| ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 210.

Yuzu

sr. member

Activity: 368

Merit: 250

Quote from: tyz on June 27, 2016, 12:22:59 PM

As a Nxt investor who has been with Nxt since November 2013 and who has seen all the up and downs of Nxt, I really appreciate the new plans. Although, I do not really understand Ardor fully yet, I definetely will keep my Nxt stake and hope the best for Nxt 2.0. Will watch all the upcoming developments.

This echoes my own sentiment. I've been holding NXT for years now, and I'm really looking forward to any new developments.

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: FXALTareeq on June 27, 2016, 09:34:11 AM

Quote from: Damelon on June 27, 2016, 07:03:08 AM

Quote from: box0211 on June 26, 2016, 11:30:51 PM

- So how is Ardor different from Ethereum Smart Contracts?
- Wouldn't this make NXT and easy pump as all the speculators would want nxt to hop onto the new Ardor platform when it comes out?

Is ardor the only blockchain that can spawn other blockchains within itself? How is that different from every other blockchain that uses a color coin technology?

- Nxt (and Ardor) have decided very specifically not to go the "Smart Contract" route in 2014.
The main reason that was given was that Smart Contracts are open to all kinds of problems, from malicious code to badly written contracts.
I think the last weeks proved that these worries were justified.

Wat Nxt and Ardor do is implement a collection of "Smart Transactions" that are hardcoded into the system and are executed on the system Nodes.
These transactions have been tested and for a lot of use cases are more than enough, especially because they are modular and can be combined into more complex use cases.

So there is much flexibility in what can be done, but it's not completely open like Ethereum.

As far as we know, Ardor is the only blockchain that is able to do this.

You might have overlooked the fact that Burst has already done this i.e. Smarts Contracts via Automated Transactions https://ciyam.org/at/

Just because Ethereum or the DAO has a problem executing them doesn't mean its not viable and can't be done. Burst has proven that it can thus far.

I didn't overlook it, as AT was exactly what I was referring to.
The core devs decided not to implement it and it was after integrated into Burst.

I am not bashing Smart Contracts, just explaining that Ardor and Nxt chose to go another route, with a reason.

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: tyz on June 27, 2016, 12:22:59 PM

As a Nxt investor who has been with Nxt since November 2013 and who has seen all the up and downs of Nxt, I really appreciate the new plans. Although, I do not really understand Ardor fully yet, I definetely will keep my Nxt stake and hope the best for Nxt 2.0. Will watch all the upcoming developments.

Cool man. HODL! Grin

tyz

legendary

Activity: 3360

Merit: 1533

As a Nxt investor who has been with Nxt since November 2013 and who has seen all the up and downs of Nxt, I really appreciate the new plans. Although, I do not really understand Ardor fully yet, I definetely will keep my Nxt stake and hope the best for Nxt 2.0. Will watch all the upcoming developments.

FXALTareeq

newbie

Activity: 28

Merit: 0

Quote from: Damelon on June 27, 2016, 07:03:08 AM

Quote from: box0211 on June 26, 2016, 11:30:51 PM

- So how is Ardor different from Ethereum Smart Contracts?
- Wouldn't this make NXT and easy pump as all the speculators would want nxt to hop onto the new Ardor platform when it comes out?

Is ardor the only blockchain that can spawn other blockchains within itself? How is that different from every other blockchain that uses a color coin technology?

- Nxt (and Ardor) have decided very specifically not to go the "Smart Contract" route in 2014.
The main reason that was given was that Smart Contracts are open to all kinds of problems, from malicious code to badly written contracts.
I think the last weeks proved that these worries were justified.

Wat Nxt and Ardor do is implement a collection of "Smart Transactions" that are hardcoded into the system and are executed on the system Nodes.
These transactions have been tested and for a lot of use cases are more than enough, especially because they are modular and can be combined into more complex use cases.

So there is much flexibility in what can be done, but it's not completely open like Ethereum.

As far as we know, Ardor is the only blockchain that is able to do this.

