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Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 206. (Read 396062 times)

legendary
Activity: 1498
Merit: 1117
yeah, lets try version 1.9.2.
and after that just wait and try to forget my NXT again.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
do i need to hold NXT on my wallet or it can be on Polo?

Short answer: You can, but you shouldn't.

Long answer: Poloniex is one of the exchanges that have agreed to distribute ARDR to their users. But there are many possibilities it could go wrong. NXT on an exchange are only IOUs, and ARDR assets are the same. So if the exchange goes bankrupt (until October it's much time in the altcoin exchange world) you wouldn't see anything.

Another possible problem is that if you trade the NXT in the snapshot period, then it is possible that the exchange will calculate the ARDR the wrong way. That must not even be caused by bad intentions: Let's suppose you have a trading bot that trades small price swings, and it just happens that at most of the hourly snapshot intervals you are "in fiat". The exchange could then say "Ah, but you didn't have NXT at the moment of the hourly snapshot.", and they would be totally right to not distribute you the amount of ARDR you expected.
legendary
Activity: 1120
Merit: 1003
do i need to hold NXT on my wallet or it can be on Polo?
From what I understand Polo will be working with NXT to distribute the tokens to exchange holders..
member
Activity: 98
Merit: 10
do i need to hold NXT on my wallet or it can be on Polo?
hero member
Activity: 770
Merit: 500
sr. member
Activity: 406
Merit: 250
So if you create a wallet at https://wallet.mynxt.info/ and send nxt to it.
The Ardor will be sent the as well, right?

Yes.
legendary
Activity: 1092
Merit: 1000





Website looks great.

So if you create a wallet at https://wallet.mynxt.info/ and send nxt to it.
The Ardor will be sent the as well, right?

Tried to download the full client but it takes very long, can this be speed up?
legendary
Activity: 1205
Merit: 1000
Interesting!
But when snapshot will be made?
Snapshots will start be taken on an hourly basis, starting on July 14th to October 12th. So you have 3 days before the start. Be sure to download the latest client: https://nxt.org

Good luck snapping!  Wink
member
Activity: 77
Merit: 10
http://www.wanbizu.com/xinbi/201607107156.html
The Chinese are taking notice of Ardor!

It's good that the Chinese are noticing it. The new ardorplatform website is only in English at the moment. If it had a Chinese version it could encourage greater adoption of Ardor by Chinese people. If they hear about it on wanbizu and want more information from ardorplatform.org they have to go through Google translate until there's a Chinese version of ardorplatform.org.

https://www.ardorplatform.org/
hero member
Activity: 796
Merit: 529
Interesting!
But when snapshot will be made?
newbie
Activity: 12
Merit: 0
Good job with the Ardor website. It looks clean and professional.

What I miss on this site is a NXT download link (or at least I didn't see it). There is a link to nxt.org and the forum, but what I would suggest is a direct link to the download page and a little section talking about it. Perhaps it is intended to focus on the "get ardor on exchanges" call to action link, but I think it's very important to point out that at least the technologically savy of the future NXT 2.0/Ardor users should move their NXT / ARDR to a wallet they control. You could also offer a link to the web wallet for non-techies.

I think this is a great idea as well.
sr. member
Activity: 361
Merit: 250
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Good job with the Ardor website. It looks clean and professional.

What I miss on this site is a NXT download link (or at least I didn't see it). There is a link to nxt.org and the forum, but what I would suggest is a direct link to the download page and a little section talking about it. Perhaps it is intended to focus on the "get ardor on exchanges" call to action link, but I think it's very important to point out that at least the technologically savy of the future NXT 2.0/Ardor users should move their NXT / ARDR to a wallet they control. You could also offer a link to the web wallet for non-techies.
hero member
Activity: 770
Merit: 500
hero member
Activity: 770
Merit: 500
hero member
Activity: 672
Merit: 500
Damelon, the site is very informative.  Good job.  Keep it up.
hero member
Activity: 770
Merit: 500
legendary
Activity: 1092
Merit: 1010
Marenkar has just finished the first version of our newest site https://www.ardorplatform.org/!

The site is at this moment meant as an easy way into Nxt and thus into Ardor.


It has counters, and points to the exchanges where people can buy Nxt as well as a link to Bitpanda, where you can send people who want to buy Nxt with fiat.

The site will be expanded over time, and ideas are always welcome.

Share it! https://twitter.com/NxtCommunity/status/751726444254986240
hero member
Activity: 910
Merit: 1000
I will just hodl my nxt and once my node finished downloading the blockchain I'll  have my balance leased so it may continue earning.
legendary
Activity: 3164
Merit: 1506
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.

Thanks for the reply. I shall be following your approach and model of a smart contracts platform. Follow up question, with your model, how do you think would it scale better vs the likes of the 3 platforms mentioned? I believe scalability is a big issue in all decentralized platforms.
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