- Ardor is the latest in the growing field of contenders for blockchain as a service BaaS providers. - Ardor provides the #blockchain-infrastructure for businesses and institutions to leverage the strengths of blockchain technology without having to invest in developing custom blockchain solutions. - Instead, Ardor offers a main chain that handles blockchain security and decentralization plus customizable child chains that come ready to use, right out of the box, for various business applications. - Ardor goes beyond Nxt to solve critical issues of blockchain bloat, scalability, and customization.Nxt is a well respected, verified, and established blockchain technology with a comparatively long history and an experienced development team. - However, as blockchain usage increases over the coming years Nxt, and other blockchain technologies, will face some fundamental problems with payments, scalability, and customization. - The first and most straightforward problem is the use of native tokens for transaction fees. - Nxt uses a forging proof of stake system, meaning that the total token supply has already been created and new tokens aren’t created with each block. - Instead, the forgers that verify the blocks receive a portion of the transaction fees paid on the network. - As such, the transaction fees need to be paid in NXT, even if you’ve created a new currency that’s independent of Nxt, you’ll still need to own NXT in order to pay miners, diluting the value of your own currency. - To test Ardor’s capabilities and serve as an example of an operating child chain, the Ardor developers have created Ignis. - Ignis will implement all of the customizable features that come from the Nxt code base. - Essentially, Ignis will be a proof of concept and could be the first of many more child chains on the Ardor platform. - The Ignis ICO recently raised $15 million in funding for development. - In the future, Ardor child chains could be used to create equity trading platforms, digital file transfer services, private enterprise blockchain applications, and many more use cases. - Ardor’s strengths are quick time to setup and wide customizability, making it a great option for companies looking to leverage blockchain without the resources to dedicate to custom development.Ardor has many architectural advantages. - One of them and perhaps the most influential one is that it has been created using Java; one of the most widespread programming languages in the world today. - This is definitely a step in the right direction seeing as it becomes ten times easier for a commercial application to succeed if the development language is one which most programmers can relate to..
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