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Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 216. (Read 396062 times)

sr. member
Activity: 392
Merit: 250
Looking for shmexy coins!
Why is this getting such low attention here? It's a great opportunity to get into a new project and the team is top notch.
legendary
Activity: 1092
Merit: 1010
For those wishing to test, here is experimental release 1.9.1e.
It fixed a UI bug in 1.9.0e.

https://nxtforum.org/nrs-releases/nrs-v1-9-1e/

We're very happy to get such a positive response to Ardor and we trust we'll deliver a good platform.

If you are or have a business and would like more information about Ardor and the possibilities of Child Chains, please send me a PM Smiley
legendary
Activity: 1092
Merit: 1010
Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?

No, value in assets does not count, only balance of NXT in account.

What is about the supernet Asset. A lot of users thought that the Supernet Asset was build to support the newest Ideas of NXT.
Now, the biggest and newest Idea is presented and Supernet wouldn't be mentioned. Or did i miss something?

Supernet has it's own roadmap.

Supernet has mostly cut its direct ties to Nxt and is not dependent on Nxt.

They are their own project and make their own decisions.
legendary
Activity: 1162
Merit: 1005
Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?

No, value in assets does not count, only balance of NXT in account.

What is about the supernet Asset. A lot of users thought that the Supernet Asset was build to support the newest Ideas of NXT.
Now, the biggest and newest Idea is presented and Supernet wouldn't be mentioned. Or did i miss something?

Supernet has it's own roadmap.
newbie
Activity: 37
Merit: 0
Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?

No, value in assets does not count, only balance of NXT in account.

What is about the supernet Asset. A lot of users thought that the Supernet Asset was build to support the newest Ideas of NXT.
Now, the biggest and newest Idea is presented and Supernet wouldn't be mentioned. Or did i miss something?
legendary
Activity: 1162
Merit: 1005
Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?

No, value in assets does not count, only balance of NXT in account.
sr. member
Activity: 310
Merit: 250
In Crypto I trust.
Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?
legendary
Activity: 1092
Merit: 1010
1.9.0e released!

https://nxtforum.org/nrs-releases/nrs-v1-9-0e/

Key points from the changelog:

Quote
This is an experimental release. It is a required update for all testnet nodes,
optional for main net.

This release enables taking multiple snapshots of accounts NXT balances, every
60 blocks, for a period of 90 days, and distributing an ARDR token based on the
average of those balances, at the end of the snapshot, to be used for the Ardor
consensus chain token distribution in Nxt 2.0.


On testnet, the snapshot will start at block 649400 and end at block 779000
(June 24).
On mainnet, the snapshot will start at block 870400 (expected July 14) and end
at block 1000000 (Oct 12).

Quote
To get your ARDR tokens, it is essential that you keep your NXT balance in your
own account.
There is no need to run a node or forge. It is the confirmed NXT
balance that is used for the snapshot, not the unconfirmed (available) balance,
so having some NXT locked in open AE bid orders, shufflings, etc, will not
affect your ARDR distribution. For balances on exchange accounts, it will be up
to each exchange to handle the re-distribution of the ARDR tokens that will get
automatically sent to the exchange account at snapshot end.

On the quote above: the Nxt Foundation will be in contact with exchanges to help out with this process. Will keep you updated.

hero member
Activity: 840
Merit: 500
Twitter: @FedKassad
A lot of game theory in this market for the next few months. I am in!
sr. member
Activity: 448
Merit: 250
It's a win win for the current NXT price as well those that want to get into Ardor. I bought a little myself. Will there be any type of ICO on top of the rewards for NXT holders?

No, it was discussed and decided this would just not be right to do.

While an ICO might help the team, it just cannot be justified for the devs.

We're very actively pursuing other sources of funding like technology grants and the like, but we'll not tax the users with an ICO.

As you can see in the plan though is that 50% of the first child chain will be retained for IT and business development for now: https://bitcointalksearch.org/topic/ann-announcing-nxt-20-ardor-1483227

This is a child chain, so no tokens on the main chain will be given to the devs or any organisation. The only way to acquire those is by just holding Nxt.

This makes a lot of sense. I would recommend adding NO ICO to the subject for clarification.
legendary
Activity: 1092
Merit: 1010
It's a win win for the current NXT price as well those that want to get into Ardor. I bought a little myself. Will there be any type of ICO on top of the rewards for NXT holders?

No, it was discussed and decided this would just not be right to do.

While an ICO might help the team, it just cannot be justified for the devs.

We're very actively pursuing other sources of funding like technology grants and the like, but we'll not tax the users with an ICO.

As you can see in the plan though is that 50% of the first child chain will be retained for IT and business development for now: https://bitcointalksearch.org/topic/ann-announcing-nxt-20-ardor-1483227

This is a child chain, so no tokens on the main chain will be given to the devs or any organisation. The only way to acquire those is by just holding Nxt.
sr. member
Activity: 448
Merit: 250
It's a win win for the current NXT price as well those that want to get into Ardor. I bought a little myself. Will there be any type of ICO on top of the rewards for NXT holders?
legendary
Activity: 1428
Merit: 1001
getmonero.org
So to clarify, Ardor is the name of NXT 2.0? What will happen to 1.0 after Ardors launch, will it still be maintained? And if so by who?

OP states:

"After Ardor has launched, Nxt 1.0 will remain active and supported. Nxt 1.0 is the giant on which Ardor is built and it will remain running as a core component of the Nxt eco-system, functioning as a complete blockchain solution in its own right, as well as assisting in the development and refinement of the Ardor blockchain platform."
full member
Activity: 238
Merit: 100
I love NACHOS
So to clarify, Ardor is the name of NXT 2.0? What will happen to 1.0 after Ardors launch, will it still be maintained? And if so by who?
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC

This is a rare product in crypto world. It actually makes a lot of sense.

(DIsclaimer: yes, I bought some)
sr. member
Activity: 283
Merit: 250
Sounds very interesting. Always thought NXT was a real cool technology, this seems like a great way going forward! Will follow closely.
sr. member
Activity: 321
Merit: 252
That is a very ambitious project. I wish the team around Ardor great success!
legendary
Activity: 1092
Merit: 1010
Just to be clear, the "Blockchain as a Service" thing is the child chains you previously talked about in NXT 2.0 right?

This is child chains, yes.

Have you communicated with the exchanges for the snapshot? Or the only way is by keeping NXT in our wallets?

We'll update about this once we have this completely clear. We are contacting the exchanges, yes.
We'll give you clear communication about this.
legendary
Activity: 1428
Merit: 1001
getmonero.org
Have you communicated with the exchanges for the snapshot? Or the only way is by keeping NXT in our wallets?
sr. member
Activity: 330
Merit: 250
Just to be clear, the "Blockchain as a Service" thing is the child chains you previously talked about in NXT 2.0 right?
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