elective-stereophonic
elective-stereophonic
Function of Ardor token singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.11.15 | Latest Experimental Nxt Client: Nxt 1.12.0e

Pages: [1] 2  All

Author Topic: Function of Ardor token  (Read 9702 times)

pablox45

  • Newbie
  • *
  • Karma: +0/-0
  • Offline Offline
  • Posts: 2
    • View Profile
Function of Ardor token
« on: September 19, 2016, 12:03:47 am »

New guy over here. Can someone point me in the right direction to help me understand what will be the function of the ardor token? Is it like ether for Ethereum? This is the only example that it is coming to my mind at the moment. Thanks in advance for your patience!
Logged

durerus

  • Hero Member
  • *****
  • Karma: +106/-8
  • Offline Offline
  • Posts: 527
  • user-owner
    • View Profile
Re: Function of Ardor token
« Reply #1 on: September 19, 2016, 03:02:38 am »

Welcome! Check the first link in my signature.
Logged

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: Function of Ardor token
« Reply #2 on: September 19, 2016, 09:46:42 am »

It's more like hashpower in Bitcoin or Ethereum. It is a scarce resource that allows the network to reach a consensus by preventing stuffing the ballot box.
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: Function of Ardor token
« Reply #3 on: September 19, 2016, 12:25:20 pm »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.
Logged

pablox45

  • Newbie
  • *
  • Karma: +0/-0
  • Offline Offline
  • Posts: 2
    • View Profile
Re: Function of Ardor token
« Reply #4 on: September 20, 2016, 12:33:05 am »

Thanks everyone!!  :D
Logged

HCLivess

  • Hero Member
  • *****
  • Karma: +121/-47
  • Offline Offline
  • Posts: 521
  • Hardcore Gaming CEO
    • View Profile
Re: Function of Ardor token
« Reply #5 on: September 21, 2016, 11:34:29 am »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Logged
Producing, Lending, Mining, Trading, Forging, Staking

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: Function of Ardor token
« Reply #6 on: September 21, 2016, 11:41:17 am »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Childchain fees.
Logged

martismartis

  • Hero Member
  • *****
  • Karma: +73/-10
  • Offline Offline
  • Posts: 1237
    • View Profile
Re: Function of Ardor token
« Reply #7 on: September 21, 2016, 12:07:33 pm »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Childchain fees.

Correct me if I'm wrong, but if you forge Ardor main chain blockchain block, you get Ardor. If you forge/bundle child chain block, you get child chain native token fees and this child chain forger/bundler needs to pay Ardor to Ardor main chain forgers for child chain block be included in Ardor main chain blockchain.
Logged

wolffang

  • Hero Member
  • *****
  • Karma: +98/-5
  • Offline Offline
  • Posts: 690
    • View Profile
Re: Function of Ardor token
« Reply #8 on: September 21, 2016, 12:30:16 pm »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Childchain fees.

Correct me if I'm wrong, but if you forge Ardor main chain blockchain block, you get Ardor. If you forge/bundle child chain block, you get child chain native token fees and this child chain forger/bundler needs to pay Ardor to Ardor main chain forgers for child chain block be included in Ardor main chain blockchain.

Correct but bundlers dont forge
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: Function of Ardor token
« Reply #9 on: September 21, 2016, 12:54:03 pm »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Childchain fees.

Correct me if I'm wrong, but if you forge Ardor main chain blockchain block, you get Ardor. If you forge/bundle child chain block, you get child chain native token fees and this child chain forger/bundler needs to pay Ardor to Ardor main chain forgers for child chain block be included in Ardor main chain blockchain.
Correct. It was discussed multiple times but I could not convince people that bundlers and Ardor payments are not needed in this process. :)
Logged

durerus

  • Hero Member
  • *****
  • Karma: +106/-8
  • Offline Offline
  • Posts: 527
  • user-owner
    • View Profile
Re: Function of Ardor token
« Reply #10 on: September 25, 2016, 08:37:51 am »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Childchain fees.

Correct me if I'm wrong, but if you forge Ardor main chain blockchain block, you get Ardor. If you forge/bundle child chain block, you get child chain native token fees and this child chain forger/bundler needs to pay Ardor to Ardor main chain forgers for child chain block be included in Ardor main chain blockchain.
Correct. It was discussed multiple times but I could not convince people that bundlers and Ardor payments are not needed in this process. :)
And I thank God every day that you couldnt  ;D
Logged

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: Function of Ardor token
« Reply #11 on: September 25, 2016, 09:01:27 am »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Childchain fees.

Correct me if I'm wrong, but if you forge Ardor main chain blockchain block, you get Ardor. If you forge/bundle child chain block, you get child chain native token fees and this child chain forger/bundler needs to pay Ardor to Ardor main chain forgers for child chain block be included in Ardor main chain blockchain.
Correct. It was discussed multiple times but I could not convince people that bundlers and Ardor payments are not needed in this process. :)
Often the bundler and the Ardor forger will be the same account. So then there is no separate bundler needed, the Ardor fees don't matter because the forger is paying them to themselves, and the fees they receive are in the child chain tokens.  So bundlers and Ardor payments are not actually needed if you do it this way. However, having forgers and bundlers be optionally separate is more flexible and enables some new use-cases.

