Ardor (ARDR) is a blockchain-as-a-service (BaaS) provider that provides the blockchain infrastructure for businesses and institutions to set up their own chains without any need to code or secure it themselves. It has a parent-child chain architecture, comprised of a single chain that is attached with multiple transactional chains, so as to reduce blockchain bloat, provide multiple transactional tokens and host interconnected ‘child chain’ blockchains. Ardor also has a built-in exchange to facilitate the easy exchange of tokens of the various chains.
What Is Ardor?
Ardor is the latest in the growing field of contenders for blockchain as a service (BaaS) providers. It 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. It provides customizable child chains that come ready to use, out of the box, for various business applications.
The developers of Ardor are the same company behind the open source Nxt project. Ardor goes beyond Nxt to solve critical issues of blockchain bloat, scalability, and customization.
First, we should take a detailed look at Ardor, its foundations in Nxt, and its first child chain project Ignis. While the project holds a lot of potential for driving blockchain as a service to new levels of usability and accessibility, its success likely depends on the amount of traction the development team can generate for early applications. Nxt has struggled to gain the widespread adoption the developers had hoped for, outside of some significant examples like BNP Paribas and Accenture, and Ardor presents a turning point for the development team to generate excitement.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.