Ardor Cryptocurrency (ARDR) Coin is a blockchain-as-a-service platform that will allow people to utilize the blockchain technology of NXT through the use of child chains. Since all processing will be done on the Ardor Cryptocurrency main chain, child chain creators won’t need to worry about common issues when creating a blockchain as well as securing it with enough nodes. Child chains will be able to utilize features currently seen in Nxt such as decentralized phasing, voting, and trading, as well as be able to interact with other child chains on the platform, including IGNIS, the first child chain to be launched.
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Blockchain as a Service!
For the first time Ardor will make it possible to great your own child chains inside the Ardor ecosystem. Just think about all the possibilites of greating your own child chain and not just an asset or coin.
Just take a look at NXT. All the features that NXT has will also be available for the Ardor child chains:
Aliasing: Initiate transactions with easy names. All aliases will end with a period preceeding the name of the child chain.
Data Cloud: Store data securely right on the blockchain. This can be either public or private and is time stamped.
Account Control: Restrict access to an account or prohibit transactions without approval by multiple parties.
Monetary System: Create customizable monetary system tokens in addition to the child chain native token.
Secure Messaging: Send encrypted messages and files without a centralized system.
Setting Ardor apart from the rest
Ardor’s features have made this platform a very powerful upgrade when compared with other blockchains. Nevertheless, the fact that Ardor has the capability to share different encrypted messages with other parties is, in itself, a game-changing advancement.
With the Ardor platform comes the following features.
Separating the security token from all the operational tokens
Doubtlessly, the Ethereum platform is very similar—but it is not at all close to all the tech abilities that Ardor brings to the table. And one last big Ardor feature, which has proven to be truly revolutionary, has been the implementation of the child chains. These child chains have the impressive potential and stop the blockchain to suddenly disrupt an entire industrial landscape.
This program does not rely on mining whatsoever—and that is the biggest advantage in terms of cost and time. And the security of this blockchain comes from the hierarchy that is established with the help of the parent-child token ARDR. Each of the child-chain tokens are meant to be used as the transactional value.
Summarizing Ardor: The final point
The Ardor test network is open. The key purpose of this is to enable users to test all the features of this blockchain so that the development team can simply optimize the entire platform. This optimization will go from the mainnet launch that took place in the third quarter of 2017—these optimizations and final tweaking will add to the platform’s robustness. Further, by establishing the child chains, the users will be able to leverage the true potential of this blockchain.