| ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 184.

andyatcrux

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Quote from: jacaf01 on August 17, 2016, 12:30:28 PM

Quote from: BitcoinLady on August 17, 2016, 11:48:17 AM

Hi,
I have a guestion. What if I buy NXT on Poloniex, will I receive Ardors the 12 of October too? Will Poloniex cooperate in this regards(snapshots...)?

This question has been answer here several time, exchanges like Poloniex and Bittrex are taking part in the snapshot exercise, so there is no need for concern. You can also buy and move it to your wallet since it is on blockchain for security reasons

Really? Seems a complicated calculation if people hold for a few days and sell, buy back, etc. Will be interesting to see how it pans out.

jacaf01

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The revolutionary trading ecosystem

Quote from: BitcoinLady on August 17, 2016, 11:48:17 AM

Hi,
I have a guestion. What if I buy NXT on Poloniex, will I receive Ardors the 12 of October too? Will Poloniex cooperate in this regards(snapshots...)?

This question has been answer here several time, exchanges like Poloniex and Bittrex are taking part in the snapshot exercise, so there is no need for concern. You can also buy and move it to your wallet since it is on blockchain for security reasons

BitcoinLady

sr. member

Activity: 374

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Prima Inter Pares

Hi,
I have a guestion. What if I buy NXT on Poloniex, will I receive Ardors the 12 of October too? Will Poloniex cooperate in this regards(snapshots...)?

violet.project

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Fras Coin - Customer Service

NXT and ARDOR still the best options, save currency haven

ja23

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Quote from: freshman777 on August 17, 2016, 12:35:50 AM

Quote from: ja23 on August 17, 2016, 12:30:26 AM

Quote from: Videodrome on August 16, 2016, 06:42:47 PM

A simple question :

if i have some days with zero nxt balance how this affect my final balance of ardor?

thanks

I believe the calculation is ((NXT Balance * (Days Left))/90)

Not exactly. The ardor balance is calculated every hour. 2160 snapshots in 90 days.

Well yeah, but I'm just rounding it out to the day, since it's easier to understand.

((NXT Balance * (Days Left * 24))/((90*24)-Hours passed today))

I think that's a correct calculation. There's different ways to get to the same conclusion. I'm just doing it for fun.

ja23

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Activity: 753

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Quote from: freshman777 on August 17, 2016, 12:25:15 AM

Quote from: ja23 on August 16, 2016, 04:52:21 PM

Quote from: freshman777 on August 16, 2016, 01:58:18 AM

Quote from: ja23 on August 15, 2016, 03:38:27 PM

I missed the initial announcement, but just got back into NXT to get some Ardor. There's two months left, so it's not too late. The value should be the NXT + the value or ARDOR. I just still a little confused of how child chains and the I think FNX all works, not being able to really visualize it. Like when I have ARDOR, what's the function of the FNX. (I think that's what it's called.)

Someone should create a video that would make the concept really clear for those just hearing about the concept, else the terms could be hard to understand for anyone casually reading.

Ardor is a forging chain, boss chain over all the child chains. The boss Ardor chain will not have utility functions, its purpose is to oversee that the decentralized consensus is maintained in the network. Functions of boss chain are few: maintaining consensus with forging, sending Ardor between accounts.
You must hold NXT to October 12, 2016 to receive Ardor.

****************** Banner Added For Visualization Wink

****************

FNX is a default child chain. You must hold NXT to Q3 2017 to receive FNX.
Utility functions of child chains are: sending coins, arbitrary messages, asset exchange, voting, marketplace, coin shuffling, data cloud, something else I surely missed because there are too many. More utility functions will likely be added, you should check the Nxt client 1.10.1 in my sig, it's awesome. Apps are built around these utility functions of child chains.

By forging, you mean like mining is for Bitcoin right? In order words, Ardor will be used to "forging" (which would be like mining for those not familiar with NXT) and trading. Right?

Right. Forging is Nxt's term for staking. Staking is mining in the proof-of-stake world.
Ardor will be a staking token. FNX will be a business token on the first default child chain.
Other child chains will be added as the project matures - companies, communities of people should be able to create their own blockchain under consensus protection of the Ardor chain. If there is demand for blockchains in the future, creating a blockchain on the Ardor platform will be cheaper and headache-free for them. Companies outsource production to where production is more cost effective all the time. It will be much more cost effective and *secure* for them to run a blockchain on the Ardor platform.

You will be able to trade Ardor. Ardor tokens are like your Bitcoin mining asic gear that you can buy and sell, think of them as virtual asics. The difference is Bitcoin mining gear is outdated every few months because they invent new better ones. Ardor tokens can't be outdated, there are 999 million of them, there can't ever be more. Unlike outdating bitcoin mining gear, the forging power of 1 Ardor token is constant.

