What is Ardor Who Dares to Challenge Ethereum?

What is Ardor? Ardor is a blockchain service platform that allows people to develop their own sub-chain systems using NXT's blockchain technology.

Project Functions:
1.open platform
Ardor opens a blockchain development platform for all organizations and individuals. All of them can develop their own chains on the system, and the high threshold of blockchain will disappear.

2.strong scalability
Ardro can manage the scalability of the system by managing the blockchain capacity by separating it from the data without compromising security.

3. cross-chain trading
The Ardor system is able to exchange sub-chain tokens on any sub-chain, allowing sub-chains to interact with one another and opens up many opportunities for collaboration, allowing for cross-chain asset transactions in the future.

4. anonymous voting
Ardor has created a secure, anonymous voting system that leverages a distributed voting system to achieve community governance, which will greatly enhance the community's value proposition and maintain system stability.

5. smart trading
Before executing a transaction, the user can set multiple conditions including the minimum number of votes and the amount of time set, and Ardor will use the smart contract to facilitate the transaction.

Project Features:
1. the transaction speed is fast
The Ardor system can control the size of the block by separating the data. Use sub-chains that create small data to speed up data packaging and complete transactions quickly. It is understood that each block containing all sub-chain transactions is processed in about 60 seconds, which shortens the transaction time.

2. strong scalability
The Ardor system can improve the number of sub-chains, reduce the size of the blockchain, and improve the scalability of the entire blockchain by trimming the sub-chain transaction data.

3.data security
Founded by Jelurida, the Nxt core development team, Ardor has years of security and stability.


Investment Advice
Advantage:
1. the team is strong
The team members are the core members of the NXT project. They have many years of experience in project development, and have the technical strength to ensure that the technical difficulties of the project can be broken through, which ensures the safety and stability of the project.

2. the market is broad
After the project is completed, it has a wide application space. At present, the project has introduced some projects in the ecosystem. If it can be widely used and allowed to be used by more organizations and individuals in the future, profit margins can be guaranteed and the ardor price will soar.

3. strong technical reserves
The NXT project provides Ardor with a strong technical reserve to ensure the security and stability of the Ardor system, while providing a large number of nodes to use, making the Ardor project no worries.

Disadvantages:
1. Strong competitors
At present, many projects are developing platform services that provide blockchain. Ardor has more competitors than one, such as ETH (ethereum coin), EOS, ADA, etc., all of which use smart contracts to create blockchain applications, so the prospects of Ardor project are unclear.

2. The lack of project's consensus mechanism
The current value consensus of the project needs to be strengthened, the construction of the community needs to be improved, the project visibility is low, and the publicity is not in place.

You can pay attention to the ardor coin news if you want to get the latest news about Ardor, but I don't think ardor has a good investment value.

What is the Reason Behind the Departure of Ripple’s General Counsel?

Ripple is currently preparing for a class action lawsuit on whether its XRP cryptocurrency (ripple coin) is a security. In this embarrassing period, it was reported that Ripple's general counsel, Brynly Llyr, withdrew from the company, and Ripple confirmed the news.

According to Llyr's profile on LinkedIn, she has served as Ripple's general counsel since November 2016 and previously held senior legal positions at PayPal and eBay. Although there is currently no reason for her departure, a Ripple spokesperson said her departure was a "common decision" between her and the company.

So far, Ripple is still being sued for different allegations. However, according to official sources, “the spokesperson did not respond to an investigation into whether Llyr’s departure would have any impact on the legal struggle”. As reported in July, the company hired Mary Jo White, the former chairman of the US Securities and Exchange Commission (SEC), and reportedly aimed to oversee the situation that XRP is not a security.

Regarding this issue, the source also stated, “For its part, Ripple has long denied that XRP is a security measure. At the same time, the US Securities and Exchange Commission did not publicly comment on the matter, although the office has already stated that Bitcoin and Ethereum (eth to usd price has fallen dramatically beblow $200 today) - There are only two cryptocurrencies with a tradable valuation higher than XRP - they should not be classified as securities under current US law.

Ripple believes that XRP created before the company was formally established is not security. If it is a security, Ripple is faced with matters such as registration and disclosure. Ripple has a huge inventory of crypto assets and has already touted plans to use XRP for payments. The case is pending in federal courts and may have an impact or embarrassment throughout the cryptocurrency industry, as other token issuers may also face more censorship of unregistered securities transactions.

While it is not certain whether Llyr's departure will have an impact on the legal battle, it is certain that Ripple to usd price has fallen below $0.3 since the news of Llyr's departure was revealed. And Llyr’s departure has to cause people to think about this case. Ripple has been plagued by this case for a long time. Does Llyr’s departure indicate a bad result of this case? What is the real reason behind the departure of ripple’s general counsel? Do you think this will have an impact on the legal battle? You can pay more attention to the xrp news if you want to get more info next.