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Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 65. (Read 395970 times)

member
Activity: 148
Merit: 93
I was reading the Ardor white paper. On page 18 (forging vs bundling) it says


Quote
Collect fees from child chain transaction senders, in native child chain coins

Quote
Pay fees to the forgers, in order to have their child chain block included in an Ardor block


What does „to pay fees to the forgers“ mean? Does it mean that the child chain token fees are paid to the forgers?

Or rather that the child chain fees are paid to a central instance (let's call him operator) of the child chain which collects the fees, propagates the bundled child chain transactions to the network and pays the forgers with Ardor token?

The second one. Just there will be no central instance, as bundler can be anybody, having some ARDR in order to included bundled transactions into main ARDR chain.

So every participant of the child chain who owns Ardor token can be the bundler? How is the bundler then determined which propagates the bundled child chain transactions?

Everything in the whitepaper is pretty straightforward for me, to this point.

First question- yes.
Second question- one of the criteria is the lowest bundler fees.

Okay thanks. One last question on this topic. How do you qualify as a Bundler? Do you have to explicitly enable this and to provide a childchain token fee to ask in order to be qualified as a Bundler?
hero member
Activity: 1022
Merit: 504
GoMeat - Digitalizing Meat Stores - ICO
IgNis now are being swapped from Nxt . This is just the beginning and it turns out to be more exciting than I thought. So many supporters from Nxt community are eager to experience this blockchain-as-a-service mania.
member
Activity: 111
Merit: 10
Latest update: #Bittrex just announced support for the $IGNIS #Airdrop!
Thank you @BittrexExchange!
https://support.bittrex.com/hc/en-us/articles/115003571832-Statement-on-Ignis-IGNIS-airdrop-to-Nxt-NXT-holders

Hi Sir, Do you know if Bittrex will support the Ardor swap, or do we have to move the Ardor tokens to the NXT wallet?


           Huh

They will support the swap, don't worry. If you want to make sure you can check their twitter and / or send a support ticket to be 100% sure. There is still time anyways. Smiley
sr. member
Activity: 1181
Merit: 259
Latest update: #Bittrex just announced support for the $IGNIS #Airdrop!
Thank you @BittrexExchange!
https://support.bittrex.com/hc/en-us/articles/115003571832-Statement-on-Ignis-IGNIS-airdrop-to-Nxt-NXT-holders

Hi Sir, Do you know if Bittrex will support the Ardor swap, or do we have to move the Ardor tokens to the NXT wallet?


           Huh

Bittrex will support the Ardor swap, the link to the article was pasted within the last few pages on this forum.
newbie
Activity: 30
Merit: 0
Latest update: #Bittrex just announced support for the $IGNIS #Airdrop!
Thank you @BittrexExchange!
https://support.bittrex.com/hc/en-us/articles/115003571832-Statement-on-Ignis-IGNIS-airdrop-to-Nxt-NXT-holders

Hi Sir, Do you know if Bittrex will support the Ardor swap, or do we have to move the Ardor tokens to the NXT wallet?


           Huh
legendary
Activity: 1162
Merit: 1005
Latest update: #Bittrex just announced support for the $IGNIS #Airdrop!
Thank you @BittrexExchange!
https://support.bittrex.com/hc/en-us/articles/115003571832-Statement-on-Ignis-IGNIS-airdrop-to-Nxt-NXT-holders
legendary
Activity: 1162
Merit: 1005
Hello everyone, I am holding my Ardor tokens right now on the same wallet that I hold NXT (NXT Wallet), I seen somewhere that everyone who owns Ardor on the nxt wallet will receive the same amount of Ardor Coins? Do I move them to Ardor Wallet or leave them still on NXT Wallet ? I am a bit lost here. So my tokens will convert to coins? or what.

https://nxtwiki.org/wiki/FAQ#IGNIS_Airdrop_FAQ
newbie
Activity: 44
Merit: 0
Hello everyone, I am holding my Ardor tokens right now on the same wallet that I hold NXT (NXT Wallet), I seen somewhere that everyone who owns Ardor on the nxt wallet will receive the same amount of Ardor Coins? Do I move them to Ardor Wallet or leave them still on NXT Wallet ? I am a bit lost here. So my tokens will convert to coins? or what.
legendary
Activity: 1162
Merit: 1005
I was reading the Ardor white paper. On page 18 (forging vs bundling) it says


Quote
Collect fees from child chain transaction senders, in native child chain coins

Quote
Pay fees to the forgers, in order to have their child chain block included in an Ardor block


What does „to pay fees to the forgers“ mean? Does it mean that the child chain token fees are paid to the forgers?

Or rather that the child chain fees are paid to a central instance (let's call him operator) of the child chain which collects the fees, propagates the bundled child chain transactions to the network and pays the forgers with Ardor token?

