Expectations within the blockchain industry for Ardor are high as it solves a number of issues currently affecting the sector. Ardor incorporates a novel multiple blockchain architecture, allowing users to create their own, customized subsidiary blockchains, secured by the main chain. Transactions from these blockchains, knowns as child chains, are removed from the main transaction ledger approximately every 24 hours, though special dedicated nodes, known as archival nodes, can keep all information if so desired. This approach enables Ardor to scale up global transaction loads, without requiring extensive knowledge of scripting or coding from participants.
Travin Keith, Board Member at the Nxt Foundation, said: “Blockchain technology is increasingly entering the mainstream consciousness. The developers at Jelurida BV have created a platform that makes blockchain technology more accessible and delivers scalable solutions for retail and institutional participants. Its potential applications extend to a number of industries burdened with legacy issues and antiquated transaction processing systems.”
The Ardor blockchain platform, like Nxt, has been designed to address issues that impede the blockchain sector. The proof-of-work model incorporated by Bitcoin requires large volumes of energy to “mine” coins and is biased towards participants with the largest number of computers. Ardor and Nxt by contrast operates on a proof-of-stake model that can handle higher transaction volumes at a fraction of the energy cost and at ten times the speed. In addition, Ardor solves the blockchain bloat issue with its prunable child chain infrastructure, which side chains do not solve.