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Ardor ARDR Price

$0.067

-6%

$0.066

24h Range

$0.072

Market Cap

$66,867,813.0

Fully Diluted Valuation

$67,050,002.8

24 Hour Trading Vol

$11,210,299.0

Circulating Supply

998,466,231.0

Total Supply

998,466,231.0

Max Supply

Info

ARDR Price Statistics

Ardor Price

$0.067

24h Range

$0.066 - $0.072

Percent Change 1h

1.05%

Percent Change 24h

-6%

Percent Change 7d

-16.53%

All-time high

$2.04

All-time low

$0.008745

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About Ardor

What is Ardor (ARDR)?

Ardor (ARDR) is a blockchain platform that aims to solve the issues of scalability and bloat that many blockchain systems face. Launched in January 2018 by the Nxt community, Ardor is a multi-chain architecture that allows users to create their own custom blockchains, known as "child chains," which are secured by the main Ardor blockchain. This design enables high transaction throughput and flexibility while maintaining the benefits of decentralization. As of 2024, Ardor supports various use cases ranging from token creation to decentralized applications (dApps), providing a robust environment for developers and businesses alike.

Who are the Founders of Ardor?

Ardor was developed by Jelurida, a software company founded by a team of blockchain enthusiasts, including Lior Yaffe and his colleagues. Lior Yaffe, one of the key figures behind Nxt, played a crucial role in the development of Ardor, bringing his experience in blockchain technology and innovative thinking to the project. Jelurida is focused on providing blockchain solutions and has a commitment to furthering the ecosystem through ongoing development and support.

How does Ardor Work?

Ardor operates on a unique architecture that separates the concerns of security and transaction processing. The main chain, Ardor, secures all transactions and maintains the overall network integrity, while child chains are created for specific applications or businesses. These child chains can have their own tokens and functionalities, allowing for customization without burdening the main chain with excessive data. The main chain uses a Proof-of-Stake (PoS) consensus mechanism, where holders of ARDR can participate in block forging and earn rewards. This structure enhances scalability and allows for a more efficient transaction process, making Ardor capable of handling thousands of transactions per second.

Top Use Cases of Ardor

Ardor has various use cases that illustrate its versatility and functionality:

  • Token Creation: Businesses can easily create their own tokens on the Ardor platform without needing extensive blockchain knowledge.
  • Decentralized Applications (dApps): Developers can build and deploy dApps on child chains, benefiting from Ardor's scalability.
  • Asset Management: Ardor allows for the creation and management of digital assets, making it suitable for businesses looking to tokenize real-world assets.
  • Voting Systems: The platform can be utilized for secure voting solutions, providing transparency and immutability.
  • Supply Chain Management: Ardor's capabilities can be leveraged to track and manage supply chains, ensuring transparency and trust.

How to Keep your Ardor Safe?

Securing your Ardor (ARDR) is crucial for protecting your assets. Here are some best practices:

  • Use a Secure Wallet: Store your ARDR in reputable wallets that support the token, such as the Ardor wallet or hardware wallets for added security.
  • Enable Two-Factor Authentication: Always enable 2FA for any exchange or wallet that provides it to add an extra layer of security.
  • Keep Your Private Keys Safe: Never share your private keys and always store them securely offline or in a password manager.
  • Regular Updates: Keep your wallet and any related software up to date to protect against potential vulnerabilities.
  • Be Wary of Phishing: Always verify the authenticity of links and emails related to your Ardor holdings to avoid phishing attacks.

How to Invest in Ardor (ARDR)?

Investing in Ardor (ARDR) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Ardor: Once your account is funded, you can purchase Ardor directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Ardor (ARDR) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Ardor using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Ardor (ARDR) in the Long Term?

Ardor (ARDR) is currently trading at $0.067 and exhibits good potential for future growth. Check the latest Ardor (ARDR) price prediction.

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