| ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 88.

d5000

legendary

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Decentralization Maximalist

Quote from: swansong on September 13, 2017, 12:16:08 AM

as far as i understand Ardor is a platform (parent chain) and Ardor as coin has less features. On the other hand ignis is a child chain in Ardor Platform with lots of features?

so what is the purpose of having Ardor as a coin in the Ardor Platform? Does Ardor miners earn fees or something for every transaction being made in child chains?

You are right with all your statements: Ardor is a token created for "consensus" purposes only. The "minters" earn (pretty expensive) Ardor transaction fees when the "child chain" bundlers bundle transactions into it. "Child chains" are not really blockchains: they are a chained list of transactions called "ChildChainBlock" transactions that are bundled into the main "Ardor" chain.

This "two-tier" design has two purposes:
- first, it allows to create coins (as "child chains") where the transaction fees can be paid in the child chain currency (the concept has been descibed as "Monetary system done right", when it was presented)
- second, it allows a very interesting pruning mechanism. Only the first 1440 blocks of every child chain must be validated by all nodes, the rest is "pruned". That is possible without security drawbacks only because the Ardor main chain (validated completely by all nodes) and its "forgers" are making sure that the ChildChainBlock transactions are legitimate (containing, for example, no double spends).

So the ARDR system is able to process, with the same bandwidth/storage cost resources, about 30 times more transactions than the old Nxt system.

R-J-F

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AKA RJF - Member since '13

Quote from: forkedchain on September 11, 2017, 04:22:03 PM

Quote from: dx5 on September 08, 2017, 04:12:41 PM

NXT is like a good brand name, shouldn't there be more of a connection in the name of ARDR. I'm reading this thread and it just feels like something negatives. Just my thoughts on someone who hasn't been following NXT and ARDR.

as someone else who has followed NXT since nov 2013, im right there with you. i really wish they have somehow referenced NXT in there somewhere, somehow. oh well

ar·dor
ˈärdər/Submit
noun
enthusiasm or passion.
"they felt the stirrings of revolutionary ardor"
synonyms: passion, fervor, zeal, vehemence, intensity, verve, fire, emotion; More

It works but your right, NXT was easy...

swansong

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could someone tell me what is Ardor as a coin?

i googled and read alot about it but still have questions.

as far as i understand Ardor is a platform (parent chain) and Ardor as coin has less features. On the other hand ignis is a child chain in Ardor Platform with lots of features?

so what is the purpose of having Ardor as a coin in the Ardor Platform? Does Ardor miners earn fees or something for every transaction being made in child chains?

thanks

Wysi

sr. member

Activity: 1638

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Quote from: ?? on ??

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ThomasVeil

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Oh, ok lol - 10 million now.
Whale-bite Wink

ThomasVeil

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A little heads up: After the first two rounds were all sold out within the hour... now with the 3rd round (sub-round 3 or round 3 to be preciset) there are 16 million coins left in the sale offer. So it's easier to get this time.

Either download the wallet (most secure way... you can get the nxt blockchain here), and use the "Ignis Token Sale" button, or do it via the Nxt lightwallet.

On Thursday will be the last sub-round with the current price of 0.76 NXT per IGNIS. Next round is 1.05.

MoneyJ

hero member

Activity: 1022

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GoMeat - Digitalizing Meat Stores - ICO

This platform is a darkhorse. Ardor slowly inches its way to realization of Blockchain-as-a-Service platform. In the future its compatibility with ERC20 tokens will have a leverage over other platforms that is offering BaaS.

OnTheMoon

hero member

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Quote from: martismartis on September 08, 2017, 08:41:15 AM

Quote from: sheld0n on September 08, 2017, 07:07:28 AM

I am dealing with Ardor at the moment and some question arose. I would be grateful if someone could answer.
First of all, can Ardor be seen as a real competitor to Ethereum in the way of scaling and smart contracts? When I understood correctly, Ardor will allow to create Dapps. Will the Dapps be run on their own sidechain and can they deployed on the main chain? Which language will be available to create Dapps (Java, Javascript, an own programming language as Solidity)?

At first, Ethereum do not have scaling solution. Nxt do not have smart contracts, instead it has smart transactions (phased), which are some kind of templates for some special conditions are met.
Ardor will have child chains (not sidechains, more you can read here: https://www.jelurida.com/child-chains-and-side-chains). Child chains will have own token, all features Nxt has now and all API.
Arodr main chain will be used only for whole platform securing (forging), not much will happen here, while all action will be on child chains.
I'm not a developer. but there are planty of API to deal with Ardor blockchain, so any language, dealing with API requests, can be used. You can check available Ardor testnet API's at https://ardor.jelurida.com/test

A good explanation, look forward to Ardor platform release. Bought some coins, Ardor has good prospects to be a successful and popular platform to many new child chains.

forkedchain

newbie

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Quote from: dx5 on September 08, 2017, 04:12:41 PM

