Ardor update: ARDR Live price, price chart, news and markets

The ARDR price update as of now is $0.1043. In the previous 24 hours, its trading volume was $13,095,939, and its value has increased by 0.33%. As of now, ARDR's live market cap is $104,092,836, and it is ranked as the #355 on the Coincu. ARDR has a circulating supply of 998,466,231 and a maximum supply of 998,466,231.

Introducing Ardor (ARDR)

Ardor (ARDR) is a revolutionary blockchain infrastructure platform that offers businesses and organizations the opportunity to leverage blockchain technology without the need for custom solutions.

With a focus on security and decentralization, Ardor provides a main chain along with child chains designed for various applications across different sectors. Originally built on the NXT blockchain, Ardor has overcome scalability, customization, and blockchain bloat issues and has transitioned to its own independent blockchain.

Ardor's target customers include public institutions, businesses, corporations, research institutions, and financial service providers who can benefit from its cutting-edge features and capabilities.

Understanding Blockchain as a Service (BaaS)

The applicability of blockchain technology goes beyond cryptocurrencies and finds use in secure transaction settlement across industries.

Blockchain-as-a-service (BaaS) refers to a third-party that creates and manages cloud-based networks, enabling businesses to develop blockchain applications. Acting as a web server, BaaS handles the backend for blockchain-based platforms and applications.

Exploring Ardor's Subchains

In addition to the main chain, Ardor offers subchains that provide a range of features and benefits for businesses. By offloading common blockchain concerns onto the main chain, subchain creators can focus on building their products and services.

Key features of Ardor's subchains include:

• Performing blockchain transactions
• Support for trading real and virtual goods/services
• Facilitating anonymous and decentralized voting
• Cloud storage with timestamps
• Interoperability with other subchains on the Ardor platform
• Creation of monetary systems with specific functions
• Configurable openness of subchains for any account to use

Main Highlights of the Ardor Project

Revolutionary Architecture Design

Ardor's two-chain architecture empowers businesses to develop products and services tailored to their specific requirements.

Reliability and User-Friendliness

Ardor benefits from the expertise of the highly experienced team behind the NTX project. The platform is developed in Java, the most widely used language for commercial applications, ensuring reliability and ease of use.

Rapid Setup Time

Ardor offers quick setup time and extensive customization capabilities, making it the perfect choice for businesses looking to implement blockchain technology without dedicated blockchain development resources.

Energy-Efficient Solution

Through the utilization of the Proof of Stake consensus algorithm, Ardor eliminates mining competition, resulting in minimal energy consumption and significant cost savings on hardware.

Efficient Blockchain Solution

Confirming transactions on subchains allows for their removal from the blockchain, ensuring a more compact and efficient blockchain overall.