• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
NewsBTC

HitBTC launches Ardor, redistributes ARDR between NXT holders

Jayanand Sagar by Jayanand Sagar
7 years ago
in
Reading Time: 3 mins read

October 13, 2016 HitBTC cryptocurrency exchange adds support for the freshly launched digital asset – Ardor. The new ARDR to BTC market is already open for trading on the HitBTC exchange.

Upon the idea of the Nxt development team, Ardor tokens will be distributed among NXT holders proportionally to their average NXT balances from July, 14 to October, 13, in 1:1 ratio. Due to the solid reputation of the Nxt technology and team, and having NXT/BTC market listed, HitBTC decided to support the initial ARDR distribution: The exchange will pass received ARDR coins on the accounts of its users, proportionally to the amount of NXT each HitBTC user holds. Paul Clarkson, product manager at HitBTC, says “Nxt has a great technology, reputed team, and tons of followers. The redistribution of Ardor tokens is our way to support the Nxt revolution, and we’re more than glad to do so. We reached out to the Nxt team beforehand to find out how to implement everything correctly, and it was a pleasure to cooperate with them.”

What is Ardor?

Ardor is a new blockchain platform, built on the Nxt technology by the Nxt core developers. Ardor is also called NXT 2.0, as it expands capabilities of the basic technology, by providing unlimited scalability, safe smart contracts, and customizable child chains.

Child chains are branches of the main chain that can be used by businesses, organizations, and users for different purposes, like setting up a private chain for secure data transfers, or a public one for marketplace activities. Therefore, child chains provide a Blockchain as a Service (BaaS) model, opening blockchain development to organizations and individuals across the world.

Here are the words of Travin Keith, Nxt foundation Web and Marketing Manager – “ Ardor will allow people to utilize blockchain technology without having to worry about the common issues that people face when setting up a blockchain, such as having enough nodes.”

Ardor also provides manageable blockchain size, which solves the problem of scalability by separating transactions and data that do not affect security from those that do, and moving all of those that don’t affect security onto child chains.

Moreover, decentralized voting and governance systems, introduced by Ardor, enable the ability to trade assets on any child chain for any of the child chain tokens. And Ardor’s phased transactions allow users to set multiple conditions before a transaction is executed, such as a minimum number of votes and a set amount of time.

Despite all advantages and improvements, the market value of Ardor remains an open issue. Paul Clarkson comments. “Clearly, the price of Ardor will be determined by the market, so it’s hard to make any predictions. But what we know is that NXT market cap, having gone through its ups and downs, now exceeds $11,000,000. So in my estimation, being “NXT improved”, Ardor should reach at least a $1,000,000 market cap effortlessly.”

About HitBTC 

HitBTC is one of the leading cryptocurrency exchanges, providing trading services for individual traders since 2013. The HitBTC trading platform is known for its advanced matching engine, multi-currency support and friendly customer service. Besides trading between cryptocurrencies, HitBTC provides proper markets for exchanging cryptocurrencies for fiat currencies, namely USD and EUR.

The innovative and technological nature of HitBTC is expressed in a stable dependable API, which satisfies the needs of algorithmic traders. Moreover, HitBTC provides support for FIX protocol through FIX trading and FIX Market data end-points.

https://hitbtc.com

Tags: ARDRbitcoin exchangebitcoin tradinghitbtcnxt
Tweet123Share196ShareSend
Jayanand Sagar

Jayanand Sagar

Related Posts

Bitcoin

Bitcoin Bulldozes Past $44,000 – Is $45K Next This Week?

6 hours ago
VESA at Cypher Capital

VESA at Cypher Capital

2 weeks ago
Fidelity

Crypto Acceptance Grows As Fidelity Joins Race For A Spot Ethereum ETF

3 weeks ago
XRP

Defensive Moves: XRP Bulls Firmly Shield $0.66 Before Ripple Swell 2023

4 weeks ago
Ethereum versus Bitcoin

Founder Thinks The Ethereum Chart Is “Gorgeous”: Is It True?

1 month ago
Solana

Crystal Ball For Solana: Envisioning A Staggering 2030 Valuation

1 month ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • Bitcoin Blasts Towards $50K as This New Presale Eyes $500K

    1 hour ago
  • Market Buzz: Could This Newcomer Surpass Dogecoin and PEPE...

    2 hours ago
  • VC Spectra’s Stage 5 Launch Rockets Past...

    7 hours ago
  • Beyond Ethereum (ETH): Crypto Enthusiasts Whisper About the...

    24 hours ago
  • Three Reasons to Get Positioned in Charitable Passive...

    1 day ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.