NXT is like a good brand name, shouldn't there be more of a connection in the name of ARDR. I'm reading this thread and it just feels like something negatives. Just my thoughts on someone who hasn't been following NXT and ARDR.

as someone else who has followed NXT since nov 2013, im right there with you. i really wish they have somehow referenced NXT in there somewhere, somehow. oh well

RubenBC

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Click the pic to join the latest newsletter, contribute to spread the word Grin

dx5

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NXT is like a good brand name, shouldn't there be more of a connection in the name of ARDR. I'm reading this thread and it just feels like something negatives. Just my thoughts on someone who hasn't been following NXT and ARDR.

martismartis

legendary

Activity: 1162

Merit: 1005

Quote from: sheld0n on September 08, 2017, 07:07:28 AM

I am dealing with Ardor at the moment and some question arose. I would be grateful if someone could answer.
First of all, can Ardor be seen as a real competitor to Ethereum in the way of scaling and smart contracts? When I understood correctly, Ardor will allow to create Dapps. Will the Dapps be run on their own sidechain and can they deployed on the main chain? Which language will be available to create Dapps (Java, Javascript, an own programming language as Solidity)?

At first, Ethereum do not have scaling solution. Nxt do not have smart contracts, instead it has smart transactions (phased), which are some kind of templates for some special conditions are met.
Ardor will have child chains (not sidechains, more you can read here: https://www.jelurida.com/child-chains-and-side-chains). Child chains will have own token, all features Nxt has now and all API.
Arodr main chain will be used only for whole platform securing (forging), not much will happen here, while all action will be on child chains.
I'm not a developer. but there are planty of API to deal with Ardor blockchain, so any language, dealing with API requests, can be used. You can check available Ardor testnet API's at https://ardor.jelurida.com/test

sheld0n

sr. member

Activity: 322

Merit: 250

I am dealing with Ardor at the moment and some question arose. I would be grateful if someone could answer.
First of all, can Ardor be seen as a real competitor to Ethereum in the way of scaling and smart contracts? When I understood correctly, Ardor will allow to create Dapps. Will the Dapps be run on their own sidechain and can they deployed on the main chain? Which language will be available to create Dapps (Java, Javascript, an own programming language as Solidity)?

Sowik

sr. member

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True, Ardor has potential. Lets see what happens after October tho. The price will go up fo sure.

BitcoinArsenal

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Thank you, I welcome this kind of article. It is always difficult to get information on how projects differ from each other. The article shows that Ardor is an overwhelming competitor to many other projects and is therefore significantly undervalued. For investors with less technical knowledge, this is a great way to inform yourself. I hope you will compare other projects with Ardor as well.

Quote from: apenzl on September 06, 2017, 04:47:52 AM

Ardor vs the competition

1st in this new article series: LISK
https://www.nxter.org/ardor-vs-competition-pt-1-lisk/

You can get a free blog on nxter.org, contact us with serious proposals on nxter.org or DM me. Bounties for frontpage content.

martismartis

legendary

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Nxt v1.11.9 has been released!
https://bitbucket.org/Jelurida/nxt/downloads/
https://nxtforum.org/nrs-releases/nrs-v1-11-9/

d5000

legendary

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Decentralization Maximalist

Quote from: Asyifiah on September 08, 2017, 03:49:45 AM

usually if ARDR increases NXT demand will follow ARDR, the increase usually starts from but this time is not.
Trading transaction volume is also more ARDR than NXT.
why in the last few days ARDR is superior to NXT ?

It's simple: You will get gradually less Ignis for every NXT. From 0.4 NXT in the first round the IGNIS ICO price has already risen to 0.76 NXT in the third. So the Ignis/NXT ratio is going up, and NXT/Ignis, in consequence, goes down. NXT/Ignis is now at 1.31, and it will go further down to 0.5 until the snapshot, where you get 1 Ignis for 2 NXT.

Also, the developers are selling the NXT collected in the ICO.

ARDR is not affected by this, because it was already distributed and has a static supply of 1 billion. So the ARDR/NXT exchange rate is projected to go up.

selectnumber123

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It was my first contact with digital currency，I derived considerable wealth from here
A low-key, steady, practical, worthy of long-term pursuit

Asyifiah

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Enterapp Pre-Sale Live

usually if ARDR increases NXT demand will follow ARDR, the increase usually starts from but this time is not.
Trading transaction volume is also more ARDR than NXT.
why in the last few days ARDR is superior to NXT ?

MoneyJ

hero member

Activity: 1022

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GoMeat - Digitalizing Meat Stores - ICO

Quote from: habraken on September 02, 2017, 02:22:22 AM

Regular users won't have to deal with or see Ardor. All the fancy Nxt features will be on Ignis.
And with a basic transaction fee of 10 Ardor, trading Ardor on-chain will be rather expensive.

10 Ardor as a transaction fee is high. For executing transaction in the blockchain, hodlers or rather forgers of Ardor will be making hay with this set up . So much profitable if you ask me.

Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 88. (Read 396054 times)