Dear ATOMARS Community,
We are pleased to announce the listing of Ardor (ARDR) on Atomars exchange. Ardor (ARDR) deposits are effective starting from November 6, 2019 and the following trading pairs will be available: ARDR/BTC and ARDR/ETH.
ARDOR PROJECT SUMMARY
Ardor operates as a blockchain-as-a-service platform utilizing the blockchain technology of NXT through child chains. Child chains are light blockchains that are customizable to a certain degree and are allowed to self-deploy easily to a user’s blockchain. NXT claims users don’t have to worry about security as the main chain handles this. IGNIS will be the first child on the Ardor platform, for which an ongoing crowd sale has already been launched. Ardor has successfully built upon NXT technology and has been designed to offer scalability, secure smart contracts and child chains that are customizable. These features offer higher efficiency, security and improved business profits.
ARDOR (ARDR) FEATURES
Ardor’s account control feature enables accounts to be restricted from issuing phased transactions, subject to a specific voting model. This brings about several use cases including multi-signature to use more than one key for authorizing a transaction, tagging to prevent such accounts from sending tokens, and Escrow functionality to enable locked accounts to transfer assets, aliases, etc after certain conditions have been fulfilled.
An account monitor automatically transfers child chain tokens, assets, or currencies from a funding account to a recipient’s account when the amount the recipient account holds falls below a set threshold.
Ardor uses an alias system that is capable of translating alphanumeric text into virtually anything. This includes Ardor account addresses, emails, phone numbers, URLs, SKU codes and so on. Not only does the Alias system enable Ardor to function as a decentralized DNS system, but it also includes the ability to map short names to other entities.
Ardor asset exchange is a decentralized peer-to-peer exchange system based on the concept of coins which eliminates trust points and associated fees. Before now, one had to sign up to centralized platforms, transfer assets and pay transaction fees to trade crypto and other digital assets. This has been a source of concern as it is possible for a centralized exchange to disappear with everybody’s deposits. Ardor uses the same technology for trading with other child chain tokens for trading with any other commodity.
Ardor’s data cloud is a decentralized data storage system reserved for Ardor child chains. Not only does it hold records of Ardor transactions, but it can also be used to store data defined by users. All kinds of data are uploadable to the Ardor blockchain, providing a secure and, if you wish, permanent way of storing, accessing, and publishing information.
On top of existing Ardor APIs, lightweight contracts offer a new and powerful framework for automation development. Implementation of pre-defined interfaces develops contracts. The blockchain has a contract code deployed to it as a cloud data transaction, which stores the code and enables contracts to be activated by a contract reference transaction that also provides the setup parameters.