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ARDOR

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Ardor
File:ARDOR logo.svg
Developer(s)Jean-Luc, Lior Yaffe
Initial release1 January 2018; 21 months ago (1 January 2018)
Stable release
2.0.14 / 14 February 2018; 20 months ago (14 February 2018)
Repositorybitbucket.org/Jelurida/ardor/src
Written inJava
Engine
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Operating systemLinux, Windows, macOS
TypeBlockchain
LicenseJelurida Public License
Websitewww.jelurida.com

Overview[edit | edit source]

Ardor is an open-source, permissioned blockchain-as-a-service platform written in Java and launched by Amsterdam-based Jelurida on 01 January 2018[1][2][3]. Ardor continues NXT’s 5-year legacy by tackling “blockchain bloat[4][5][6][7]." It was ranked as a top 10 performing digital asset in 2017 by the World Economic Forum[8].

Jelurida decided to separate the functionalities of NXT into two separate buckets – security and advanced functions. From there, they restructured the blockchain almost as a key ring. Ardor sits at the center as the “parent chain” – and it is responsible solely for the security and validation of all transactions across the “child chains” beneath it[9]. The advanced functionalities and built-in smart transactions (akin to pre-tested, securely coded, and instantly deployable smart contracts) of NXT were cloned into Ardor’s first child chain, Ignis[10][11][12]. Public users can now put together transactions on the Ignis child chain, and then submit data for validation by the Ardor parent chain. At the end of 2018, pruning of child chain transactions will begin to occur[13][14]. The ongoing development of this ecosystem is funded by the more than $15 million of funds raised by Jelurida in their 2017 ICO[15].

Cloning and customization of the Ignis source code is an option for businesses and developers after paying licensing fees to Jelurida[16]. For example, the launch of the AEUR child chain, a euro-pegged asset provided through ArdorGate and Mistertango Bank, occurred in February 2018[17][18].

Child Chain Functions[edit | edit source]

Ignis, the first child chain, inherited the same built-in smart transactions and functionalities from the NXT platform. Some of these features include[19][11][20][21]:

-      Transferable Assets (i.e. shares, tokens)

-      Voting and Poll Management

-      Phased and Multi-signature Payments

-      Data storage, Document and Media Authenticity Validation and “Time-stamping”

-      Aliases

-      Marketplaces

-      Encrypted Messaging

The platform’s source code is publicly available for testing and audits; however, anyone seeking to clone Ignis or launch customized child chains must go through a licensing process with Jelurida[22].

Pros and Cons of Parent / Child Chain Architecture[edit | edit source]

Blockchain interoperability, making different blockchain protocols compatible with one another, has been considered a “holy grail” for cryptocurrencies[23]. In the Ardor ecosystem, each child chain is secured by Ardor’s parent chain. This, in turn, means each child chain is compatible with every other child chain – creating an ecosystem of interoperability for businesses, applications, and services operating within it[24][25]. Note that this does not allow child chains in the Ardor ecosystem to complete cross-protocol "atomic swaps." Just as Microsoft won the race to offer “plug and go” office suite solutions with standard, secure features and interoperability between other businesses – Jelurida is seeking to offer the blockchain equivalent through the Ardor ecosystem[26][27].

Another benefit of this architecture is around fees. Since none of the data validation is happening directly on child chains, fees for the users of a particular child chain can be set to 0. Of course, each child chain transaction must still be validated by the Ardor parent chain. This structure allows businesses and owners of child chains to purchase batches of Ardor up front to cover "bundles" of network transactions on their child chain - creating an opportunity to hedge against the risks of day to day price volatility the cryptocurrency market is known for[28][29].

The most prominent competitor to Ardor’s unique architecture is likely to come in the form of “Side Chains,” which continue to gain the endorsements of high profile cryptocurrency developers[30]. However, as of February 2018, none of these projects have launched a functioning product. Furthermore, side chains require businesses to handle their own validation and security. Ardor’s child chains are ready to use out of the box, with no extraordinary network security burdens placed on the 3rd party[24].