I'm not sure if this is what you meant. Durerus reply made me think it wasn't.
Logged

lurker10

  • Hero Member
  • *****
  • Karma: +168/-33
  • Offline Offline
  • Posts: 1334
    • View Profile
Re: Function of Ardor token
« Reply #12 on: September 25, 2016, 09:38:31 am »

For all child chains but Ignis the bundler and the Ardor forger being the same should not be as common though.
Logged
Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7

NXT ENTERPRISE

  • Full Member
  • ***
  • Karma: +35/-14
  • Offline Offline
  • Posts: 194
    • View Profile
    • unanimously one
Re: Function of Ardor token
« Reply #13 on: September 25, 2016, 09:49:05 am »

Is it correct Ignis is NXT 2.0 with all the functions moved there in one year.

Ardor has not any public usable functions.

Does NXT 2.0 or Ignis have any new functions or upgrades to maintain price as the new system is still a year a way and are we going to hold an uptrend in Nxt?

Also BCNext seems alive and well making his last reddit post about Nxt..

https://www.reddit.com/user/BCNext

Would love to have him active even in just this forum..
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: Function of Ardor token
« Reply #14 on: September 25, 2016, 11:48:22 am »

Ardor token is your chance to forge a block. The more you have the bigger your chance to collect all childchains' fees in your forged block.

what is the reward for forging a block? more ardor?
Childchain fees.

Correct me if I'm wrong, but if you forge Ardor main chain blockchain block, you get Ardor. If you forge/bundle child chain block, you get child chain native token fees and this child chain forger/bundler needs to pay Ardor to Ardor main chain forgers for child chain block be included in Ardor main chain blockchain.
Correct. It was discussed multiple times but I could not convince people that bundlers and Ardor payments are not needed in this process. :)
Often the bundler and the Ardor forger will be the same account. So then there is no separate bundler needed, the Ardor fees don't matter because the forger is paying them to themselves, and the fees they receive are in the child chain tokens.  So bundlers and Ardor payments are not actually needed if you do it this way. However, having forgers and bundlers be optionally separate is more flexible and enables some new use-cases.

I'm not sure if this is what you meant. Durerus reply made me think it wasn't.
Your explanation is correct. Maybe Durerus responded in a such way because he afraids of something in this system?
« Last Edit: September 25, 2016, 11:54:33 am by blackyblack1 »
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: Function of Ardor token
« Reply #15 on: September 25, 2016, 11:50:59 am »

For all child chains but Ignis the bundler and the Ardor forger being the same should not be as common though.
Why do you think so?
Logged

lurker10

  • Hero Member
  • *****
  • Karma: +168/-33
  • Offline Offline
  • Posts: 1334
    • View Profile
Re: Function of Ardor token
« Reply #16 on: September 25, 2016, 12:08:54 pm »

For all child chains but Ignis the bundler and the Ardor forger being the same should not be as common though.
Why do you think so?

Supposedly businesses will approach Nxt devs and order a child chain on the platform. They will buy *some* Ardor tokens in the open market, enough to pay fees to Ardor forgers, but will not do Ardor forging themselves. They can, and it's not unlike hosting for instance. Organizations can set up a dedicated server in the office and use it to serve their website and some do that, but most of them outsource hosting to other companies who's business is hosting. It's cost efficient for them to outsource specialized tasks that are outside their scope. Do you have a different opinion about this?
Logged
Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: Function of Ardor token
« Reply #17 on: September 25, 2016, 04:24:06 pm »

For all child chains but Ignis the bundler and the Ardor forger being the same should not be as common though.
Why do you think so?

Supposedly businesses will approach Nxt devs and order a child chain on the platform. They will buy *some* Ardor tokens in the open market, enough to pay fees to Ardor forgers, but will not do Ardor forging themselves. They can, and it's not unlike hosting for instance. Organizations can set up a dedicated server in the office and use it to serve their website and some do that, but most of them outsource hosting to other companies who's business is hosting. It's cost efficient for them to outsource specialized tasks that are outside their scope. Do you have a different opinion about this?
For businesses it is easier to give some value to childchain tokens (eg by buying on the market) to make it attractive to Ardor forgers. Still no need for bundlers.
Logged

abctc

  • Hero Member
  • *****
  • Karma: +148/-13
  • Offline Offline
  • Posts: 1396
    • View Profile
Re: Function of Ardor token
« Reply #18 on: September 25, 2016, 07:00:05 pm »

For businesses it is easier to give some value to childchain tokens (eg by buying on the market) to make it attractive to Ardor forgers. Still no need for bundlers.
- easier? May be easier, but much more expensive. In case of their dedicated bundler they need to "buy" for ARDR only those childchain tokens that payed as fee, whereas on the market they ought to buy all the childchain tokens supply.
Logged
Welcome to the Nxt generation of crypto!   Magis quam Moneta (More than a Coin)
"Do not worry, it is an attack" (c) Jean-Luc

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: Function of Ardor token
« Reply #19 on: September 25, 2016, 07:16:57 pm »

For businesses it is easier to give some value to childchain tokens (eg by buying on the market) to make it attractive to Ardor forgers. Still no need for bundlers.
- easier? May be easier, but much more expensive. In case of their dedicated bundler they need to "buy" for ARDR only those childchain tokens that payed as fee, whereas on the market they ought to buy all the childchain tokens supply.
Actually the can just promise to buy childchain tokens. It will be enough to give incentive to forgers to include them in blocks. The only reason for bundlers to exist is subsidized or feeless child chains.
Logged
Pages: [1] 2  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly