Swap Ardor (ARDR) Instantly

Ardor is a unique project that helps bring more people on to the Blockchain by making it easier for businesses to build applications. In 2017, following the Bitcoin bull run, Ardor price also rose dramatically. In this process, Ardor price hit an all-time high of $2.55 on January 13, 2018. Immediately after the peak, ARDR price started to drop and closed the year at $0.05. The next year was relatively stable without any major fluctuations in the Ardor price. At the beginning of 2020, Ardor price was just above $0.03 and it rose to $0.07 by mid-February. A correction followed this rise in March taking the price back to $0.03. Ardor price recovered in the second quarter and by June ARDR token was trading at 5 cents.

In the long run, 2025 to be precise, Ardor price will be in the range of $0.1 to $0.2. Moving further, it would be too early to predict the price of Ardor as it’s fairly new to the market. We believe that Ardor price will continue to grow in the future and reach new heights.

Ardor is a Blockchain as a Service (BaaS) platform developed by Jelurida. It was launched in January 2018 and runs on the Proof-of-Stake consensus mechanism. Building on the blockchain is quite complicated and might turn out to be expensive; Ardor solves this by providing the Businesses and Developers with easy to use and cost-effective tools to build applications on the blockchain.

Ardor uses a parent-child chain architecture to scale the blockchain and keep things smooth. Leveraging this tech, businesses can build side chains for applications and the transaction processing is handled by the parent chain, Ardor. Child chains can issue native tokens which can be used for processing transactions. Ardor employs pruning to remove unnecessary data from the child chains once the transactions are recorded in the parent chain, benefitting the scalability. Furthermore, all the child chains use the same source code paving way for interoperability. ARDR is the native cryptocurrency of the blockchain and used to generate new blocks on the parent chain, interestingly this process doesn’t result in the generation of new ARDR.