Ardor Never Got It's Time In The Sun. Are We Looking At A Sleeping Giant?

in steemleo •  6 years ago 

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Ardor was born on my birthday , the 1st January. The only down side was the year it was launched. 2018. The month Bitcoin and all the other alts went into freefall. I was excited about Ardor and so were many blockchain enthusiasts. So what is Ardor? It is hard to explain from my pea brain but I will try while referencing their whitepaper while I go. In order to explain we have to talk about Nxt. Ardour was developed from the Nxt Blockchain which is made by tech company Jelurida. Jelurida are good at this, very good in fact. Nxt was the first blockchain protocol to use an entirely Proof-of-Stake consensus mechanism. This had many benefits but the main one was that the power consumption is very low considering bitcoin is using more energy than Switzerland. The Nxt blockchain has also never had a systematic failure, not once. 100% uptime. It is also open source which has many benefits. However it did have its problems. Cloning issues, blockchain bloat and a single token use made them start thinking about how they did things. They came up with a solution which is basically allowing child chains to function under the same network yet to operate separate to each other.

The unique parent-child chain architecture of Ardor, with a single security chain and multiple transactional chains, enables
three fundamental advantages - reducing blockchain bloat, providing multiple transactional tokens,and hosting ready-to-use interconnected blockchains.

This is a platform that has solved the scaling issues that Ethereum are having. When Ardor launched , its first childchain launched also. This is called Ignis. Ignis inherited all the features of Nxt. Other chains have launched since such as Bitswift, Aeur and Max Property Groups.

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So enough with the technical mumbo jumbo and lets get into the investments and fun side of things. Ardor is currently trading at 9 cent (euro) a coin. Keep it in the official Ardor wallet and if you hold more than 1000 of the coins, you can start forging. You can hook your raspberry pi up to a tv and let Ardor forge away in the background which means mining basically. The more Ardor you hold then the more chance you have of forging a block. This can be profitable if you do have a hefty quantity of Ardor. You don't need lots of mining equipment to do that. Just a simple old raspberry pi.
Not one crypto expert has dissed Ardor. Quite the opposite in fact as quite a few know it is a sleeping giant. It just never had a time to shine. With Bitcoin increasing again Ardor is stirring and so is Ignis. They have never seen the dizzy heights of the other alt coins but maybe now is its time to shine. A better platform than Ethereum is 9 cent a coin. I will just leave that there. My bags are packed. I never once thought on selling this one. Everyone has a moon coin that when it hits you can have financial freedom. This is my one but I am no financial advisor so don't blame me if it goes from 9 cent to 8 cent.😜

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I've never come across Ardor... but like the 'parent-child' idea. I'll take a look into the project, thanks! I recent did a post on Pi Chain you may wish to read - essnetially free crypto at the moment for having an app on you phone.

Thanks a million I will look into it. A couple of us are big in Chainlink as well. You may look that up. It just hit coinbase.

Ahh, that must be why it's been pumping a lot recently!

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correct.

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