Notable Events[edit | edit source]

  • Jelurida - Only Blockchain Finalist at 4YFN Startup Competition at Mobile World Congress 2018[31]
  • Jelurida Partner for Public Sector Use Case in Austria with A-Trust[32]
  • E-government, E-sports, and E-gaming on Jelurida Platforms with Danube University Krems[33]
  • Accenture Demos Ardor Voting Modules[34]
  • BNP Paribas Using NXT Blockchain Since 2016[35]

References[edit | edit source]

  1. "Block Explorer-Genesis Block". Ardor Tools - Blockchain Explorer.
  2. Butcher, Mike. "In Israel, a blockchain and crypto hyper-cluster is just getting started". TechCrunch. Retrieved 2018-03-20.
  3. "What is Ardor: Blockchain as a Service, Explained". CoinCentral.
  4. "Ardor White Paper" (PDF).
  5. "What Is Blockchain Bloat?". The Merkle.
  6. "DIY Blockchain? NXT Announces Customizable Ardor Platform". Forbes.
  7. "NXT's Ardor token distribution uses 'snapshot' of existing value in the network". Yahoo News UK.
  8. "WEF Realizing The Potential of Blockchain" (PDF). World Economic Forum - WEF.
  9. "What is Ardor: Blockchain as a Service, Explained". CoinCentral.
  10. "NXT Dev Team's Ardor Blockchain Platform Launches Public Testing Forum". International Business Times.
  11. 11.0 11.1 "What is the Nxt Platform, and What Can It be Used For?". CoinSpeaker.com.
  12. "Blockchain Pumping Life into Stale Business Models". NewsBTC.com.
  13. "Ardor Could Fix Key Blockchain Weaknesses If It Can Get Its Message Out". VentureBeat.
  14. "What are Jelurida, Ardor and NXT?". ForEx News Now.
  15. "Ignis (IGNIS) Climbs Nearly 400% Higher In Just 24 Hours". The USA Commerce.
  16. "Ardor Child Chain Listing Process Explained". Medium.
  17. "Ardorgate and the new AEUR token are now live". CryptoNinjas.
  18. "ArdorGate - About Us". ArdorGate.
  19. "The Birth of Child Chains - Meet NXT, Ardor, and Ignis". CryptoSlate.
  20. "Meet the Modular Toolset Simplifying Blockchain Integration for Companies". FinanceMagnates.com.
  21. "New Ardor Platform by NXT Scalable Blockchain Smart Contracts". AllCoinsNews.com.
  22. "Ardor Child Chain Listing Process". Medium.
  23. "Interoperability: The Holy Grail of Blockchain". Association for Finance Professionals.
  24. 24.0 24.1 "Ardor & Child Chains: A Blockchain 2.0 Innovation, But Is This A Coin We Really Need?". Brian Colwell.
  25. "Ethereum Might Be A Victim Of Its Own Success, See 4 Alternatives Here". Investing.com.
  26. "What is the Nxt Platform, and What Can It be Used For?". CoinSpeaker.
  27. "Ardor Quietly Making Progress in 2018". Stocks Gazette.
  28. "Benefits of Ardor 0 Fee Transactions". Medium.
  29. "Ardor: Technical Report". Decentral Magazine.
  30. "Sidechains: Why These Researchers Think They Solved A Key Piece of The Puzzle". Bitcoin Magazine.
  31. "4YFN Awards Final". 4YFN Official Website.
  32. "Blockchain: A-Trust launches Nxt blockchain-based digital public announcement program". A-Trust Official Website.
  33. "My official - Unoffical - Announcement: Donau Universität Krems - Center for applied game studies - and Blockchain Cooperations with Jelurida (nxt/ardor) and Synereo (AMPS)". SteemIt.
  34. "Demo case: Voting Blockchain Distributed Platform". Youtube Film of Event.
  35. "Il faut déceler les cas d'usage les plus pertinents de la blockchain". Revue Banque.

External links[edit | edit source]


This article "ARDOR" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:ARDOR. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


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