What Is Ardor (ARDR)?

Ardor (ARDR) is an open-source platform catering to multiple blockchains. Open-source is when a source is available for everyone to use and modify. Ardor aims to create a network that can resolve the problems of existing blockchain technology. Scalability is also one of the goals that the platform plans to incorporate through innovative solutions. Scalability is a system's ability to increase (or decrease) performance.

Ardor seeks to introduce a parent-child system to achieve scalability and problem-solving. With Ardor as the parent chain, the platform aims to provide network security and processing of transactions. The aim is to present the other functionalities for conducting business to the ‘child’ blockchains.

The functionalities include marketplace, asset exchange, data cloud, and many more. According to its whitepaper, the parent-child architecture gives the advantages of reducing the blockchain burden, introducing multiple transactional tokens and hosting new blockchains.

The parent-child model allows the inclusion of transactions on a child chain in the parent chain through a bundling system. Bundling is a process of grouping many child transactions into a parent chain. So, the aim is to employ individual child tokens for transactions. The platform seeks to operate child chains within the main or parent network.

ARDR is the token offering of the platform or the parent chain. The platform aims to use ARDR to generate new blocks and for consensus. With individual coins for child chains, Ardor seeks to remove the dependency of single tokens. Therefore, Ardor aims to employ two systems:

• Forgers (Forging) – To create transactions chain blocks for ARDR tokens. Forgers have the power to decide on the transactions to include in a partnership.

• Bundlers – To create transaction blocks for child-chain transactions. Bundlers collect order values in individual child tokens.

The platform aims to use Proof of Stake as a consensus mechanism for transactions. The aim is to reduce hardware requirements and to make the transaction process energy efficient.

With a unique parent-child infrastructure, Ardor aims to provide a network that can overcome the challenges of blockchain. The platform aims to reduce the burden and increase scalability by employing the parent-child infrastructure.

History of Ardor (ARDR):

Ardor is a product of Jelurida, a Swiss company specializing in blockchain software development. The launch of Ardor was in the year 2017. The team comprises fifteen members, with Tomislav Gountchev and Lior Yaffe as directors. Kristina Kalcheva and Petko Perkov are the co-founders, along with Tomislav Gountchev.