Ardor: The Blockchain Platform for Scalable and Interoperable Child Chains
Ardor (ARDR) is a blockchain platform that allows users to create and operate their own child chains, which are independent and customizable blockchains that inherit the security and features of the parent Ardor chain. It also enables cross-chain communication and transactions between different child chains and the Ardor chain. In this post, we will explore the features, trends, updates, analysis, and outlook of Ardor and its native token ARDR.
Coin Introduction and Features
Ardor was founded in 2016 by Jelurida, a company that also developed Nxt, one of the first pure proof-of-stake blockchain platforms. The white paper for Ardor was published in September 2016, and the token sale was launched and completed in October 2016, raising over $15 million in NXT. The mainnet of Ardor launched in January 2018, after a successful testnet phase.
Ardor’s core technology is a parent-child chain architecture that separates the core functions of the blockchain from the specific applications and use cases. The parent Ardor chain provides the security, consensus, and interoperability for the whole network, while the child chains have their own native tokens, smart contracts, data storage, and features. The child chains can also communicate and transact with each other and the Ardor chain, using a unique bundling mechanism that reduces the blockchain bloat and increases the scalability.
Ardor’s native token is ARDR, an ERC-20 utility token that powers the Ardor network. ARDR is used to pay for the fees and services on the network, such as creating a child chain, bundling a transaction, or accessing a feature. ARDR is also used for staking to run an Ardor node, which is a node that participates in the network and earns rewards. ARDR holders can also participate in the governance of the network through the Ardor DAO, which controls network parameters and upgrades.
Market Analysis and Trends
ARDR is currently trading at $0.09537 USD with a 24-hour trading volume of $5,379,126 USD1. It has a circulating supply of 998,999,495 ARDR coins and a max. supply of 998,999,495 ARDR coins1. It ranks #422 on CoinMarketCap with a market capitalization of $95,275,574 USD1.
ARDR has experienced significant price fluctuations in the past year, reaching a high of $0.4899 USD on February 12, 2021 and a low of $0.0129 USD on March 13, 20201. The price movements of ARDR are influenced by various factors, such as:
- The demand and supply of scalable and interoperable blockchain solutions and the adoption of Ardor’s platform and child chains.
- The development and innovation of Ardor’s technology and protocol, especially the integration with other platforms and protocols, such as Ethereum, Chainlink, and Uniswap.
- The competition and collaboration with other projects and platforms in the blockchain and crypto space, such as Cosmos, Polkadot, and Cardano.
- The regulatory and legal environment and the compliance of blockchain and crypto services with different jurisdictions and standards.
- The sentiment and behavior of the crypto community and the general public towards blockchain and crypto and Ardor.
Project Updates
Ardor is constantly working on improving its platform and protocol, as well as engaging with its community and partners. Some of the recent updates and announcements from Ardor are:
- Ardor 3.0 Release: Ardor announced the release of version 3.0 of its platform and protocol in March 2021, which introduced new features and enhancements, such as support for decentralized identifiers (DIDs), verifiable credentials (VCs), and zero-knowledge proofs (ZKPs). The release also enabled the migration of ARDR tokens from ERC-20 to native tokens on the Ardor network.
- Ardor x Chainlink: Ardor announced the integration with Chainlink, a leading decentralized oracle network, in April 2021, enhancing the security and reliability of Ardor’s child chains and smart contracts. The integration enables Ardor to leverage Chainlink’s network of secure and tamper-proof oracles to provide verifiable and up-to-date data and events to the child chains and smart contracts, while ensuring the privacy and consent of users. Ardor and Chainlink will also collaborate on developing and promoting blockchain-based solutions and applications for various use cases and industries2.
- Ardor x Uniswap: Ardor announced the launch of ARDR on Uniswap, a popular decentralized exchange, in May 2021, increasing the liquidity and accessibility of ARDR tokens. The launch also coincided with the release of a new liquidity mining program, which rewards ARDR holders for providing liquidity to the ARDR/ETH pool on Uniswap. The program aims to incentivize the participation and growth of the Ardor community and ecosystem3.
Analysis and Recommendations for Investments
Ardor is a promising project that aims to provide a blockchain platform for scalable and interoperable child chains. It offers a unique and innovative solution for creating and operating independent and customizable blockchains that inherit the security and features of the parent Ardor chain. Ardor enables users to enjoy a flexible and versatile user experience, as well as to leverage the benefits of blockchain technology, such as transparency, immutability, and interoperability.
ARDR is a valuable token that enables users to access and benefit from Ardor’s platform and protocol. It also represents a stake and a voice in the governance of the network, as well as the potential integration with other platforms and protocols. ARDR holders can look forward to the development and innovation of Ardor’s technology and protocol, as well as the growth and support of the Ardor ecosystem.
Therefore, we recommend ARDR as a good investment for long-term holders who believe in the vision and potential of Ardor and blockchain and crypto services. However, we also advise investors to do their own research and due diligence, as well as to be aware of the risks and uncertainties involved in the crypto market.
Outlook and Community Response
Ardor has a positive outlook for the future, as it continues to develop and innovate its platform and protocol, as well as to expand and engage its community and partners. Ardor has a clear roadmap and vision for 2021 and beyond, which includes:
- Ardor Child Chain Expansion: Ardor plans to launch more child chains on its platform, covering various use cases and industries, such as gaming, social media, finance, healthcare, and education. Ardor will also collaborate with more partners and institutions in the blockchain and crypto industry, such as governments, enterprises, and NGOs.
- Ardor Protocol Upgrade: Ardor plans to upgrade its protocol to version 4.0 in Q4 2021, which will introduce new features and enhancements, such as support for sharding, state channels, and layer-2 solutions. The protocol upgrade will also enable the interoperability and communication between Ardor and other blockchain networks and applications, such as Ethereum, Polkadot, and Cosmos.
- Ardor Ecosystem Growth: Ardor plans to grow and support its ecosystem of users, developers, and partners, who will use and contribute to Ardor’s platform and protocol. Ardor will also foster the development and innovation of blockchain-based solutions and applications for various use cases and industries, such as Ardor DApp, Ardor Chain, and Ardor DApp Store.
Ardor has a positive community response, as it has a loyal and active fan base, as well as a strong and reputable team and advisors. Ardor has over 100,000 followers on Twitter, over 20,000 members on Telegram, and over 10,000 subscribers on Reddit1. Ardor also receives positive feedback and recognition from various media outlets, industry experts, and influencers, such as CoinMarketCap, CoinGecko, and Coinbase.