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Ardor Stock

Ardor

ARDR

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Ardor Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
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Ardor FAQ

{ "q": "about", "a": "Ardor is a multichain blockchain platform that employs a parent-child chain architecture. The security of the entire network is ensured by the parent Ardor chain, while the interoperable child chains possess all necessary functionalities. The team asserts that this design, coupled with access to hybrid user permissioning capabilities, is crucial for providing the flexibility required for various use cases, thereby promoting the mainstream adoption of blockchain technology.\n\nArdor was developed with scalability as a priority, addressing several existing industry challenges such as blockchain bloat, single token dependency, and the demand for easily customizable yet compatible blockchain solutions. Built on Nxt technology, Ardor claims to offer the first pure proof of stake consensus algorithm. Ardor's initial child chain is Ignis.\n\nThe development of all three tokens (ARDR, IGNIS, NXT) is overseen by Jelurida Swiss SA.", "rank": "0" }

What is Ardor?

Ardor is a public blockchain-as-a-service platform that enhances the technology of Nxt to offer a comprehensive solution for scalable blockchain deployment. It features a unique parent-child chain architecture, with the parent Ardor chain maintaining the network's security and integrity, while the child chains offer extensive functionality for diverse applications. This design is crucial in solving major challenges currently faced by blockchain technology, including blockchain bloat, dependence on a single token, and the difficulty of creating customizable yet interoperable blockchain systems. Introduced on January 1, 2018, Ardor aims to facilitate the effortless self-deployment of customized blockchains without the need for coding from scratch. This capability is provided through over 250 APIs that developers can use to create a variety of applications, ranging from financial services to supply chain management. The platform's focus on scalability is exemplified by its innovative child chain feature, which enables the segregation of functionalities across different chains, thereby improving the network’s efficiency and scalability. Ardor distinguishes itself with its consensus mechanism, claiming to be the first to implement a pure proof of stake consensus algorithm. This approach not only reduces energy consumption in comparison to proof of work systems but also enhances security and decentralization. The platform's native tokens, including ARDR, IGNIS, and NXT, are essential within the ecosystem, facilitating transactions, governance, and various functionalities within the Ardor network. The development and maintenance of Ardor and its associated tokens are handled by Jelurida Swiss SA, a company recognized for its dedication to advancing blockchain technology. Ardor's first child chain, Ignis, highlights the platform's versatility and its capacity to support a wide range of applications and use cases. In summary, Ardor represents a substantial advancement towards a more scalable, customizable, and efficient blockchain platform. Its parent-child chain architecture, coupled with a robust suite of development tools and a progressive consensus mechanism, positions Ardor as an attractive choice for developers and organizations aiming to utilize blockchain technology. As with any investment in blockchain technologies, individuals are advised to conduct thorough research to understand the platform's risks and potential. You can find more information about Ardor on Eulerpool.

How is Ardor secured?

Ardor's security is deeply rooted in its innovative parent-child chain architecture, utilizing a 100% proof-of-stake (PoS) consensus mechanism. This architecture not only boosts the platform's scalability but also secures a robust framework for the entire network. The parent chain, Ardor, serves as the backbone, providing security and decentralization, while the child chains offer adaptability and are tailored for various applications, each possessing its native tokens and integrated functionalities. The child chains are interconnected, enabling seamless exchanges of their native tokens on a decentralized platform, enhancing the ecosystem's security by distributing its operations. Moreover, Ardor's utilization of over 250 APIs enables the development of decentralized applications (dApps) and smart contracts, fostering a secure and versatile blockchain environment. Ardor's dedication to security is also demonstrated through its support for features like bundling, which ensures transaction processing across child chains, and compatibility with hardware wallets, offering an additional layer of security for token holders. The platform's design, addressing common blockchain challenges such as blockchain bloat and single token dependency, positions Ardor as a scalable and secure solution for a wide array of blockchain applications. The development and maintenance of Ardor, its first child chain Ignis, and the Nxt blockchain are managed by Jelurida Swiss SA, ensuring continuous improvements and updates to the platform's security measures. This comprehensive approach to security, from its consensus algorithm to its architectural design and developmental oversight, establishes Ardor as a secure and reliable blockchain platform for both users and developers.

What are the potential uses for Ardor?

Ardor is a leading blockchain-as-a-service platform, crafted to streamline and optimize the application of blockchain technology across diverse industries. Its groundbreaking parent-child chain architecture differentiates it in the blockchain landscape, providing a strong foundation for developing and deploying decentralized applications (dApps) and customized blockchain solutions. This architecture ensures network security and maintenance via the parent Ardor chain while offering the flexibility and customization required through its interoperable child chains. The platform operates on a 100% proof-of-stake consensus mechanism, underscoring its dedication to energy efficiency and sustainability. Developed in Java, Ardor provides a familiar and accessible environment for professionals aiming to integrate blockchain technology into their projects. Ardor's functionality extends across various industries, including supply chain management and asset management, among others. Its ability to create and manage decentralized applications makes it a versatile tool for businesses seeking blockchain solutions that are both customizable and compatible with existing operations. The platform is designed to address key industry challenges, such as blockchain bloat, dependency on a single token, and the necessity for scalable blockchain infrastructure. The launch of the first child chain, Ignis, highlights Ardor's capacity to support a wide array of applications and use cases. Managed by Jelurida Swiss SA, the development of Ardor and its tokens (ARDR, IGNIS, NXT) reflects a commitment to ongoing innovation and the expansion of blockchain’s reach. In conclusion, Ardor positions itself as a significant entity in the blockchain space, offering a scalable, efficient, and flexible platform for developing dApps and bespoke blockchain solutions across various sectors. Its distinctive architecture and proof-of-stake consensus algorithm underscore its potential to advance the mainstream adoption of blockchain technology.

What are the significant events that have occurred for Ardor?

Ardor's progression within the cryptocurrency and blockchain sector is characterized by several pivotal milestones that highlight its ongoing evolution and dedication to providing blockchain-as-a-service solutions for businesses and governments. The platform, which utilizes a distinctive parent-child chain architecture, was officially launched on January 1, 2018. This launch marked a crucial phase in Ardor's development, showcasing its capacity to deliver a scalable and efficient blockchain platform. Subsequent to the mainnet launch, Ardor introduced three child chains: Ignis, AEUR, and Bitswift. These child chains are integral to Ardor's ecosystem, each fulfilling distinct roles and purposes, thereby illustrating the platform's adaptability and its capability to accommodate a broad spectrum of blockchain applications. Ignis, the first child chain, is particularly notable for its contribution to enhancing the platform's operational capabilities. Ardor's developmental path has remained closely aligned with its roadmap, which details ongoing updates and enhancements. This commitment to continuous improvement is crucial for sustaining the platform's relevance and efficiency in meeting the changing demands of its users. The platform's design philosophy prioritizes addressing major industry issues such as blockchain bloat, single token dependency, and the necessity for customizable yet compatible blockchain solutions. By basing its technology on the Nxt platform and introducing the first pure proof of stake consensus algorithm, Ardor positions itself as an innovator in the blockchain arena, offering scalable and forward-thinking solutions. The development and management of Ardor, along with its child chains IGNIS and NXT, are managed by Jelurida Swiss SA. This ensures a cohesive and strategic approach to the platform's growth and the expansion of its ecosystem. In conclusion, Ardor's key events encompass its foundational launch, the activation of its child chains, and an unwavering commitment to roadmap-driven development. These milestones mirror Ardor's broader objective of promoting the mainstream adoption of blockchain technology through a versatile, scalable, and user-friendly platform.

Investors interested in Ardor are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.