Whitepapers Ardor ARDR White Paper Explained Summary

Ardor ARDR White Paper Explained Summary

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Ardor ARDR White Paper

Summary:

-Ardor is a blockchain-as-a-service-platform that evolved from the time-tested Nxt blockchain.
-It is currently successfully running on a testnet and will be launched in Q4 2017.
-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.
-To kickstart the Ardor project and allow it to compete with the rapidly-growing blockchain market, the development team behind Nxt and Ardor decided to conduct a crowdsale for 50 % of IGNIS – the token of Ignis, the first Ardor child chain.
-Jelurida will be the corporate entity that will be responsible for the development of Ardor and Nxt platform.
-The Ignis child chain will be completely unrestricted and decentralised with all features and functionality which currently exist on the Nxt blockchain.
-Multiple additional child chains can be created on the Ardor platform for various organizations, such as public entities, enterprises, consortiums, research institutions, and financial service providers.
-The platform technological innovations make it possible for large corporations and SMEs to have a child chain with ready-to-use features, instead of creating their own blockchain and developing features from scratch.
-Child chains can be implemented in a cost-efective way without compromising their security, which is guaranteed by the parent Ardor chain.

Explained – Ardor ARDR White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Ardor ARDR white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Ardor (ARDR).

Lets understand Ardor (ARDR) after going through the Ardor ARDR white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Ardor ARDR White Paper

Ardor ARDR white paper will be going to provide you, all the information that is needed to get started with Ardor (ARDR), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Ardor (ARDR).

Introduction

Ardor is a blockchain-as-a-service-platform that evolved from the time-tested Nxt blockchain. It is currently successfully running on a testnet and will be launched in Q4 2017.

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.

To kickstart the Ardor project and allow it to compete with the rapidly-growing blockchain market, the development team behind Nxt and Ardor decided to conduct a crowdsale for 50 % of IGNIS – the token of Ignis, the first Ardor child chain.

Jelurida will be the corporate entity that will be responsible for the development of Ardor and Nxt platform. The Ignis child chain will be completely unrestricted and decentralised with all features and functionality which currently exist on the Nxt blockchain.

Multiple additional child chains can be created on the Ardor platform for various organizations, such as public entities, enterprises, consortiums, research institutions, and financial service providers.

The platform technological innovations make it possible for large corporations and SMEs to have a child chain with ready-to-use features, instead of creating their own blockchain and developing features from scratch. Child chains can be implemented in a cost-efective way without compromising their security, which is guaranteed by the parent Ardor chain.”

White Paper Link: Ardor (ARDR) White Paper

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