Ardor (ARDR) — A revolutionary blockchain platform providing Consensus as a Service (CaaS)
In the early days of the internet, making a website was a very tough job and you needed a skilled engineer to make a website for you and needless to say, they used to charge a very hefty price tag. Setting up a server in those days required a very professional networking individual who knew how to set up a server, and connect it to the internet via a public IP address. This whole process was so expensive that only the big enterprises and companies could afford making a website, and maintaining it for the long term bearing all the costs involved.
However, making a website and setting up a server cost a few hundred dollars these days (or even less than that!). This is made possible by tools like WordPress and hosting service providers, which means that you don’t need to code anything and the only thing you need is the familiarity with the tools, and you’re ready to go. This is called a ‘no code revolution’ where you can make your products without the knowledge of sophisticated engineering as it was required in the very early days of the internet.
Same is the case with blockchain today, and it seems like the history is repeating itself. To make a blockchain today, you need skilled engineers and programmers to set up the architecture for you. This is why blockchain adoption is very slow among the startups and companies because its simply too expensive to make your own blockchain and start competing with the rest of the world. However, as the technology is evolving, companies are jumping in to solve this problem in the blockchain space.
The Ardor blockchain platform and how it works!
Ardor is more than just a blockchain platform! It aims to become the ‘wordpress’ for blockchain ecosystem, providing a unique model called Consensus as a Service or CaaS where you don’t need to code your own blockchain and consensus algorithm from scratch. Unlike other Blockchain as a Service (BaaS) platforms, Ardor has a very innovative parent-child architecture where Ardor provides a main blockchain platform with more security, and let companies and startups make their own blockchain platforms as well, that are connect to the parent blockchain through an interoperability layer.
With this new architecture, Ardor can retain the security and decentralization while enabling companies to launch their own blockchain platforms. Another unique thing about this new architecture is the consensus algorithm, as every child blockchain can have a different consensus algorithm than the parent blockchain. This makes Ardor the first blockchain platform on the planet to offer Consensus as a Service or CaaS.
Some of the key features of Ardor platform are:
Proof-of-Stake Consensus — Providing a variety of PoS algorithms for the child chains so they can get benefitted from quick execution.
Multi-Chain Platform — Providing parent-child blockchain architecture, enabling multiple chains to run under the parent chain all at the same time.
Child Chain Interoperability — All of the child chains in Ardor are interconnected and they can communicate with each other.
Scalability — Because of the parent-child architecture and PoS consensus algorithm, Ardor chain is very scalable and secure at the same time.
The currency of Ardor blockchain platform is denoted as ARDR. As of mid September 2019, a single ARDR is traded for $0.055 and has surpassed a total market cap of $55.9 Million USD with a daily 24h active volume of just over half a million dollars.
Ardor is the 77th largest cryptocurrency in the world according to CoinMarketCap. Our recommendation to the investors would be to wait and see how companies and startups are adopting Ardor before making any decision to invest in their coin because they have a very lower traction.