Ardor gets Listed on Binance
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Ardor gets Listed on Binance

The cryptocurrency exchange giant Binance has supported Ardor and has listed Ardor on its platform.

The Twitter handle of Binance reads as:

Ardor is available for trading as of 11 am UTC on Wednesday in three pairs – with Ethereum (ETH), Bitcoin (BTC), and Binance’s own token, BNB. Deposits are already open in preparation for trading.

Binance

Binance is the largest multilingual cryptocurrency exchange in terms of volume of data which provides a liquid and secure marketplace for all cryptocurrencies.

Binance has become so popular due to some of the factors such as availability in multiple languages, a very neat user interface, and it also enables processing the orders at an extremely high speed.

About Ardor

Ardor is a blockchain-as-a-service platform that allows people to utilize the blockchain technology of Nxt through the use of child chains. Child chain creators do not have to worry about common issues when creating a blockchain as well as securing it with enough nodes as all the processing is done on the Ardor main chain.

Child chains are able to utilize features currently seen in Nxt such as decentralized phasing, voting, and trading, as well as interactions with other child chains on the platform, including IGNIS, the first child chain to be launched.

At the time of writing, Ardor is trading at $0.275467 USD with a market capitalization of $275,191,394 USD. Ardor also offers businesses a powerful blockchain environment with a very customizable infrastructure.

What is Nxt?

Nxt was first launched in 2013 and represented one of the first ICOs to ever launch a cryptocurrency. Nxt is one of the first projects with a blockchain coded from scratch. It was also the first blockchain platform to fully and successfully implement the PoS (Proof-of-Stake) algorithm.

The problem with Nxt is that it is represented by its usage of native tokens for transaction fees and blockchain bloat. Any user who wants to operate a node is required to download hundreds of GB of data in order to get a node running. The storage needed for operating a node increases with an increase in the number of transactions.

Ardor improves the way new blockchains get implemented. It separates security and functionality with the help of multiple chains. So any new project on Ardor is created as a child chain.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.