Ardor For Investors #1 – What Is Ardor?

This article is provided by Bas Wisselink, Co-Founder of the NXT Foundation: 

Introducing Ardor, An Evolution of NXT!

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:

  • 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.
  • 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.
  • 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.
  • 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.
  • 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 are 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 to be taken on an hourly basis, starting on July 14th to October 12th. Then, your total NXT will be averaged, and you’ll receive that amount in Ardor tokens on October 12th, which will be freely tradeable up until the Ardor system launches.

At block 1,000,000 on October 12th, 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

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 releasing Ardor for companies, organizations, and of course, users.

For more information, visit the Ardor Website and Nxt Website.
Contact: [email protected]
Skype: damelon365

 

What’s up, guys? This is Tai Zen. In this video, I want to make an announcement and share something new with you about the NXT community and the NXT platform. They are about to release what’s called NXT 2.0.

Now for many of you who are new to the cryptocurrency world, there are 2 original Bitcoin 2.0 projects that pretty much everyone in the Bitcoin community agrees with. When we talk about Bitcoin 2.0, that’s all the cryptocurrencies that came out after Bitcoin came out.

When Bitcoin came out, there was a bunch of other clones like Litecoin, Dogecoin. However, they were all software copied from the Bitcoin software with some changes in the transaction speeds as well as a couple of features and benefits.

However, at the time of Bitcoin 2.0, they termed this for any cryptocurrency that was completely different. It was not a clone of the Bitcoin software. It was completely built from scratch software.

The first Bitcoin 2.0 project was known as Nextcoin. Later on, it evolved to just Next, then became NXT as we’ve known now. They have been looking in the bushes for the past couple of years ever since the fall of Mt. Gox and everything. NXT hasn’t gained the traction that is needed because Ethereum has taken the limelight.

Now Ethereum is the second authentic Bitcoin 2.0. It came out in July 2014. The NXT came out at the end of 2013 and the beginning of 2014. I would not say at that time it looked like it was a competing Bitcoin 2.0 project because the way they approach the different financial problems is completely different.

Now Ethereum has been in the limelight for the past couple of years, now that is a billion-dollar market cap, and the value of their network is over a billion dollars. It’s got a huge amount of spotlight.

However, during this time, the people in the NXT community have been operating under the radar and take a completely different approach to get funding for their project.

In a different video, I’ll talk about why I believe that NXT is the most lucrative and the most successful cryptocurrency projects on the market since Bitcoin. The reason is the project went as high as 70 million dollars in market cap with a total of 21 Bitcoins to fund their entire project in the beginning.

A few days ago before the big spike in price, it was worth over 7 million. If you take the 21 Bitcoins that NXT raised versus the 18 million dollars that were raised by Ethereum team in the community. If you measured in dollar terms, I believe that NXT has a higher success rate.

Now they are about to reinvent themselves. NXT is very good at…Whenever they see something that is new, they came out with some really new stuff. They were the first one to have a 100% complete proof of stake algorithm. Basically, that’s the algorithm used to secure the entire NXT network.

Now there are others like Peercoin that came out that was a hybrid of proof of work and proof of stake. Nonetheless, NXT was the first cryptocurrency to have a 100% proof of stake security system.

Ethereum is now talking about adopting that as well and pretty much all the cryptocurrencies that are coming out nowadays adopt some forms of proof of stake.

I want you to know that NXT was the original one working successfully since the end of 2013. They have been under the radar and most people have not heard about them because they’ve been focusing on developing in the background.

What happens is they’re about to come up with what I believe to be an awesome new version of NXT. They call it NXT 2.0 and the code name for it is “Ardor”, which means “burning” in Spanish.

At this point, I would like to say that NXT is very, very good at coming up with the strangest, weirdest and hardest names to pronounce and to understand what it means.

So I give them the gold medal on that. You have seen me tweeting out about that. They come up with some crazy names for their projects.

I had to pause the video for a moment there as we were coming out of our residents here in an area known as the Buckhead in Atlanta.

