Ardor
Crypto Overview
Overview
Ardor is a blockchain-as-a-service platform launched in 2018 that uses a parent-child chain architecture. The ARDR token serves as the main token for securing the network through Proof-of-Stake consensus.
Purpose and Utility
Ardor was designed to solve blockchain bloat and scalability issues through its unique architecture. The ARDR token is used for network security and transaction fee payments. Child chains can be created for specific business uses while leveraging the security of the main chain.
Business Model and Implementation
The platform provides legitimate utility through:
- Proof-of-Stake validation using ARDR tokens
- Transaction fee payments
- Creation and operation of child chains
- Secure messaging and data storage
- Asset exchange functionality
Development Activity and Adoption
The platform maintains steady development activity through its parent company Jelurida. While adoption remains limited, there are several businesses using Ardor's child chains for legitimate use cases including supply chain management and digital asset trading. The project demonstrates ongoing technical progress and maintenance.
Token Distribution
The initial distribution of ARDR tokens was done through a token swap from NXT holders, with no ICO or pre-mine. The distribution appears relatively fair, with no concerning concentration of tokens among founders.
Crypto Impact
To assign a comfort level investing in Ardor from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ardor.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.