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Author Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake  (Read 353920 times)
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exia911
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August 01, 2016, 03:08:34 AM
 #501

What about ethereum? they seem professional...but just read about the hack so i'm not too sure of that now... seems like smart contracts has its flaws. how is ardr going to be any different?
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August 01, 2016, 03:17:31 AM
 #502

As of the moment, I have 236 Ardor tokens yahoo. Just leave my nxt and accumulate more tokens.




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fallenblu
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August 01, 2016, 04:07:00 AM
 #503

Proven tech like the NXT decentralized asset exchange. They've been running theirs FOR YEARS. They've got REAL businesses, from messenger apps to Hedge funds running on their Exchange, paying dividends every month. And all that tech is coming to Ardor.
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August 01, 2016, 04:36:21 AM
 #504

That's the future right there. Real businesses, making real progress, decentralizing onto the blockchain.
freshman777
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August 01, 2016, 04:58:21 AM
 #505

What about ethereum? they seem professional...but just read about the hack so i'm not too sure of that now... seems like smart contracts has its flaws. how is ardr going to be any different?


What is the reason why NXT decided to create a child chain? Isn't NXT enough already or is there a technical reason why? Could this be a sort of "reboot" for marketing purposes.

In a glance this looks like a move driven by marketing reasons since NXT really went anywhere in that regard.

Running a blockchain is costly and many entities don't have the expertise.
They would like to use a blockchain to solve various problems and not worry about security, blockchain maintenance, volatile coin rates. In Nxt 2.0 they will get specialized blockchains with custom features, for instance they can peg their custom blockchain token to one USD or cowry shell, or their custom blockchain will be feature tailored to their specialized usage. It's a blockchain as a service thing. They will pay block fees to the global network of ARDOR token holders when they must make a hashes record of their custom child chain operations into the main chain. It's a 'focus on your job without all the worries that come with running a blockchain' customer-oriented solution. Transactional throughput will grow manyfold.

So how is Ardor different to the other blockchain platforms like Ethereum, Lisk and Waves? And why do you think a company should choose to use Ardor over the 3 mentioned?

Nxt and Ardor very specifically did not go for scriptable Smart Contracts. There are several reasons for not doing so:

1. You have no way of controlling the quality of the code. This can lead to unfortunate results and create huge problems.
2. A large portion of the market has need for out of the box solutions, not custom ones. Nxt and Ardor offer hardcoded and modular Smart contracts (or smart transactions) which are tested and secure. For most SME's these cover a lot of use cases and are more cost effective.
3. Lisk is still in development: Nxt already works, and has been operational for 2,5 years. Ardor will use the same tech. If a company wants to use software that's tested and tried, it should go to Nxt or Ardor (depending on the use case).
4. Waves is also still in development. Same argument as before. The idea might be sound, there is no way to predict now whether it will pull off its promise.

The child chain architecture is unique to Ardor. Lisk and Waves do not have it, neither does Ethereum. Bloat is a problem that all of them have and Ardor is the system that is concentrating on it.

i am buying nxt after i read on the link you share. but i hope this will not be like ETH and ETC or DAO, because this will make market confusing and i see the rate of nxt is up but still its really slow but sure. i think its a good movement from nxt although i do not understand as much as people on here. so keep continue and make a new step. good luck

In Ethereum there are smart contracts, anyone can execute code of various levels of reliability and (in)security.

In Nxt1.0 and Nxt2.0 (Ardor) you have smart transactions.
Smart transactions of Nxt go through rigorous testing before they are released to production. Secure smart transactions are building blocks for blockchain applications. In the end, Nxt smart transactions cover almost all the use cases that you can program with Ethereum, the difference is you can be sure the platform is safe for mission critical apps and basic use of saving hard earned cash.
The other difference, Ethereum has loads of money for marketing themselves, so everyone and their mother went to chase it.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
fallenblu
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August 01, 2016, 05:34:44 AM
 #506

Ardor is using Smart Transactions, a special kind of Smart Contract currently being tested by some banks in Asia. Essentially they make Smart Contracts like building blocks that you put together. That makes them a lot safer, faster to code, and cheaper to use.
exia911
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August 01, 2016, 06:04:07 AM
 #507

I dunno it could be hype, but I like the fact that nxt is rebooting itself into Ardr. Anywhere I can get a demo?
fallenblu
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August 01, 2016, 06:33:30 AM
 #508

No other blockchain has anything like it.
gannonq
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August 01, 2016, 07:02:51 AM
 #509

Really? Not even ETH?
exia911
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August 01, 2016, 07:32:13 AM
 #510

Why can't ethereum just replicate some of NXT / Ardr features?
fallenblu
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August 01, 2016, 08:01:36 AM
 #511

Not even ETH. Most blockchains with Smart Contracts run turing complete smart contracts. That essentially means you have to code it from scratch yourself. It's built into those systems, and it's painfully expensive. In time, in money, and in risk.
fallenblu
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August 01, 2016, 08:30:58 AM
 #512

After all, one bug and you're out your money, like we saw with the DAO.
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August 01, 2016, 09:35:52 AM
 #513

Still not too late to get some #Ardor! Just buy and #hodl #NXT from now until the 12th of October.

www.ardorplatform.org
it is really a good idear!
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August 01, 2016, 09:50:24 AM
 #514


There will be another snapshot in Q3 2017? For NXT?
curious about your signature

The NXT snapshot in Q3 2017 is for the distribution of 'FNX' (it still needs a proper name), the first childchain on the Ardor blockchain.
Read on www.nxt.org/roadmap

but what will be snapshotted? the nxt blockchain or the ardor blockchain?

Bismuth - New Language, Interpretation Engines, Free Set of DAPPs https://bitcointalk.org/index.php?topic=1896497
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freshman777
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August 01, 2016, 09:53:46 AM
 #515


There will be another snapshot in Q3 2017? For NXT?
curious about your signature

The NXT snapshot in Q3 2017 is for the distribution of 'FNX' (it still needs a proper name), the first childchain on the Ardor blockchain.
Read on www.nxt.org/roadmap

but what will be snapshotted? the nxt blockchain or the ardor blockchain?

In Q3 2017 the Nxt 1.0 blockchain will be snapshotted to establish the first child chain in Nxt 2.0. This is also the time when Ardor (Nxt 2.0) platform is to be released.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
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August 01, 2016, 11:09:43 AM
 #516


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fallenblu
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August 01, 2016, 04:49:39 PM
 #517

Only NXT runs Smart contracts that are not turing complete.
freshman777
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August 01, 2016, 05:05:15 PM
 #518

Only NXT runs Smart contracts that are not turing complete.

Turing complete is not safe, hackable.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
box0211
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August 01, 2016, 06:26:31 PM
 #519

what does turing complete mean anyways
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August 01, 2016, 06:34:05 PM
 #520

hmmm so smart contracts require you to write the code from scratch and nxt has it already written?
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