Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 196. (Read 395841 times)

Why? Is there a reason why we should be laughing? I think it is still too high to get in at these price. I am still awaiting for it to go down and have a fair bargain before buying.

The price made me laugh out loud this morning 

its no ICO how distrubuted ardor coin
how i can develop coin via ardo or nxt project development
nxt same open soucer equal xcp or not
if yes i wan to ask how develop coin in there
thank you

Now I understand clearly. This is an elegant solution if you do not want to start over and lose the original NXT. This also good as a sort of revival if you want user interest to come back.

Thank you for your reply.

The bounty is for your average guy forging. The nodes are a different bounty. So you can set up a node and get 2 bounties for 1

is this bounty only for hallmarked nodes with fixed IP?

5 good reasons to invest in the ICO of ICO's - ICO OpenLedger (ICOO.io)
https://steemit.com/ccedk/@bloggersclub/5-good-reasons-to-invest-in-the-ico-of-ico-s-ico-openledger-icoo-io

Poloniex accumulates them for you.
The question is will they give them to you? They said they would, but you have to trust them on that. If they renege on the promise for some reason, nobody can help you get your Ardor coins.

On the other hand, if you store coins in your Nxt wallet, it's trust-free. Links to wallets are in my signature.

But do you really want to take that chance? Do you really think they will go through the trouble of making sure you get 100% every coin you deserve?

Yes.

Yep, you can run a full Nxt (or Ardor) node on a Solar powered Odroid or Raspi!

https://twitter.com/AvdiuSazan/status/756816182632734720

Do I accumulate ARDR if I hold my NXT in an exchange - Poloniex?

Lior Yaffe, Nxt Core Developer Lecture Advanced Concepts in Blockchain Design July 27, 2016 http://www.meetup.com/bitcoin-il/events/232620342/

Don't forget about the 5 million bonus nxt for forgers.

https://nxtforum.org/general-discussion/5-million-nxt-bounty-for-nxt-ardor-forgers/200/

I hear people talk about ardor on the poloniex troll box but they do not know much about the 5 million nxt forging bounty, and they don't know about the fnx distribution after ardor.

The reasons for Ardor are in this document by Jean-Luc: https://nxt.org/nxt-2-0-overview/

The main reasons are scalability and versatility for blockchain creators and business development.

This can not be done with the current Nxt architecture (although you are right it can do a lot!).

In Nxt 1.0 you need to pay fees with Nxt, even when building a service that doesn't need to be involved with Nxt at all.

For instance, users of NAUT need to pay fees in NXT. That is confusing and what's more: unnecessary.

In Ardor, this will no longer be needed and an effect of our solution is that we can keep the size of child chains very small compared to older blockchain types.

Barabbas' questions:

- A child chain is a blockchain that is part of the Ardor platform. They are the blockchains that record transactions, and submit them to the main Ardor chain for confirmation.

- Payment is two-fold. Users of a child chain pay to child chain transaction bundlers (in the child chain token). These bundlers pay to the main Ardor chain stakers (in Ardor).


- Some features, like a real open BaaS platform are new. Other features are not, as Nxt pioneered most of them and will continue them in this new platform. As to "Smart Contracts", Nxt refused them years ago on the grounds of introducing levels of complexity that are considered not in balance with their usefulness. Nxt and Ardor instead opt for transactions that handle most common usable functions, which are tested and secure and can be combined safely into more complexity.

I'm no expert, but I will try it:

Child chains are comparable to the currencies of the actual Monetary System. They can be used, for example, for bonus points for companies, gift-card systems, steem-like content monetization systems, or in-game currencies.

But they have two very important advantages: All present "monetary system" solutions require transaction fees to be paid in the base currency (e.g. NXT or NEM). With child chains, the fees are paid by a so-called "bundler", who adds the childchain transactions to the main chain. So participants of these currencies can pay fees in their child currency, or not pay any fees at all (e.g. if the bundler is the issuer company and decides to pay the Ardor fees without demanding a fee in the childchain token).

The second, and even larger, advantage is that child chain transactions can be pruned, so most nodes must only save the lightweight Ardor main blockchain.

Child chain issuers probably will have to pay a "issuance fee" like the creators of actual "Monetary system currencies". Child chain users normally will have to pay transaction fees in the child chain currency to the "bundler" (see above) so the bundler can benefit from it. This creates an incentive to actually do the "bundling" work, which does not only waste resources but also fees in the Ardor currency. But as I said above, I think that companies can opt to not require fees from users if the child currency benefits them, e.g. from a marketing point of view (in the case of bonus points, in-game currencies from commercial games ...).


That they are limited and mostly hard-coded, so the possibility of bugs like the DAO desaster is much lower (almost inexistent) because they can be tested much more thoroughly and are much less complex. It's actually a system that puts less emphasis in flexibility, but more on security, more bitcoin-like than ethereum-like.

@bbcreporter: it is about scalability and preventing blockchain bloat. outsourcing all the beautiful functions of nxt that are not relevant for network security to childchains allows to prune the history of these much used smart transactions. the mainchain will only keep snapshots of each account's holdings of the childchaintoken, not the complete transaction history of these tokens. this leads to less blockchain bloat. less bloat also means that more transactions per second will be possible, because you can use the saved memory space to increase blocksize.

Why is there a need for Ardor features in a childchain? Why not make these features in NXT itself? Is there a technical reason for this? My overall question is what made the NXT developers create Ardor when the features can be added in NXT? Is there really a need for Ardor?

Ardor is about childchains, it can not be done on top of present NXT, it's completely and fundamentally different. All NXT 1.0 features will be on the first childchain, while other childchain creators could choose which features from NXT 1.0 they need.

Won't running another layer on top of NXT have issues in the performance of the platform if the usage will go higher and higher? Why not just develop Ardor's new features in NXT? I am sure it can be done.