Leading decentralised financial platform Nxt is developing Ardor, the first ever scalable platform using blockchain technology. Ardor will be the first blockchain to give businesses and governments unlimited scalability with blockchains. Anyone will be able to invest in Ardor by holding the NXT currency.

Ardor snapshotting process has now begun. Those interested in a stake in Ardor can get it by holding Nxt (version 1.9 launched on July 14th). From July 14th to mid October 12th (Block 1,000,000), all NXT currency owners will be given a stake in Ardor, at a ratio of 1:1.

In addition, the Nxt team has partnered with Bitpanda in the EU to enable anyone to buy the NXT currency with EUR. This is the first time people outside the blockchain community will be able to invest in an easy and secure way. Ardor token holders will be able to trade them as they wish until the launch of Ardor in Q3 2017.

Building on Nxt’s proven technology, developers designed Ardor to function beyond financial exchanges. The platform will be open to everyone, including individual users, fintech start-ups, banks and governments. For the first time any business will be able to create its own blockchain with code and technology secured by the entire ecosystem.

“Ardor is the next generation blockchain-as-a-service platform. Built on the successful Nxt technology, Ardor is designed with unlimited scalability, safe smart contracts, and customizable child chains. These innovations boost business profits, efficiency, and security”, the website reads.

Ardor offers a Decentralized Asset Exchange/stock market. The platform enables trading and interaction of assets on any child chain. This creates a thriving economic ecosystem on the Blockchain, where there are already companies using the exchange to pay dividends and source international investors. Other innovations include Decentralized Voting and Governance Systems, and, Smart/Phased transactions, whereby users will be able to set multiple conditions to execute a transaction, such as the completion of contracted duties. It will also enable businesses to automate their payments and transactions.

“Ardor will deliver the functions that many of our users have requested and suggested. Given recent concerns regarding security within the digital currency sector, the architecture behind Ardor will open up opportunities to a broad base of potential users who wouldn’t normally interact using blockchain technology”, Dave Pearce, Director Nxt Foundation, said.

The Nxt Foundation, a non-profit organisation responsible for promoting and facilitating the growth of Nxt, Ardor, and blockchain technology, announced last week that three major exchanges for NXT have agreed to distribute Ardor tokens to customers. Poloniex, BTC38, and Bittrex will all run internal snapshots of their customer NXT balances synchronized with the main blockchain.