You might have overlooked the fact that Burst has already done this i.e. Smarts Contracts via Automated Transactions https://ciyam.org/at/

Just because Ethereum or the DAO has a problem executing them doesn't mean its not viable and can't be done. Burst has proven that it can thus far.

HCLivess

legendary

Activity: 2114

Merit: 1090

=== NODE IS OK! ==

Quote from: farl4web on June 27, 2016, 05:16:21 AM

Did you know the legendary creator of Nxt, BCNext has spoken and likes what we are doing with Ardor (Nxt 2.0). Shocked

https://nxtforum.org/core-development-announcements/(ann)-ardor-or-nxt-2-0-a-scalable-child-chain-platform/msg219417/#msg219417

Quote

Just received this out of the blue...

Quote

Address: 1BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a
Message: I am glad to see that Nxt keeps evolving. Good luck!
Signature: G8b5ou0qstF8Mo6LM74NSL+73/YIMkk4cVRjeNz5sKQ1dAIAZdhj43bQJJH1392+ybGTYa63kb1BHO9TbPDFXho=

If you want to verify this: https://www.blocktrail.com/BTC?verifysignedmessage=1

For those who do not recognise this address, this is a message from BCNext, who originally created Nxt.

Glad to know he's still out there, watching. Although I have no idea why he would not line to participate in Hodor

jwiz168

hero member

Activity: 910

Merit: 1000

Nxt , IMO is reliable next to bitcoin. Its asset-token creation function defined what is cryptocurrency 2.0 is. Eventhough Ethereum spearheaded 3.0 with such smart contract capability of block chain. Nxt 2.0 simply would lay down firm foundation of blockchain technology offers to fintech.

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: box0211 on June 26, 2016, 11:30:51 PM

- So how is Ardor different from Ethereum Smart Contracts?
- Wouldn't this make NXT and easy pump as all the speculators would want nxt to hop onto the new Ardor platform when it comes out?

Is ardor the only blockchain that can spawn other blockchains within itself? How is that different from every other blockchain that uses a color coin technology?

- Nxt (and Ardor) have decided very specifically not to go the "Smart Contract" route in 2014.
The main reason that was given was that Smart Contracts are open to all kinds of problems, from malicious code to badly written contracts.
I think the last weeks proved that these worries were justified.

Wat Nxt and Ardor do is implement a collection of "Smart Transactions" that are hardcoded into the system and are executed on the system Nodes.
These transactions have been tested and for a lot of use cases are more than enough, especially because they are modular and can be combined into more complex use cases.

So there is much flexibility in what can be done, but it's not completely open like Ethereum.

As far as we know, Ardor is the only blockchain that is able to do this.

farl4web

legendary

Activity: 1205

Merit: 1000

Did you know the legendary creator of Nxt, BCNext has spoken and likes what we are doing with Ardor (Nxt 2.0). Shocked

https://nxtforum.org/core-development-announcements/(ann)-ardor-or-nxt-2-0-a-scalable-child-chain-platform/msg219417/#msg219417

Quote

Just received this out of the blue...

Quote

Address: 1BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a
Message: I am glad to see that Nxt keeps evolving. Good luck!
Signature: G8b5ou0qstF8Mo6LM74NSL+73/YIMkk4cVRjeNz5sKQ1dAIAZdhj43bQJJH1392+ybGTYa63kb1BHO9TbPDFXho=

If you want to verify this: https://www.blocktrail.com/BTC?verifysignedmessage=1

For those who do not recognise this address, this is a message from BCNext, who originally created Nxt.

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: realm on June 26, 2016, 07:21:24 PM

Quote from: Damelon on June 19, 2016, 02:05:13 PM

At block 1,000,000 on October 12th, 2016, snapshotting will stop, and you'll be allowed to trade your Ardor tokens in NXT 1.9 in preparation for the launch of the Ardor blockchain.

Does that means that someone can get ardors on October 12th 2016 at the exchanges without having nxts, or it will be something like asset trading on the NXT 1.9 blockchain? Sorry for the question ,but I am new to nxt.

