Ardor: The BaaS Platform You Haven't Heard About
Ardor is a blockchain-as-a-service multi-chain platform that evolved from the time-tested and energy efficient Nxt blockchain. The Ardor mainnet launched on 01 January 2018.
Ardor is unique in that it uses a Parent-Child chain architecture to accomplish true scalability. Ardor, the main chain, provides security and transaction processing for all child chains in the network.
Ardor is written in Java and has many features that are a direct result of over 5 years of development work.
These features include:
- Account Control
- Account Leasing
- Account Monitor
- Account Properties
- Alias System
- Arbitrary Messages
- Asset Control
- Asset Exchange
- Asset Properties
- Bundling
- Data Cloud
- Lightweight Contracts
- Marketplace
- Voting System, and more
The Ardor ecosystem is capable of decentralized data storage and has built in shuffling to provide users with privacy.
The Ardor team is working on ZKP (Zero Knowledge Proofs), which were popularized in crypto culture through Zcash.
Technical Analysis:
Ardor has fully retraced to 1000 satoshi, which has been a zone of demand in the past. The market is extremely oversold, and continues to lag behind other markets that are beginning to perform as a result of Bitcoin's recent appreciation.
Ardor printed its first bullish weekly candle in 9 weeks, on this support zone, in a market where people are beginning to take risks on altcoins. The ARDR/USD chart is showing a breakout of wedge structure, which in many cases, precedes positive price action on ARDR/BTC.
Fundamental Analysis:
- 91Million dollar market capitalization at the time of writing.
- Advanced platform that has ethereum and many other competitors beat in terms of scalability, privacy, security, etc...
- No hype project: the trade is not overcrowded. Many "moonbois" will not buy ardr because they would rather fomo in to projects that are more concerned w/ marketing than tech. This is good, because it allows Ardor to move upwards rapidly, as the people who hold Ardor are long term believers in the project who aren't interested in selling (no resistance otw up).
- PoS algorithm is computationally efficient, environmentally friendly, and secure.
- Non inflationary. Supply is fixed. There is no sell pressure from miners.
- Many "whales" in the project, stemming back from its predecessor, NXT.
Ardor is unique in that it uses a Parent-Child chain architecture to accomplish true scalability. Ardor, the main chain, provides security and transaction processing for all child chains in the network.
Ardor is written in Java and has many features that are a direct result of over 5 years of development work.
These features include:
- Account Control
- Account Leasing
- Account Monitor
- Account Properties
- Alias System
- Arbitrary Messages
- Asset Control
- Asset Exchange
- Asset Properties
- Bundling
- Data Cloud
- Lightweight Contracts
- Marketplace
- Voting System, and more
The Ardor ecosystem is capable of decentralized data storage and has built in shuffling to provide users with privacy.
The Ardor team is working on ZKP (Zero Knowledge Proofs), which were popularized in crypto culture through Zcash.
Technical Analysis:
Ardor has fully retraced to 1000 satoshi, which has been a zone of demand in the past. The market is extremely oversold, and continues to lag behind other markets that are beginning to perform as a result of Bitcoin's recent appreciation.
Ardor printed its first bullish weekly candle in 9 weeks, on this support zone, in a market where people are beginning to take risks on altcoins. The ARDR/USD chart is showing a breakout of wedge structure, which in many cases, precedes positive price action on ARDR/BTC.
Fundamental Analysis:
- 91Million dollar market capitalization at the time of writing.
- Advanced platform that has ethereum and many other competitors beat in terms of scalability, privacy, security, etc...
- No hype project: the trade is not overcrowded. Many "moonbois" will not buy ardr because they would rather fomo in to projects that are more concerned w/ marketing than tech. This is good, because it allows Ardor to move upwards rapidly, as the people who hold Ardor are long term believers in the project who aren't interested in selling (no resistance otw up).
- PoS algorithm is computationally efficient, environmentally friendly, and secure.
- Non inflationary. Supply is fixed. There is no sell pressure from miners.
- Many "whales" in the project, stemming back from its predecessor, NXT.
Comment:
Ardr/Usd Chart showing breakout that could precede Ardr/Btc positive price action.
Comment:
Bittrex: Ardr/Btc Chart showing levels and full history
Comment:
NXT/BTC Chart that further demonstrates the tendency of NXT/ARDR to rapidly appreciate without much warning:
