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Author Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake  (Read 304770 times)
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Damelon
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June 19, 2016, 07:05:13 PM
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The Nxt core dev team is letting anyone get into the blockchain space with a new child chain platform, Ardor, which will incorporate the technologies proven for years by the Nxt 1.0 cryptocurrency and blockchain. Soon, anyone will be able to create their own solutions using the blockchain technology with the Ardor child chains.

Nxt is undergoing a dramatic evolution. Research by the Nxt team has led to Ardor, a platform that uses child chains and incorporates all of Nxt's latest blockchain innovations while being backed by the core developers of Nxt. Ardor is more than just about money: It's about making a blockchain platform that is open to everyone, from single users all the way up to FinTech startups and governments, and one where anyone can create their own child chain and interact with the whole blockchain ecosystem. That means anyone, anywhere, will be able to utilize blockchain services with relative ease.

We can't give away too much until the final features of Ardor are tested repeatedly.

But, here are a few of the features coming with the new Ardor release:

1. Offering Blockchain as a Service - Ardor will open blockchain development to organizations and individuals across the world. The high barriers to getting started with blockchain are about to vanish.

2. Manageable Blockchain Size - Ardor will solve the problem of scalability by separating transactions and data that do not affect security from those that do, and moving all of those that don't affect security onto child chains. The Ardor team will create the first child chain to house many Nxt 1.0 tools as well as future features. This small size also comes with short transaction times so processes need only a fraction of time compared to Bitcoin to execute functions.

3. A Decentralized Asset Exchange - Building off of the Asset Exchange on Nxt, Ardor will enable the ability to trade assets on any child chain for any of the child chain tokens. This allows child chains to interact with each other and opens up numerous opportunities for collaboration as well as allow cross chain asset trading, a long-requested feature within the Nxt ecosystem.

4. Decentralized Voting and Governance Systems - Ardor will be at the core of decentralized consensus in the future. Secure and anonymous voting will be an available feature on all child chains as it is on the Nxt platform.

5. Phased Transactions - Users can set multiple conditions before a transaction is executed, such as a minimum number of votes and a set amount of time. Like Nxt, Ardor will use Smart Transactions. With this, users will only need to submit the parameters necessary for the transaction and the ID of the functionality they want to use. The transaction process is also completely decentralized. No centralized server, service, or application, like Ethereum’s Oracle, is needed.

“Rather than providing smart contracts, NXT is focused on implementing the important use cases and functions directly into the core of both Nxt and Ardor. This approach has proven to be scalable and secure and will become more so when Ardor is released” Riker

These are a few of the things Ardor will give you and the cryptocurrency community. As development continues and testing is finalized, you'll get a detailed analysis of each of the new tools, as well as the core features built into Ardor. We'll also reveal, step-by-step, a list of our partners and what they're doing with our technology.

This is all possible because of new developments within the Nxt community. Decision-making and planning is becoming more professionalized. The community and team structure are adjusting to the new demands while the Nxt and Ardor technology remains entirely open source. Ardor is more than a cryptocurrency - it's a blockchain platform specifically designed to let anyone build decentralized tools with the latest innovations in blockchain technology.

How to get Ardor

You'll be able to participate in Ardor right away. As Ardor continues testing and development, Nxt 1.9 will be released. With Nxt 1.9, you'll get your first chance to own a piece of Ardor. All those who hold an amount of NXT will also get a piece of Ardor. Snapshots will start be taken on an hourly basis, starting on July 14th to October 13th. Then, your total NXT will be averaged, and you'll receive that amount in Ardor tokens on October 13th, which will be freely tradeable up until the Ardor system launches.

At block 1,000,000 on October 13th, 2016, snapshotting will stop, and you'll be allowed to trade your Ardor tokens in NXT 1.9 in preparation for the launch of the Ardor blockchain.

After Ardor has launched, Nxt 1.0 will remain active and supported. Nxt 1.0 is the giant on which Ardor is built and it will remain running as a core component of the Nxt eco-system, functioning as a complete blockchain solution in its own right, as well as assisting in the development and refinement of the Ardor blockchain platform.

There'll be a lot more news in the weeks and months to come. Ardor aims to be a powerful platform for users and businesses alike by building on the technology pioneered by Bitcoin and Nxt. If you would like to be a part of it, acquire NXT now and get your stake in Ardor!

About

Ardor is brought to you by the core development team from Nxt. After years of building and testing the Nxt platform, the team is going to involve the public even more. As the first Blockchain 2.0 platform, the community has continually improved Nxt and now looks forward to release Ardor for companies, organizations, and of course, users.

Edit: for more information on the Roadmap, please go here: http://nxt.org/roadmap/

Articles:

Forbes: "DIY Blockchain? NXT Announces Customizable Ardor Platform"
http://www.forbes.com/sites/rogeraitken/2016/06/21/nxt-crypto-blockchain-team-prepares-ardor-scalable-child-chain-platform/#793b66ac349b

Cointelegraph: "Ardor - New Competitor to Ethereum Arises Amidst Reports of The DAO Attack"
http://cointelegraph.com/news/ardor-new-competitor-to-ethereum-arises-amidst-reports-of-the-dao-attack

Poloniex, BTC38, and Bittrex agree to distribute Ardor tokens to customers
http://www.econotimes.com/Poloniex-BTC38-and-Bittrex-agree-to-distribute-Ardor-tokens-to-customers-232665

NXT/Ardor Platform to Make Blockchain Cheaper and Safer
https://cointelegraph.com/news/nxtardor-platform-to-make-blockchain-cheaper-and-safer


Nxt Foundation is now a member of the Linux Foundation
http://www.linuxfoundation.org/news-media/announcements/2016/07/linux-foundation-welcomes-open-source-experts-security-cloud-and




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June 19, 2016, 07:13:02 PM
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Shit is getting real!

Good job guys!

PS: So nice that the dregs are no gone, hope we will never seem them in here again...

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June 19, 2016, 07:16:32 PM
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Awesome to see some great future plans for NXT  Shocked Grin
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June 19, 2016, 07:32:01 PM
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Just to be clear, the "Blockchain as a Service" thing is the child chains you previously talked about in NXT 2.0 right?
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June 19, 2016, 07:41:50 PM
 #5

Have you communicated with the exchanges for the snapshot? Or the only way is by keeping NXT in our wallets?
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June 19, 2016, 07:44:57 PM
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Just to be clear, the "Blockchain as a Service" thing is the child chains you previously talked about in NXT 2.0 right?

This is child chains, yes.

Have you communicated with the exchanges for the snapshot? Or the only way is by keeping NXT in our wallets?

We'll update about this once we have this completely clear. We are contacting the exchanges, yes.
We'll give you clear communication about this.

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June 19, 2016, 07:49:23 PM
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That is a very ambitious project. I wish the team around Ardor great success!
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June 19, 2016, 08:06:21 PM
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Sounds very interesting. Always thought NXT was a real cool technology, this seems like a great way going forward! Will follow closely.
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June 19, 2016, 08:11:34 PM
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This is a rare product in crypto world. It actually makes a lot of sense.

(DIsclaimer: yes, I bought some)

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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June 19, 2016, 08:14:01 PM
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So to clarify, Ardor is the name of NXT 2.0? What will happen to 1.0 after Ardors launch, will it still be maintained? And if so by who?
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June 19, 2016, 08:18:42 PM
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So to clarify, Ardor is the name of NXT 2.0? What will happen to 1.0 after Ardors launch, will it still be maintained? And if so by who?

OP states:

"After Ardor has launched, Nxt 1.0 will remain active and supported. Nxt 1.0 is the giant on which Ardor is built and it will remain running as a core component of the Nxt eco-system, functioning as a complete blockchain solution in its own right, as well as assisting in the development and refinement of the Ardor blockchain platform."
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June 19, 2016, 08:20:04 PM
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It's a win win for the current NXT price as well those that want to get into Ardor. I bought a little myself. Will there be any type of ICO on top of the rewards for NXT holders?
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June 19, 2016, 09:26:29 PM
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It's a win win for the current NXT price as well those that want to get into Ardor. I bought a little myself. Will there be any type of ICO on top of the rewards for NXT holders?