After October 12th everyone will receive assets that represent Ardor tokens, they can be freely traded on the Nxt Asset Exchange. Later they can be converted to real Ardor Tokens. I don't know if the assets will be available on exchanges, that is not mentioned yet. Could be a possibility.

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: WhatDisk on June 26, 2016, 10:49:51 PM

just a plan? or ?

No, development already started a few months ago by the core dev team, but this is so new and never done, so it takes time to solve several problems.

wanderffa

full member

Activity: 218

Merit: 250

I am looking forward to NXT 2.0, hoping to have a leap in the development of it

box0211

full member

Activity: 165

Merit: 101

- So how is Ardor different from Ethereum Smart Contracts?
- Wouldn't this make NXT and easy pump as all the speculators would want nxt to hop onto the new Ardor platform when it comes out?

Is ardor the only blockchain that can spawn other blockchains within itself? How is that different from every other blockchain that uses a color coin technology?

WhatDisk

full member

Activity: 153

Merit: 102

just a plan? or ?

statdude

legendary

Activity: 1498

Merit: 1000

watching

realm

sr. member

Activity: 351

Merit: 250

Quote from: Damelon on June 19, 2016, 02:05:13 PM

At block 1,000,000 on October 12th, 2016, snapshotting will stop, and you'll be allowed to trade your Ardor tokens in NXT 1.9 in preparation for the launch of the Ardor blockchain.

Does that means that someone can get ardors on October 12th 2016 at the exchanges without having nxts, or it will be something like asset trading on the NXT 1.9 blockchain? Sorry for the question ,but I am new to nxt.

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: TravelsAsia on June 26, 2016, 02:17:27 PM

Quote from: jwiz168 on June 25, 2016, 04:24:23 PM

Quote from: stenkross on June 25, 2016, 04:11:45 PM

Quote from: TravelsAsia on June 25, 2016, 02:27:04 PM

Quote from: dedmax on June 24, 2016, 05:06:52 PM

Intriguing look forward to see this become notable

Anyone else surprised we haven't seen an even bigger buy-in? People are willing to throw thousands of BTC at unproven ICOs and here we have a major upgrade to an established project.

Not really tbh.
This is not an ICO, and it lacks the high level speculation aspect and potential to make 5-10x amount of money in a very short amount of time, like so many other projects out there.
That seem to be what attracts most interest these days.

You bet its not. It is a reward or incentive hodling NXT. Much like a polymorphic digital asset. Nxt is turning out to be pretty cool. Hope more of this happen in 2.0

I'm still surprised people don't see the long term potential with this approach. They have until mid July to figure it out if they want all the rewards.

It can become Mining 2.0. Many companies/organizations start their own blockchain and all these chains will be 'mined' with Ardor. 'Mining' multiple childchains on the same time.

rytyr

sr. member

Activity: 473

Merit: 251

Good plan for Nxt. I own a little stake and considered to sell. I will wait becuase 2.0 looks good.

Yuzu

sr. member

Activity: 368

Merit: 250

Okay, I think I understand. For me it's basically update my wallet and wait. Ardor won't be distributed until October.

TravelsAsia

sr. member

Activity: 448

Merit: 250

Quote from: jwiz168 on June 25, 2016, 04:24:23 PM

Quote from: stenkross on June 25, 2016, 04:11:45 PM

Quote from: TravelsAsia on June 25, 2016, 02:27:04 PM

Quote from: dedmax on June 24, 2016, 05:06:52 PM

Intriguing look forward to see this become notable

Anyone else surprised we haven't seen an even bigger buy-in? People are willing to throw thousands of BTC at unproven ICOs and here we have a major upgrade to an established project.

Not really tbh.
This is not an ICO, and it lacks the high level speculation aspect and potential to make 5-10x amount of money in a very short amount of time, like so many other projects out there.
That seem to be what attracts most interest these days.

You bet its not. It is a reward or incentive hodling NXT. Much like a polymorphic digital asset. Nxt is turning out to be pretty cool. Hope more of this happen in 2.0

I'm still surprised people don't see the long term potential with this approach. They have until mid July to figure it out if they want all the rewards.

Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 210. (Read 396062 times)