What Is Ardor (ARDR)?
Ardor (ARDR) is a decentralized blockchain project based on the open-source NXT code. It’s designed to be a Blockchain-as-a-Service (BaaS) marketplace to compete with tech giants like Microsoft’s Azure marketplace and even IBM’s Hyperledger Fabric. The platform supports multi-chain connectivity and Java smart contracts, helping it improve scalability over older blockchains.
Who Is Ardor?
Both Ardor and NXT blockchains were created by Jelurida, a company co-founded by Petko Petkov, Kristina Kalcheva, and Lior Yaffe.
Use Cases of Ardor
Ardor already has several child chains, including Ignis, AEUR, Bitswift, and MPG/Max Crowdfund. Each supports a different use case, including payment transfers and token distribution. The use cases are technically only bound by third-party development support.
How to Mine ARDR
ARDR can not be mined. Like NXT (which the team also created), Ardor uses Proof-of-Stake (PoS) interest-bearing scheme to distribute funds.
Notable Ardor Partners and Investors
Parent company Jelurida has several partnerships, including Blonde2.0, Tel Aviv Capital, Creatip, and Henkel. The team is constantly seeking new use cases, partners, and child chains.
Learn More About Ardor
If you want to learn more about Ardor, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.