No, it was discussed and decided this would just not be right to do.

While an ICO might help the team, it just cannot be justified for the devs.

We're very actively pursuing other sources of funding like technology grants and the like, but we'll not tax the users with an ICO.

As you can see in the plan though is that 50% of the first child chain will be retained for IT and business development for now: https://bitcointalk.org/index.php?topic=1483227.0

This is a child chain, so no tokens on the main chain will be given to the devs or any organisation. The only way to acquire those is by just holding Nxt.

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June 19, 2016, 09:30:09 PM
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It's a win win for the current NXT price as well those that want to get into Ardor. I bought a little myself. Will there be any type of ICO on top of the rewards for NXT holders?

No, it was discussed and decided this would just not be right to do.

While an ICO might help the team, it just cannot be justified for the devs.

We're very actively pursuing other sources of funding like technology grants and the like, but we'll not tax the users with an ICO.

As you can see in the plan though is that 50% of the first child chain will be retained for IT and business development for now: https://bitcointalk.org/index.php?topic=1483227.0

This is a child chain, so no tokens on the main chain will be given to the devs or any organisation. The only way to acquire those is by just holding Nxt.

This makes a lot of sense. I would recommend adding NO ICO to the subject for clarification.
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June 19, 2016, 09:32:35 PM
 #15

A lot of game theory in this market for the next few months. I am in!


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June 19, 2016, 09:47:02 PM
 #16

1.9.0e released!

https://nxtforum.org/nrs-releases/nrs-v1-9-0e/

Key points from the changelog:

Quote
This is an experimental release. It is a required update for all testnet nodes,
optional for main net.

This release enables taking multiple snapshots of accounts NXT balances, every
60 blocks, for a period of 90 days, and distributing an ARDR token based on the
average of those balances, at the end of the snapshot, to be used for the Ardor
consensus chain token distribution in Nxt 2.0.


On testnet, the snapshot will start at block 649400 and end at block 779000
(June 24).
On mainnet, the snapshot will start at block 870400 (expected July 14) and end
at block 1000000 (Oct 12).

Quote
To get your ARDR tokens, it is essential that you keep your NXT balance in your
own account.
There is no need to run a node or forge. It is the confirmed NXT
balance that is used for the snapshot, not the unconfirmed (available) balance,
so having some NXT locked in open AE bid orders, shufflings, etc, will not
affect your ARDR distribution. For balances on exchange accounts, it will be up
to each exchange to handle the re-distribution of the ARDR tokens that will get
automatically sent to the exchange account at snapshot end.

On the quote above: the Nxt Foundation will be in contact with exchanges to help out with this process. Will keep you updated.


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June 20, 2016, 01:42:16 AM
 #17

Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?
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June 20, 2016, 06:13:25 AM
 #18

Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?

No, value in assets does not count, only balance of NXT in account.
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June 20, 2016, 07:02:08 AM
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Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?

No, value in assets does not count, only balance of NXT in account.

What is about the supernet Asset. A lot of users thought that the Supernet Asset was build to support the newest Ideas of NXT.
Now, the biggest and newest Idea is presented and Supernet wouldn't be mentioned. Or did i miss something?

NEM:NDEFC3-H4VAIU-FQ5GFT-IK3IJR-4DGKF7-PEQKRW-LPZ5
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June 20, 2016, 07:28:15 AM
 #20

Does the value of Assets in an account count toward the snapshot or just the amount of free Nxt in the account balance?

No, value in assets does not count, only balance of NXT in account.

What is about the supernet Asset. A lot of users thought that the Supernet Asset was build to support the newest Ideas of NXT.
Now, the biggest and newest Idea is presented and Supernet wouldn't be mentioned. Or did i miss something?

Supernet has it's own roadmap.
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