Topic: Function of Ardor token (Read 9813 times)

pablox45 · « **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!

durerus · « **Reply #1 on:** September 19, 2016, 03:02:38 am »

Welcome! Check the first link in my signature.

Brangdon · « **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.

blackyblack1 · « **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.

pablox45 · « **Reply #4 on:** September 20, 2016, 12:33:05 am »

Thanks everyone!!

HCLivess · « **Reply #5 on:** September 21, 2016, 11:34:29 am »

Quote from: blackyblack1 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.

what is the reward for forging a block? more ardor?

blackyblack1 · « **Reply #6 on:** September 21, 2016, 11:41:17 am »

Quote from: HCLivess on September 21, 2016, 11:34:29 am

Quote from: blackyblack1 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.

what is the reward for forging a block? more ardor?

Childchain fees.

martismartis · « **Reply #7 on:** September 21, 2016, 12:07:33 pm »

Quote from: blackyblack1 on September 21, 2016, 11:41:17 am

Quote from: HCLivess on September 21, 2016, 11:34:29 am
Quote from: blackyblack1 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.

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.

wolffang · « **Reply #8 on:** September 21, 2016, 12:30:16 pm »

Quote from: martismartis on September 21, 2016, 12:07:33 pm

Quote from: blackyblack1 on September 21, 2016, 11:41:17 am
Quote from: HCLivess on September 21, 2016, 11:34:29 am
Quote from: blackyblack1 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.

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

blackyblack1 · « **Reply #9 on:** September 21, 2016, 12:54:03 pm »

Quote from: martismartis on September 21, 2016, 12:07:33 pm

Quote from: blackyblack1 on September 21, 2016, 11:41:17 am
Quote from: HCLivess on September 21, 2016, 11:34:29 am
Quote from: blackyblack1 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.

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.

durerus · « **Reply #10 on:** September 25, 2016, 08:37:51 am »

Quote from: blackyblack1 on September 21, 2016, 12:54:03 pm

Quote from: martismartis on September 21, 2016, 12:07:33 pm
Quote from: blackyblack1 on September 21, 2016, 11:41:17 am
Quote from: HCLivess on September 21, 2016, 11:34:29 am
Quote from: blackyblack1 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.

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

Brangdon · « **Reply #11 on:** September 25, 2016, 09:01:27 am »

Quote from: blackyblack1 on September 21, 2016, 12:54:03 pm

Quote from: martismartis on September 21, 2016, 12:07:33 pm
Quote from: blackyblack1 on September 21, 2016, 11:41:17 am
Quote from: HCLivess on September 21, 2016, 11:34:29 am
Quote from: blackyblack1 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.

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.

lurker10 · « **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.

NXT ENTERPRISE · « **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..

blackyblack1 · « **Reply #14 on:** September 25, 2016, 11:48:22 am »

Quote from: Brangdon on September 25, 2016, 09:01:27 am

Quote from: blackyblack1 on September 21, 2016, 12:54:03 pm
Quote from: martismartis on September 21, 2016, 12:07:33 pm
Quote from: blackyblack1 on September 21, 2016, 11:41:17 am
Quote from: HCLivess on September 21, 2016, 11:34:29 am
Quote from: blackyblack1 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.

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?

blackyblack1 · « **Reply #15 on:** September 25, 2016, 11:50:59 am »

Quote from: lurker10 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.

Why do you think so?

lurker10 · « **Reply #16 on:** September 25, 2016, 12:08:54 pm »

Quote from: blackyblack1 on September 25, 2016, 11:50:59 am

Quote from: lurker10 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.
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?

blackyblack1 · « **Reply #17 on:** September 25, 2016, 04:24:06 pm »

Quote from: lurker10 on September 25, 2016, 12:08:54 pm

Quote from: blackyblack1 on September 25, 2016, 11:50:59 am
Quote from: lurker10 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.
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.

abctc · « **Reply #18 on:** September 25, 2016, 07:00:05 pm »

Quote from: blackyblack1 on September 25, 2016, 04:24:06 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.

blackyblack1 · « **Reply #19 on:** September 25, 2016, 07:16:57 pm »

Quote from: abctc on September 25, 2016, 07:00:05 pm

Quote from: blackyblack1 on September 25, 2016, 04:24:06 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.

News:

Author Topic: Function of Ardor token (Read 9813 times)