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What is Ardor coin (ARDR) and how does it work?

by Financial Economy

Ardor is building a Proof-of-Stake (PoS) blockchain infrastructure that supports a cheap transaction fee design, multi-chain architecture, and business-optimized smart contracts. The ARDR token serves as a payment method for network functions and can also be used for staking. What is Ardor coin ARDR, how does it work, where to buy it, how much is the ARDR price, etc., in the continuation of the content. For information about DENT coin, you can check here.

What is Ardor coin (ARDR) and how does it work?

Ardor, traded on exchanges with the ARDR code, is a multi-layered Blockchain project developed by the Nxt platform. Ardor is a platform that aims to provide Blockchain services to institutions and businesses. Within the Ardor system, customizable Blockchains can be easily created and the system allows the new Blockchain to work in harmony with other Blockchains. ARDR is used as a fuel token within the Ardor Blockchain.

Ardor platform is developed by Nxt platform developers. The Nxt platform was founded in 2013 and organized one of the first ICOs in the cryptocurrency world. Ardor is powered by the Nxt Blockchain. It can be said that Ardor’s distinctiveness is the structure needed to add new chains to the Ardor network, called “child blockchain”.

In this structure, there is one main Blockchain (Ardor) and many daughter Blockchains. Ardor’s main blockchain has been fully scaled for fast operation and easy transaction processing. When a new child Blockchain or project is added to the network, this child Blockchain is under the security of the mainnet and works thanks to the mainnet’s validators. Thus, a new offspring Blockchain can be created in just a few hours. Cub Blockchains own tokens can be minted and adjusted for completely different uses.

Where to buy Ardor coins? How much is the ARDR price?

Ardor coin can be purchased on “trusted” cryptocurrency exchanges where it is listed. As of August 19, 2021, the price of 1 ARDR is around $0.26.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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