Thank you.

freshman777

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Activity: 406

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Quote from: ja23 on August 17, 2016, 12:30:26 AM

Quote from: Videodrome on August 16, 2016, 06:42:47 PM

A simple question :

if i have some days with zero nxt balance how this affect my final balance of ardor?

thanks

I believe the calculation is ((NXT Balance * (Days Left))/90)

Not exactly. The ardor balance is calculated every hour. 2160 snapshots in 90 days.

ja23

hero member

Activity: 753

Merit: 505

Quote from: Videodrome on August 16, 2016, 06:42:47 PM

A simple question :

if i have some days with zero nxt balance how this affect my final balance of ardor?

thanks

I believe the calculation is ((NXT Balance * (Days Left))/90)

freshman777

sr. member

Activity: 406

Merit: 250

Quote from: ja23 on August 16, 2016, 04:52:21 PM

Quote from: freshman777 on August 16, 2016, 01:58:18 AM

Quote from: ja23 on August 15, 2016, 03:38:27 PM

I missed the initial announcement, but just got back into NXT to get some Ardor. There's two months left, so it's not too late. The value should be the NXT + the value or ARDOR. I just still a little confused of how child chains and the I think FNX all works, not being able to really visualize it. Like when I have ARDOR, what's the function of the FNX. (I think that's what it's called.)

Someone should create a video that would make the concept really clear for those just hearing about the concept, else the terms could be hard to understand for anyone casually reading.

Ardor is a forging chain, boss chain over all the child chains. The boss Ardor chain will not have utility functions, its purpose is to oversee that the decentralized consensus is maintained in the network. Functions of boss chain are few: maintaining consensus with forging, sending Ardor between accounts.
You must hold NXT to October 12, 2016 to receive Ardor.

****************** Banner Added For Visualization Wink

****************

FNX is a default child chain. You must hold NXT to Q3 2017 to receive FNX.
Utility functions of child chains are: sending coins, arbitrary messages, asset exchange, voting, marketplace, coin shuffling, data cloud, something else I surely missed because there are too many. More utility functions will likely be added, you should check the Nxt client 1.10.1 in my sig, it's awesome. Apps are built around these utility functions of child chains.

By forging, you mean like mining is for Bitcoin right? In order words, Ardor will be used to "forging" (which would be like mining for those not familiar with NXT) and trading. Right?

Right. Forging is Nxt's term for staking. Staking is mining in the proof-of-stake world.
Ardor will be a staking token. FNX will be a business token on the first default child chain.
Other child chains will be added as the project matures - companies, communities of people should be able to create their own blockchain under consensus protection of the Ardor chain. If there is demand for blockchains in the future, creating a blockchain on the Ardor platform will be cheaper and headache-free for them. Companies outsource production to where production is more cost effective all the time. It will be much more cost effective and *secure* for them to run a blockchain on the Ardor platform.

You will be able to trade Ardor. Ardor tokens are like your Bitcoin mining asic gear that you can buy and sell, think of them as virtual asics. The difference is Bitcoin mining gear is outdated every few months because they invent new better ones. Ardor tokens can't be outdated, there are 999 million of them, there can't ever be more. Unlike outdating bitcoin mining gear, the forging power of 1 Ardor token is constant.

Videodrome

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Free Julian Assange

Quote from: StolenCoinSalesman on August 16, 2016, 06:47:37 PM

Quote from: Videodrome on August 16, 2016, 06:42:47 PM

A simple question :

if i have some days with zero nxt balance how this affect my final balance of ardor?

thanks

Example

9000 nxt /(divide) by 90 days (snap shot period) = 100 nxt per day

100 nxt x(multiplied) by the number of days you held nxt = your ardor estimated balance.

And the wallet displays the amount of actual ardor you have and updates it 2 times a day.

Thank you so much for the explanation!

StolenCoinSalesman

sr. member

Activity: 385

Merit: 250

Quote from: Videodrome on August 16, 2016, 06:42:47 PM

A simple question :

if i have some days with zero nxt balance how this affect my final balance of ardor?

thanks

Example

9000 nxt /(divide) by 90 days (snap shot period) = 100 nxt per day

100 nxt x(multiplied) by the number of days you held nxt = your ardor estimated balance.

And the wallet displays the amount of actual ardor you have and updates it 2 times a day.