The second one. Just there will be no central instance, as bundler can be anybody, having some ARDR in order to included bundled transactions into main ARDR chain.

So every participant of the child chain who owns Ardor token can be the bundler? How is the bundler then determined which propagates the bundled child chain transactions?

Everything in the whitepaper is pretty straightforward for me, to this point.

First question- yes.
Second question- one of the criteria is the lowest bundler fees.
legendary
Activity: 3080
Merit: 1083
Has anyone else gotten a mysterious JLRDA asset transfer in their account? I did not buy any JLRDA tokens yet they just appeared today in my account out of the blue. Is Jelurida doing a token air drop to forgers?

There's no official JLRDA asset (the JLRDA token sold in the ICO is a currency in the Nxt Monetary System). Nor is Jelurida doing any air drops other than the ones resulting from the official NXT snapshot in December 28.

In short: scam, ignore them.

That's what I figured too. Thanks for confirming.

-edit- Holy crap, I just checked the Monetary System section and 99+% of all the currencies are scams!
member
Activity: 148
Merit: 93
I was reading the Ardor white paper. On page 18 (forging vs bundling) it says


Quote
Collect fees from child chain transaction senders, in native child chain coins

Quote
Pay fees to the forgers, in order to have their child chain block included in an Ardor block


What does „to pay fees to the forgers“ mean? Does it mean that the child chain token fees are paid to the forgers?

Or rather that the child chain fees are paid to a central instance (let's call him operator) of the child chain which collects the fees, propagates the bundled child chain transactions to the network and pays the forgers with Ardor token?

The second one. Just there will be no central instance, as bundler can be anybody, having some ARDR in order to included bundled transactions into main ARDR chain.

So every participant of the child chain who owns Ardor token can be the bundler? How is the bundler then determined which propagates the bundled child chain transactions?

Everything in the whitepaper is pretty straightforward for me, to this point.
sr. member
Activity: 460
Merit: 250
Has anyone else gotten a mysterious JLRDA asset transfer in their account? I did not buy any JLRDA tokens yet they just appeared today in my account out of the blue. Is Jelurida doing a token air drop to forgers?

There's no official JLRDA asset (the JLRDA token sold in the ICO is a currency in the Nxt Monetary System). Nor is Jelurida doing any air drops other than the ones resulting from the official NXT snapshot in December 28.

In short: scam, ignore them.
legendary
Activity: 3080
Merit: 1083
Has anyone else gotten a mysterious JLRDA asset transfer in their account? I did not buy any JLRDA tokens yet they just appeared today in my account out of the blue. Is Jelurida doing a token air drop to forgers?
legendary
Activity: 1162
Merit: 1005
I was reading the Ardor white paper. On page 18 (forging vs bundling) it says


Quote
Collect fees from child chain transaction senders, in native child chain coins

Quote
Pay fees to the forgers, in order to have their child chain block included in an Ardor block


What does „to pay fees to the forgers“ mean? Does it mean that the child chain token fees are paid to the forgers?

Or rather that the child chain fees are paid to a central instance (let's call him operator) of the child chain which collects the fees, propagates the bundled child chain transactions to the network and pays the forgers with Ardor token?

The second one. Just there will be no central instance, as bundler can be anybody, having some ARDR in order to included bundled transactions into main ARDR chain.
sr. member
Activity: 460
Merit: 250
HitBTC joins Freewallet and AEX in full support of the Ardor launch, including ARDR token transition (from Nxt asset to independent chain token), and the 0.5 IGNIS per 1 NXT airdrop on the next 28th of December, for users holding NXT/ARDR in their platform.

https://blog.hitbtc.com/statement-on-the-upcoming-btc-hard-forks-and-ignis-airdrop/?utm_source=media&utm_medium=twitter&utm_campaign=btc_and_ignis

More exchanges should be giving confirmations shortly.
member
Activity: 148
Merit: 93
I was reading the Ardor white paper. On page 18 (forging vs bundling) it says


Quote
Collect fees from child chain transaction senders, in native child chain coins

Quote
Pay fees to the forgers, in order to have their child chain block included in an Ardor block


What does „to pay fees to the forgers“ mean? Does it mean that the child chain token fees are paid to the forgers?

Or rather that the child chain fees are paid to a central instance (let's call him operator) of the child chain which collects the fees, propagates the bundled child chain transactions to the network and pays the forgers with Ardor token?
newbie
Activity: 23
Merit: 0
Cant wait until the January release. Ardor is going to go up like crazy because of how many will be trying to exchange all their NXT for Ardor. Might be smart to exchange some now before the price drops out on NXT.

I don't think many people will be trading NXT for Ardr before January because NXT holders will be receiving IGNIS for NXT in the airdrop.  If anything, people will be exchanging their other coins for ARDR AND NXT!
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