Following previous Forbes despatches about advanced blockchain platform Nxt that has extended the basic functionality of the initial wave of cryptocurrencies, from this weekend retail investors have for the first time been able to buy and store a number of currencies and assets on the provider’s new Ardor platform.
As a Decentralized Asset Exchange or stockmarket (i.e. trading without a centralized system), Ardor is described as a “secure and scalable environment” that is free from third-party involvement. The developers who designed it had in mind that Ardor functions beyond financial exchanges.
And, from Saturday 16 July investors outside the blockchain community have been able to purchase NXT and claim Ardor tokens as an investment with euros.
In what could be described as democratizing the blockchain and enabling further access to the technology, the platform will be open to everyone, including individual users, banks, fintech start-ups and even governments. This is whether they want to use such scalable blockchain technology and/or invest in it.
Users will be able to create their own blockchain technology with Ardor’s ‘Child Chains’, which are based on technologies built on the Nxt 1.0 cryptocurrency and the blockchain. Digital currency and fintech concept. (Image: Shutterstock). Recommended by Forbes
Child Chain: Concept
As a ‘Blockchain-as-a-Service’ (BaaS) platform, the child chain is effectively a ‘light’ blockchain that can be customized to a certain degree and has been designed to allow easy self-deploy or create your own blockchain.
Nxt, which was established in 2013, claims that users will “not need to worry” about security, as that part is now handled by the main blockchain. And, this it is claimed is the main innovation of Ardor.By virtue of a child chain, users have a decentralized infrastructure that allows them to build an ecosystem that they can manage “without any chance of unwanted censorship, downtime or […]
