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Latest Nxt Client 1.11.5 - NEW RELEASE: Ardor 2.0.3e TestNet IS LAUNCHED!

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Author Topic: [ANN] Ardor, or Nxt 2.0, a Scalable Child Chain Platform  (Read 26164 times)

martismartis

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Ok. so going forward forging will only be on the Ardor chain but will include forging profits from all child chains?

Yes.

I don't think Ardor forgers gets profit from child chains. Child chain native fees will go to child chain block bundlers, who will pay Ardors to Ardor main chain forgers. Correct me if I'm wrong.

lurker10

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Ok. so going forward forging will only be on the Ardor chain but will include forging profits from all child chains?

Yes.

I don't think Ardor forgers gets profit from child chains. Child chain native fees will go to child chain block bundlers, who will pay Ardors to Ardor main chain forgers. Correct me if I'm wrong.

I don't think you're wrong. That still can be called forging profits :) Like you know, Ardor holders forge and get profits from that activity, they don't care that fees don't come directly from child-chain users, they get forging fees from "someone", and these are forging profits in my dictionary :)
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lurker10

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awesome - thank you for clarifying. That's is very exciting. If I understand correctly though the snapshot for the first child coin will not include ardor holdings. hmm... decisions... decisions... Is that snapshot still scheduled for Jan 1st?

Ardor is Ardor, it's been distributed already.
IGNIS is the first child chain, to be distributed when the snashot is taken, but it was never scheduled for Jan 1st as far as I know. January is the start of testnet.
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P4ndoraBox

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As seen on www.ardorplatform.org

''Because it is 100% Proof-of-Stake, no additional processing will be needed for mining as no new tokens will be created.''

Can someone develop a bit of that statement ?

Will we be able to Stake our Ardor by forging...Or just staking...I'm not sure to understand.

Thank you.

farl4bit

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As seen on www.ardorplatform.org

''Because it is 100% Proof-of-Stake, no additional processing will be needed for mining as no new tokens will be created.''

Can someone develop a bit of that statement ?

Will we be able to Stake our Ardor by forging...Or just staking...I'm not sure to understand.

Thank you.

In Ardor, no extra coins are mined. There is a fix supply of coins and with Proof-of-Stake the network is secured and consensus is reached. Yes, you can forge with Ardor. Holding it in your account and with forging enabled, you can create blocks and earn the fees inside those blocks.

Brangdon

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I don't think Ardor forgers gets profit from child chains. Child chain native fees will go to child chain block bundlers, who will pay Ardors to Ardor main chain forgers. Correct me if I'm wrong.
That's correct, but in practice most forgers will also be bundlers, at least for the major child-chains. There's not a lot a 3rd party bundler can do that a forger can't do for themselves more efficiently.

I believe the main role for a non-forging bundler is to sponsor a child-chain, making its fees lower than they otherwise would be if it were left to forgers.

''Because it is 100% Proof-of-Stake, no additional processing will be needed for mining as no new tokens will be created.''

Can someone develop a bit of that statement ?
It's contrasting Ardor with Proof of Work coins like Bitcoin. Bitcoin mining uses massive processing power for hashing; its security relies on wasting 12.5 BTC worth of electricity every block. Ardor won't have that overhead.

Quote
Will we be able to Stake our Ardor by forging...Or just staking...I'm not sure to understand.
Yes you will, but because the number of Ardor coins is fixed, you'll only get the transaction fees for the blocks you process. There is no block reward in Ardor, no equivalent to the 12.5 newly created Bitcoins that Bitcoin miners get in addition to their transaction fees.
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P4ndoraBox

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Thank you Farl4bit and Brangdon. Very appreciated.

lurker10

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cryptAnalyzer

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Nice and neat. You guys have a great taste in finding the right name: Ardor  :)

cryptAnalyzer

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Yeah its a great name
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