ArdorPrice

(ARDR)

Nxt was the foundational predecessor, recognized as one of the earliest pure Proof-of-Stake blockchains. Ardor represents the next generation, evolving Nxt's concepts into a robust multichain platform featuring a unique "Parent-Child" architecture. Ignis serves as the inaugural and main "Child Chain" within the Ardor network. It hosts the majority of the platform's functional features, such as secure messaging, decentralized asset exchange, and marketplace capabilities, allowing Ardor to focus on core security and consensus.

The Parent-Child architecture separates core blockchain functions. The Ardor Parent Chain is solely responsible for network security and maintaining consensus through its forging mechanism. Conversely, Child Chains, such as Ignis or dedicated business chains, execute and manage all the application-specific transactions and functionalities. This distinct separation allows child chains to operate efficiently and remain "light" by offloading the heavy computational burden of securing the entire network to the parent chain. This design enhances scalability and reduces bloat while ensuring every child chain benefits from the robust security of the Ardor main chain.

Blockchain bloat refers to the continuous growth in size of a blockchain's ledger due to accumulating historical transaction data, making it difficult for everyday users to run full nodes. Ardor effectively tackles this issue through a mechanism called "pruning." After child chain transactions are thoroughly verified and permanently recorded by the Ardor Parent Chain, their data can be safely removed from the active ledger. This historical data is then stored on specialized "Archival Nodes" rather than being kept by all full nodes. This ensures the main blockchain remains manageable in size, promoting greater decentralization and accessibility for network participants.

The ARDR token derives its value primarily from its essential role in securing the entire Ardor multichain network. While transaction fees on child chains are paid in their respective native tokens (like Ignis), these fees are collected by specialized network participants known as "Bundlers." Bundlers then use ARDR tokens to pay the Ardor Parent Chain forgers to include and secure those child chain transactions within a block. This creates a direct link: as more child chains are built and transaction volume across them increases, the demand for ARDR to cover these crucial security payments also rises, underpinning its intrinsic value.

Forging, Ardor's Proof-of-Stake consensus mechanism, is how new blocks are created and secured. To become eligible to forge ARDR, you must hold a minimum of 1,000 ARDR tokens in your account. Additionally, these tokens need to remain in your account for at least 1,440 blocks, which equates to approximately 24 hours, to allow your account balance to become "effective." Once these conditions are met, your node can begin participating in the forging process, contributing to the network's security and earning transaction fees. It's an energy-efficient alternative to traditional mining.

No, it is critically important to understand that if you lose your 12-word passphrase, it cannot be recovered by Jelurida, the developers, or any other party. The Ardor wallet operates on a non-custodial principle, meaning you have sole control and responsibility for your funds. Your passphrase is the only key to access your wallet and its contents. Therefore, users are strongly advised to meticulously secure and back up their passphrase in multiple safe, offline locations immediately upon wallet creation to prevent irreversible loss of assets.