" - that are users that collect the fees of the child chain users and include child chain transactions in the ARDR main chain. These users must pay ARDR as fee, not IGNIS.
jr. member
Activity: 35
Merit: 3
I understand, after ARDR main net launched the child chain transactions will require some sort of IGNIS fee for the transactions to be tied to the ARDR main chain.
Only the IGNIS child chain transactions will require IGNIS fees. Users of other child chains can pay in their own child chain token. The value of IGNIS lies in the fact that it will be the first and only decentralized child chain for a relatively long time, and so the idea is that it will establish itself as the "currency" of the NXT2.0 system - as the "Bitcoin competitor".

Quote
So, obviously there's some inherent value in IGNIS tokens as a kind of currency for the whole platform. But what's the inherent value of ARDR tokens then?

Everyone who owns tokens in a child chain is also a Ardor stakeholder - because it's the main chain and provides all the security.
So all users of the ecosystem would be wary that Ardor's security is the highest possible, and so nobody would sell ARDR for cheap.

Thanks for the clarification.

But I remember somewhere it was said that at least the owner of a child chain will need to provide some IGNIS to tie the child transactions to the main chain.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
I understand, after ARDR main net launched the child chain transactions will require some sort of IGNIS fee for the transactions to be tied to the ARDR main chain.
Only the IGNIS child chain transactions will require IGNIS fees. Users of other child chains can pay in their own child chain token. The value of IGNIS lies in the fact that it will be the first and only decentralized child chain for a relatively long time, and so the idea is that it will establish itself as the "currency" of the NXT2.0 system - as the "Bitcoin competitor".

Quote
So, obviously there's some inherent value in IGNIS tokens as a kind of currency for the whole platform. But what's the inherent value of ARDR tokens then?

Everyone who owns tokens in a child chain is also a Ardor stakeholder - because it's the main chain and provides all the security.
So all users of the ecosystem would be wary that Ardor's security is the highest possible, and so nobody would sell ARDR for cheap.
jr. member
Activity: 35
Merit: 3
Newbie question:

I understand, after ARDR main net launched the child chain transactions will require some sort of IGNIS fee for the transactions to be tied to the ARDR main chain. So, obviously there's some inherent value in IGNIS tokens as a kind of currency for the whole platform. But what's the inherent value of ARDR tokens then?

full member
Activity: 394
Merit: 104
full member
Activity: 230
Merit: 111
Editor no Cointimes
Vote for the new Ignis logo
(easily on the Nxt blockchain of course)  Cool

Account: NXT-ZZW7-U2KL-AV2U-8P8FE
Poll ID: 1977236085310946157
The logo's: https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/msg233655/#msg233655



Really great logos, bjorn blockchain 's logos are the best ones I think this guy have talent.


Anyone knows whats happened with nxter magazine? They redesigned completely the website(great job) and now is just in spanish and english.
legendary
Activity: 1205
Merit: 1000
Vote for the new Ignis logo
(easily on the Nxt blockchain of course)  Cool

Account: NXT-ZZW7-U2KL-AV2U-8P8FE
Poll ID: 1977236085310946157
The logo's: https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/msg233655/#msg233655

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