This is part two of our Ardor series. Check out our first post for a recap.
As mentioned in our previous article, Ardor tackles the need for easily customizable blockchains. Before we learn more about Ardor, let’s learn a little about NXT.
Ardor’s History: NXT Evolved
The creators of NXT are behind Ardor. Ardor evolved from the NXT blockchain and is based on the NXT codebase. NXT was one of the first PoS chains. It was created in 2013 and was implemented in Java. It was also one of the first-ever ICOs.
Every existing function of NXT is supported on Ardor via Ignis, the first child chain implemented on Ardor.
Ardor tokens were airdropped to NXT holders on the NXT blockchain in 2016. ARDR was also distributed to ICO participants. The Ardor testnet was launched in 2017. The Ardor mainnet and Ignis child chain both went live in 2018. No new ARDR coins will be created.
Jelurida is the corporate entity that develops and maintains the Ardor and Nxt blockchains. They are also responsible for the IGNIS child chain.
Current Projects Utilizing Ardor
IGNIS was also developed by Jelurida and was the first Ardor child chain.
The IGNIS crowdsale was performed on the NXT blockchain in 2017. IGNIS tokens were distributed to airdrop and crowdsale participants. 50% of the IGNIS tokens were sold during the crowdsale. The IGNIS child chain on Ardor went live in 2018.
The Ignis child chain has all the features and functionality which exist on the Nxt blockchain. IGNIS is a showcase for the functionality of the ARDOR ecosystem.
It is the child chain used for deploying lightweight smart contracts and issuing things like singleton assets (non-fungible tokens). They are also used for performing any account-specific transaction, such as account control and setting account properties, for an advanced form of multi-sig accounts.
Lightweight contracts can be programmed in java and run on nodes that choose to support them. These specific “contract runner nodes” were added in 2019 to run the lightweight contracts. Multiple nodes can run the same contract since the contract is saved on the blockchain.
Triffic is an augmented reality app. Users are rewarded with GPS tokens. Token Collection and Beacon Hunting are all part of this gamified system.
GPS tokens were airdropped to IGNIS holders. 1 GPS token was given for every 5 IGNIS held. So, if you had 100 IGNIS, you would have been credited with 20 GPS tokens. Tokens were also distributed in a crowdsale.
This isn’t live on Ardor yet but the child chain is scheduled for launch in Q3.
Max Property Group (MPG)
The MPG Child Chain was launched in 2019. The purpose of MPG is to “tokenize real estate”.
It’s intended to be a decentralized platform for property listing, financing, and property management. Ardor enables MPG to place property management tasks, rental agreements, purchase agreements and more on the blockchain.
Max Property Group is based in the Netherlands.
BitSwift is working to get relevant businesses to utilize blockchain.
Not all projects utilizing Ardor have their own child chain.
EZYCount uses Ignis tokens to “create an innovative token-as-a-license model for licensing accounting software.”
Tarasca is using Ignis to run digital card games and art auctions.
Other Features of Ardor
Ardor full nodes can be installed and run on Android. This allows users to easily join the network and participate, creating equal access in creating new blocks and processing transactions. So, you can interact with the proof-of-stake consensus with just a mobile phone.
Ardor has a built-in exchange for swapping child chain tokens. The child chain exchange acts as a DEX and can increase liquidity for child chain tokens.
Transaction Vouchers are a useful tool for businesses.
Another feature, Ardor Rings, doesn’t require end-users to pay transaction fees. This feature hasn’t been released yet.
Archival Nodes keep pruned data in case it is later needed.
Ardor also has other features not mentioned here.
Check out the roadmap to see what the future holds.
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