Back to what I’m saying, NXT has been under the radar and they have been looking in the bushes and now they’re about to come out. I want you guys to be aware of this no matter what I say about NXT, there’s a disclaimer that you have to be aware of.

Now, many of you guys may or may not know that I’m one of the original co-founders of the NXT Foundation. I was one of the original people to promote NXT when it first came out, I was invited to speak at the first Texas Bitcoin Conference.

Anyways, I and LeonFu.com were invited to speak at the first Texas Bitcoin Conference. Obviously, I’m an investor in the NXT from the very beginning. I’m not one of the original 70 stakeholders of NXT, but I and LeonFu.com were early investors.

Whenever we say, you have to understand that there’s probably going to be a personal bias because I was one of the original co-founders of the NXT foundation and an early investor in NXT.

I’m just sharing that with you so that if you guys think there’s a conflict of interest, you’re welcome to believe that. I just give you a heads up on that. So now the disclaimer is out of the way.

One of the problems that NXT 1.0 had was that every time my business wanted to create their custom token or their own network, it was extremely difficult. The difficulty comes in having a team of software engineers to have a lot of nodes to secure the entire network.

So what happens is they came out with a brilliant plan to create NXT 2.0, where the original NXT network or blockchain became the actual blockchain that secured the network and it only secured the network. All the features that the current NXT platform had will be put onto what’s called a child blockchain or a child chain.

All of these child chains will have their own custom tokens and if a new business or new company wants to have their own tokens or their own blockchains, they can create it and don’t have to worry about securing their network because the security will be done by the main blockchain. So be aware of that.

I just want to make a quick announcement guys that this week on Saturday at 10:00 a.m Eastern Time, which is 2:00 pm GMT Time, I’m going to have an investor question and answer with one of the original co-founders of the NXT Foundation, his name is Bas Wisselink and he goes by the handle of Damelon on the forums.

I’ll have the link in the description of this, in which he will have more detail about the problems of the NXT 1.0 phase and the solutions for NXT 2.0

So just be aware of that guys. I’ll invite you to join if you’re thinking about investing in it. Just looking out for the link in the description and joining us on the investor Q&A if you are interested in the new NXT 2.0 called Ardor.

In addition, I’m going to create a separate series of videos once Ardor comes out. That will probably be the main series I’ll switch over in the series on the NXT for investors, I just start a new series called Ardor for investors.

The reason is the old blockchain will become the main security and it probably won’t be traded as much as usual based on my understanding. Everybody will be trading the tokens that are going to be coming out on the child chain.

If you are a current NXT investor or holder and you want to know what is going to happen to your current NXT, I invite you to join us on the investor Q&A and we’ll answer that for you.

During the Q&A, Bass(?) and I will discuss the limitations of the NXT 1.0. We’re going to talk about the proposed solutions for these problems as well as the implementation details so that the current NXT investors and the current NXT holders can transition from NXT 1.0 over to NXT 2.0.

The other thing is that we’ll also talk about the advantages and the disadvantages of the older NXT 1.0 and the new NXT 2.0. So be aware of that guys. We got a lot of stuff that’s going to be discussed. It will be a 60-minute discussion and I’ll look forward to seeing you guys there at the investor Q&A.

The last one that we had with Sasha from the creator of the waves platform had set a new record for live viewers. Usually, we have less than 100 viewers. However, in that video, we had nearly 200 live viewers.

After the archived video, we had over a thousand views on it within the first couple of hours, which was a record for our channel. Therefore, in this one, I’m looking forward to breaking that record and having new viewers on for the NXT 2.0 release.

Thanks for watching this video guys. And I’ll see you guys at the investor Q&A this Saturday and look forward to answering your questions with a Bass Whistling(?), NXT foundation co-founder.

If you have any friends or colleagues that are new to cryptocurrencies and want to learn more about how to invest in cryptocurrencies, make sure that you share our channel with them. It’s the number one, most popular and the fastest growing cryptocurrency investing channel on the Internet and we look forward to seeing you then.

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