Ardor

Ardor

 ARDR

There is no denying that blockchain technology has been the most disruptive technology of the last decade. Not only is it responsible for having a direct impact on the world’s financial trends, but also its application in various industries has created a lot of value. However, continued blockchain usage has revealed a number of fundamental issues in payments, customization, and scalability. First and foremost, every cryptocurrency project that utilizes another blockchain needs to pay fees in native tokens, such as Ether for all Ethereum users.

Additionally, major blockchains may experience something known as “blockchain bloat”. The problem with blockchain bloat is that every time a new node wants to operate on the blockchain, they have to download the entire history of the blockchain in order to operate. Fortunately, a relatively-new crypto-project known as Ardor is making strides to provide several fundamental advantages over other blockchains; reducing blockchain bloat and providing multiple transactional tokens. Let’s take a look at what Ardor is and how exactly it works.

Ardor Exchange Rate

What is Ardor?

Ardor is a decentralized multi-chain blockchain platform that introduces a unique architectural design element to the field. It utilizes what is known as a “parent-child” architecture whereby the parent chain is responsible for the network security and transaction processing of the entire system. On the other hand, all the customizable, business-ready functionality is presented on the child chain. The Ardor team believes that this hybrid user permission capability is key towards improving mainstream adoption of blockchain technology.

The Ardor parent-child architecture has three fundamental advantages over all other blockchains. These advantages include:

  • Child chain on the parent Ardor chain have their own native tokens which can be utilized to pay for all transaction fees as well as other ready-to-use features.
  • System interoperability is maintained since all child chains are interconnected and share similar source codes. Therefore, tokens operating on one child chain can be traded for tokens operating on another child chain.
  • Blockchain bloating is prevented by “pruning” unnecessary child chain data once it’s included in the Ardor parent chain.

Key Features

Thanks to its “parent-chain” architecture, Ardor offers users the ability to create their own subsidiary chains within the Ardor ecosystem. Some of the key features of Ardor include:

Proof-Of-Stake Consensus

Ardor utilizes the proof-of-stake consensus algorithm that enables the platform to be very energy-efficient. Therefore, unlike Bitcoin, the Ardor network does not require any expensive hardware.

Multi-Chain Platform

Ardor’s child chains are separate and customizable. They come pre-loaded with all the built-in features necessary for various business applications. Additionally, these child chains have their own native tokens. Therefore, just about anyone can enrich the functionality, permissions, and custom parameters of any child chain.

Child-Chain Interoperability

All child chains on the Ardor ecosystem are interconnected. Their respective native tokens can also be traded on the built-in Ardor decentralized coin exchange. Additionally, different objects such as currencies, assets, and account properties can be accessed from any child chain, globally.

Scalability

The parent-child architecture enables child chain transactions that are no longer needed to be safely removed through a process known as “pruning”. Their hashes are included in the parent chain but they are removed from the child chain.

Jelurida Ecosystem

Jelurida is a Swiss-based blockchain software firm. It has been steadily building a blockchain ecosystem solution since 2013. The team at Jelurida has been developing new technological solutions to address some of the many challenges associated with emerging technologies. At the moment, Jelurida develops and maintains that Ardor, Ignis, and Nxt blockchains, which together form the Jelurida ecosystem. Ignis is a fully-featured, low-fee child chain on Ardor while Nxt is the universal framework for the ongoing blockchain technology transformation.

The Jerulida ecosystem has demonstrated several real-world applications thanks to its interoperable platform and proof-of-stake protocol. For starters, it has been involved in several Austrian-government funded projects such as Cycle4Value, TreeCycle, and HotCity. All these three projects rely on the PoS protocol and multi-chain platform of the Jelurida ecosystem. For instance, Cycle4Value utilizes the PoS protocol to reward its users for cycling. Such innovative decentralized projects help position Jelurida as the one-stop solution for issues surrounding legacy blockchains.

How to exchange ARDR to BTC or vice versa?

If you are wondering how to exchange the ARDR coin to BTC or vice versa, then you came to the right place. You can find the Ardor crypto on almost any major crypto-to-crypto exchange platform in the market today. However, if you are looking for a platform that can help you swap from the ARDR crypto to Bitcoin without any hassles, then we recommend Swapzone. The ARDR exchange process is fairly simple and we will let you know how to do it.

  • Step 1. Go to the official Swapzone website.
  • Step 2. On the homepage, you will see the “select pair” tab.
  • Step 3. In the “send” section, input the kind of coin that you wish to exchange for ARDR. In this case, it should be ETH. Enter the amount as well.
  • Step 4. In the “get up to” section, choose ARDR as the crypto that you want to receive.
  • Step 5. Swapzone will then provide you with a list of exchange rate offers from several exchange partners. There is an option to filter out the results. Take your time and go through the different offers.
  • Step 6. Once you’ve narrowed it down to an offer that you want, select it and click “exchange”. A new window will pop up requesting you to provide a few more additional details such as your wallet address and email address (optional).
  • Step 7. Once you are done, simply click “proceed to exchange” to continue onto the next step.
  • Step 8. This will trigger the transaction process to begin. Be a little patient as the process runs in the background.
  • Step 9. The exchange partner will process your transaction and you will receive ARDR tokens in your wallet address. Simply take a moment to rate the exchange partner and rate the experience.

How to buy Ardor coin for other crypto and save your money?

If you are wondering whether it’s possible to buy Ardor coin using other kinds of crypto, the answer is yes. You can buy the Ardor coin using other cryptocurrencies with great ease. The Ardor coin exchange process on Swapzone is just the same as the one listed above. All you have to do is to ensure that all the sections with Bitcoin are replaced with whichever crypto you wish to exchange for ARDR. Moreover, due to choosing the best rare offer, you will definitely save some money if you swap ARDR on Swapzone.

Popular pairs to convert Ardor

Frequently asked questions

What is the Ardor exchange rate?

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An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

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Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

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Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store Ardor?

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

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Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

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