Ardor
Name
Ardor
Summary
Ardor blockchain network is the live multichain “Blockchain as a service”(BaaS) network.
-It was developed in 2016 by its parent company Jelrudia
-Ardor was Co-founded by Lior Yaffe, Petko Petkov and Kristina Kalcheva
-It is based on Nxt technology.
Rating
Symbol
ARDR
Overview
Ardor is based on a unique parent/child chain architecture called Nxt technology. This architecture along with 250+ APIs, various lightweight smart contracts, asset and account controls as well as composite phased controls.It also enables businesses to launch customized block chains called child chains.
Child chains are capable of interfacing with the off-chain databases while it takes advantage of the Ardor Parent chain’s decentralized network of nodes. The use of these nodes allows Ardor to use energy efficient proof of stake security for its protocols.
Historical Price Movement (in INR)
Technology
Ardor’s unique parent/child architecture enables 3 fundamental advantages which are reduced blockchain bloat, Increased scalability and the ability to launch and host ready to use interconnected blockchains.
Ardor uses the proof of stake security consensus for its protocol and its programming language is Java.
The Permissionless ignis child chain was where all the advanced features and abilities of the Nxt technology were implemented. Business and developers are able to use the built in KYC/AML features to run a compliant security token offering.
The network of nodes on Ardor are called bundlers. Bundlers collect transaction fees in the child chain transactions for validation on the parent chain. Five customized bundler templates are built in to enable the Developers to sponsor the transaction fees for only their intended end users, this removes the need for direct interfacing by users with the blockchain
Use of Native tokens in the ecosystem: ARDR is the token of the Ardor blockchain network. ARDR is used to secure the network through a process called “forging”. ARDR’s supply has been distributed and will be limited to that only, therefore forging nodes are awarded rewards from the transaction fees in blockchain transactions.
Token Allocation
The Ardor platform was announced in June 2016 and 100% of the supply was airdropped to Nxt holders on a 1:1 basis
Volume (As of 10th april 2022)
$11,199,556
Total Supply
$998,999,495
Circulating Supply
$998,999,495
Crowd Sales
Ardor received funding from chainfunder and DU capital, there seems to be limited information regarding their funding rounds.
Funding
-
Country
Switzerland
Name of Organization
Jelrudia Swiss SA
Year Incorporated
2017
Registered Address
Lugano, Ticino, Switzerland
Dispute Resolution and Governing Law
Switzerland
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Kristina Kalcheva | Co- Founder, Legal Expert | Sofia University St. Kliment Ohridski- Master’s degree LawSofia University St. Kliment Ohridski- Master’s degree law and international relations | 14Yrs |
| Lior Yaffe | Co-founder and Managing Director | Technion - Israel Institute of Technology - BA,Computer Science | 35yrs |
| Petko Petkov | Co- founder and Blockchain Developer | Sofia University St. Kliment Ohridski- Master’s degree, E-commerce and E businessSofia University St. Kliment Ohridski- Bachelor, Informatics | 20yrs |
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