What about ethereum? they seem professional...but just read about the hack so i'm not too sure of that now... seems like smart contracts has its flaws. how is ardr going to be any different?
What is the reason why NXT decided to create a child chain? Isn't NXT enough already or is there a technical reason why? Could this be a sort of "reboot" for marketing purposes.
In a glance this looks like a move driven by marketing reasons since NXT really went anywhere in that regard.
Running a blockchain is costly and many entities don't have the expertise.
They would like to use a blockchain to solve various problems and not worry about security, blockchain maintenance, volatile coin rates. In Nxt 2.0 they will get specialized blockchains with custom features, for instance they can peg their custom blockchain token to one USD or cowry shell, or their custom blockchain will be feature tailored to their specialized usage. It's a blockchain as a service thing. They will pay block fees to the global network of ARDOR token holders when they must make a hashes record of their custom child chain operations into the main chain. It's a 'focus on your job without all the worries that come with running a blockchain' customer-oriented solution. Transactional throughput will grow manyfold.
So how is Ardor different to the other blockchain platforms like Ethereum, Lisk and Waves? And why do you think a company should choose to use Ardor over the 3 mentioned?
Nxt and Ardor very specifically did not go for scriptable Smart Contracts. There are several reasons for not doing so:
1. You have no way of controlling the quality of the code. This can lead to unfortunate results and create huge problems.
2. A large portion of the market has need for out of the box solutions, not custom ones. Nxt and Ardor offer hardcoded and modular Smart contracts (or smart transactions) which are tested and secure. For most SME's these cover a lot of use cases and are more cost effective.
3. Lisk is still in development: Nxt already works, and has been operational for 2,5 years. Ardor will use the same tech. If a company wants to use software that's tested and tried, it should go to Nxt or Ardor (depending on the use case).
4. Waves is also still in development. Same argument as before. The idea might be sound, there is no way to predict now whether it will pull off its promise.
The child chain architecture is unique to Ardor. Lisk and Waves do not have it, neither does Ethereum. Bloat is a problem that all of them have and Ardor is the system that is concentrating on it.
i am buying nxt after i read on the link you share. but i hope this will not be like ETH and ETC or DAO, because this will make market confusing and i see the rate of nxt is up but still its really slow but sure. i think its a good movement from nxt although i do not understand as much as people on here. so keep continue and make a new step. good luck
In Ethereum there are
smart contracts, anyone can execute code of various levels of reliability and (in)security.
In Nxt1.0 and Nxt2.0 (Ardor) you have
smart transactions.Smart transactions of Nxt go through rigorous testing before they are released to production. Secure smart transactions are building blocks for blockchain applications. In the end, Nxt smart transactions cover almost all the use cases that you can program with Ethereum, the difference is you can be sure the platform is safe for mission critical apps and basic use of saving hard earned cash.
The other difference, Ethereum has loads of money for marketing themselves, so everyone and their mother went to chase it.
