NXT on the rise? What was going on there? Had not been updating the NXT blockchain for a while on my office computer. Downloaded latest version, getting closer to 2.0 in a fast pace. Had to be something to do with developement. NXT went up to almost 2 eurocent in market value. Exciting news, NXT 2.0 coming and it is called Ardor. Must be very special, promising future and a very cool deal offered by the NXT developement team. Time to buy some NXT now?
Now with the recent Ethereum DAO incident in mind it seems that Ardor has been announced at the right time. NXT 2.0, Ardor, will incorporate childchains. And this might be something that will become quite a big attractor in the near future to the NXT 2.0 platform. The idea to move all their innovations to childchains got my attention anyway. Specially because this would liberate the Monetary System, which would be worth the wait. Finally the TORUM, released on the NXT 1.0 Monetary System, can be traded in Ardor. Just like Assets and much more, according to the roadmap.
The developement team made a smart move in offering Ardor for NXT. Based on the average of NXT that is in a certain account for a period of time, starting from 14th of juli 2016. Which might explain the pre-run on NXT that is currently pushing the price up quite fast. Getting in while the price of NXT is still relatively low, means getting in on Ardor(NXT 2.0) cheap. And I'm thinking about selling my other coins for NXT, so I can have some fun with it when TORUM is on it's own childchain somewhere in 2017. And to get mining SHA3 for more TORUM some NXT is needed also. Maybe 'ShapeShift' some to play with.
One thing that got me somewhat sceptic about the blockchain technology right from the start was the 'forever' growing part of it. Added to the logic that only a certain amount of transactions can fit into a block, made me even more sceptic. In short meaning that nothing can scale in size for ever. Now I do not know if Ardor can keep the scale withing certain limits. The childchain developement will keep the mainchain more slick. And with the move from NXT 1.0 to 2.0 a lot of data purging will be done. So there might be a solution, to get to a more natural system of roulating the proces, just like nature does.
In a sence it looks like dropping most of the old blockchain data, keeping the balances, starting a new chain, splitting into childchains, that not everybody needs to keep. All purging into new fresh planted seeds growing new plants. So bye bye old obstructing data, hello fresh new chain? Looks like it. And if so, then Ardor is the one that will get to the next level. And if it proves the promise, than it would make me less of a sceptic.
At least I allready enjoy the thought of TORUM getting it's own childchain and becoming free to trade!
Now where had I left that miner...?