What Is Ardor?

Nov 24, 2022
3 min read

This blog post will cover:

  • About Ardor (ARDR)
  • Where did Ardor (ARDR) come from?
  • What are the advantages of Ardor (ARDR)?
  • What are the disadvantages of Ardor (ARDR)?
  • How to buy Ardor (ARDR) on SimpleSwap?

About Ardor (ARDR)

Ardor is a multichain blockchain platform with a unique parent-child chain architecture. The security of the whole network is provided by the parent Ardor chain while the interoperable child chains have all the rich functionality. This elegant design and access to hybrid user permissioning capabilities are the key to the flexibility necessary for a variety of use cases and opens the door towards mainstream adoption of blockchain technology. Not only that - Ardor is created with scalability in mind and solves many existing industry problems such as blockchain bloat, single token dependency, and the need for easily customizable-yet-compatible blockchain solutions.

Where did Ardor (ARDR) come from?

Ardor is being developed by Jelurida Swiss SA, founded in 2016. The company started upgrading Nxt blockchain system and created Ardor to provide a platform for facilitated and accelerated transactions. The platform obtained a good reputation among users, analysts, investors, and experts. Ardor’s mission is to form a universal, user-friendly, and easy crypto platform facilitating different concepts implementation. Jelurida worked on creating ways to allow each third-party developer to make his own projects. Platform’s authors presented a smart contract technology that is completely different from Ethereum although some parallels are made between them.

What are the advantages of Ardor (ARDR)?

  • All child chains have their own native tokens
    Used as a unit of value and for paying transaction fees, and a variety of ready to use features.
  • Scalability is achieved by pruning off the unnecessary child chain data
    Once they are included in the permissionless Ardor parent chain, preventing the "bloat" of the network.
  • All child chains are connected and share the same source code
    Ensuring ecosystem interoperability that allows child chain token trading to one another in a fully decentralized way and transactions on one child chain to access data or entities on another.

What are the disadvantages of Ardor (ARDR)?

  • There is a lack of integration of the platform with social networks.
  • It takes a lot of time to download updates for the wallet.

How to buy Ardor (ARDR) on SimpleSwap?

Thank you for your attention to this cryptocurrency. If you want to buy ARDR, we recommend you read the instructions and follow these steps on our SimpleSwap platform:

  • For example, you want to swap BTC for ARDR. Select the currency you want to exchange (e.g. BTC) in the first drop-downlist. Then enter the amount you want to swap.
  • Select ARDR in the second drop-down list. You’ll see the estimated amount that you’ll get after the exchange.
  • Click the Exchange button.
  • Enter the Recipient's Address. ARDR will be sent. Be careful and make sure you use the correct address.
  • Create the exchange.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to ARDR exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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