Videodrome

hero member

Activity: 588

Merit: 503

Free Julian Assange

A simple question :

if i have some days with zero nxt balance how this affect my final balance of ardor?

thanks

ja23

hero member

Activity: 753

Merit: 505

Quote from: freshman777 on August 16, 2016, 01:58:18 AM

Quote from: ja23 on August 15, 2016, 03:38:27 PM

I missed the initial announcement, but just got back into NXT to get some Ardor. There's two months left, so it's not too late. The value should be the NXT + the value or ARDOR. I just still a little confused of how child chains and the I think FNX all works, not being able to really visualize it. Like when I have ARDOR, what's the function of the FNX. (I think that's what it's called.)

Someone should create a video that would make the concept really clear for those just hearing about the concept, else the terms could be hard to understand for anyone casually reading.

Ardor is a forging chain, boss chain over all the child chains. The boss Ardor chain will not have utility functions, its purpose is to oversee that the decentralized consensus is maintained in the network. Functions of boss chain are few: maintaining consensus with forging, sending Ardor between accounts.
You must hold NXT to October 12, 2016 to receive Ardor.

****************** Banner Added For Visualization Wink

****************

FNX is a default child chain. You must hold NXT to Q3 2017 to receive FNX.
Utility functions of child chains are: sending coins, arbitrary messages, asset exchange, voting, marketplace, coin shuffling, data cloud, something else I surely missed because there are too many. More utility functions will likely be added, you should check the Nxt client 1.10.1 in my sig, it's awesome. Apps are built around these utility functions of child chains.

By forging, you mean like mining is for Bitcoin right? In order words, Ardor will be used to "forging" (which would be like mining for those not familiar with NXT) and trading. Right?

barabbas

legendary

Activity: 1162

Merit: 1000

Very strong support for NXT at around 5k. Big buying walls there could (emphasis on "could") point to a new significant spike as the countdown to snapshots ending reaches 8 more weeks... It's going to be interesting.

HCLivess

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=== NODE IS OK! ==

the "you should check out NEM" comments of suckers left behind on seemit make me want to puke

jacaf01

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Activity: 742

Merit: 500

The revolutionary trading ecosystem

Quote from: ja23 on August 15, 2016, 03:38:27 PM

I missed the initial announcement, but just got back into NXT to get some Ardor. There's two months left, so it's not too late. The value should be the NXT + the value or ARDOR. I just still a little confused of how child chains and the I think FNX all works, not being able to really visualize it. Like when I have ARDOR, what's the function of the FNX. (I think that's what it's called.)

Someone should create a video that would make the concept really clear for those just hearing about the concept, else the terms could be hard to understand for anyone casually reading.

I will support your call for video tutorial on how the child chains do really work, too many to consume for we non technical crypto followers

freshman777

sr. member

Activity: 406

Merit: 250

Quote from: ja23 on August 15, 2016, 03:38:27 PM

I missed the initial announcement, but just got back into NXT to get some Ardor. There's two months left, so it's not too late. The value should be the NXT + the value or ARDOR. I just still a little confused of how child chains and the I think FNX all works, not being able to really visualize it. Like when I have ARDOR, what's the function of the FNX. (I think that's what it's called.)

Someone should create a video that would make the concept really clear for those just hearing about the concept, else the terms could be hard to understand for anyone casually reading.

Ardor is a forging chain, boss chain over all the child chains. The boss Ardor chain will not have utility functions, its purpose is to oversee that the decentralized consensus is maintained in the network. Functions of boss chain are few: maintaining consensus with forging, sending Ardor between accounts.
You must hold NXT to October 12, 2016 to receive Ardor.

****************** Banner Added For Visualization Wink

****************

FNX is a default child chain. You must hold NXT to Q3 2017 to receive FNX.
Utility functions of child chains are: sending coins, arbitrary messages, asset exchange, voting, marketplace, coin shuffling, data cloud, something else I surely missed because there are too many. More utility functions will likely be added, you should check the Nxt client 1.10.1 in my sig, it's awesome. Apps are built around these utility functions of child chains.

ja23

hero member

Activity: 753

Merit: 505

I missed the initial announcement, but just got back into NXT to get some Ardor. There's two months left, so it's not too late. The value should be the NXT + the value or ARDOR. I just still a little confused of how child chains and the I think FNX all works, not being able to really visualize it. Like when I have ARDOR, what's the function of the FNX. (I think that's what it's called.)

Someone should create a video that would make the concept really clear for those just hearing about the concept, else the terms could be hard to understand for anyone casually reading.

m4nki

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Activity: 1039

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Ardor looks promising. Looking forward to it a lot.

wolffang

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Nxt / Ardor Real Life Use Cases
https://steemit.com/cryptocurrency/@g-dubs/the-nxt-cryptocurrency-and-real-life-use-cases

Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 184. (Read 396062 times)