Ardor has a price of $ 0.105665 with a marketcap of $ 106.16 M. It ranks number 240 of all cryptocurrencies.
Ardor is a multichain blockchain platform with a parent-child chain architecture. The security of the whole network is provided by the parent Ardor chain while the interoperable child chains have all the functionality. The team of Ardor believes that this design and access to hybrid user permissioning capabilities are the key to the flexibility necessary for a variety of use cases and opens the door towards the mainstream adoption of blockchain technology.
Ardor was created with scalability in mind and solves many existing blockchain industry problems such as blockchain bloat, single token dependency, and the need for easily customizable-yet-compatible blockchain solutions. Ardor is based on Nxt technology and claims to offer the first pure proof of stake (PoS) consensus algorithm. Ignis is the first child chain of Ardor.