$ARDR (Ardor) is a blockchain platform developed by **Jelurida**, the same team behind **NXT**. It's designed to address scalability and blockchain bloat issues by using a unique **parent-child chain** architecture. Here's a breakdown of its key features:
**1. Parent-Child Chain Structure**
- **Parent Chain (Ardor)**: Handles **network security and consensus** (using Proof-of-Stake) but does not process individual transactions.
- **Child Chains**: Host **customizable features** (tokens, smart contracts, etc.) without burdening the main chain.
- Example: **Ignis** is the default child chain, but businesses can create their own.
**2. Scalability & Lightweight Blockchain**
- Only the parent chain's blocks are stored permanently, reducing **storage requirements** (unlike traditional blockchains like Bitcoin).
- Child chain transactions are pruned after processing, preventing **blockchain bloat**.
**3. Proof-of-Stake (PoS) Consensus**
- Energy-efficient compared to PoW (Bitcoin, Ethereum 1.0).
- Stakers (forgers) secure the network and earn transaction fees.
**4. Features**
- **Asset Exchange**: Built-in decentralized trading.
- **Voting System**: For governance or polls.
- **Monetary System**: Custom tokens & currencies.
- **Smart Contracts**: Limited but secure (unlike Ethereum’s Turing-complete model).
- **Data Cloud**: Store hashed or encrypted data.
**5. Use Cases**
- **Enterprise blockchain** solutions (low-cost, scalable).
- **Tokenization** (assets, loyalty points).
- **Decentralized applications (dApps)** with minimal overhead.
**6. $ARDR Token**
- Used for **securing the network** (staking).
- Fees paid in ARDR for child-chain transactions.
- Fixed supply: **1 billion ARDR** (all minted at launch).
**Comparison with NXT**
- NXT is the older, single-chain version (prone to bloat).
- Ardor improves scalability by separating functions across chains.
**Conclusion**
Ardor is ideal for businesses needing **customizable, scalable blockchain solutions** without the heavy resource demands of traditional platforms. Its **multi-chain design** makes it efficient for long-term use.
Would you like details on staking, governance, or specific child chains?