Ignis cryptocurrency (IGNIS)
Ignis is an integral part of the Ardor platform. This is the main child chain - fully functional and permissionless for everyday transactions with low fees. All transaction types and features of the Ardor platform are available on the Ignis child chain. Additionally, account-specific features such as setting account properties and multi-signature configuration (account management) are facilitated exclusively by Ignis but are available across all child chains. Ignis supports standard advanced privacy mechanisms, including coin shuffling and encrypted messages that can be securely transmitted to third parties.
Ignis Review
Ignis was created to demonstrate the ease of creating Ardor-based tokens. Ignis needs to be considered together with Ardor. The platforms were launched in early 2018 by the same authors who developed the Nxt coin (NXT) and Ardor.
Advantages of Ignis (IGNIS)
- Every business representative working with Ardor can create their own cryptocurrency. Ignis is an example creating such a subsidiary network.
- Simple smart contracts can be created with a little programming knowledge, and this will generally be enough to work with it.
- Payments can can be done offline, but if you need to confirm the identity of both parties, privacy can be controlled in the settings.
- Ignis allows you to experiment and create public applications with all the features available on the Ardor platform. No permission is required and you can simply install the software, download the blockchain, get some tokens from the exchange (or trade ARDR tokens on the chain), and then start using the API and coding. It really is that simple.
Disadvantages of Ignis (IGNIS)
- Ignis is part of Ardor, so there is no Ignis wallet exists. Its wallet is also inside the Ardor wallet. To store, send and share IGNIS, you need to set up an Ardor wallet.
- Ignis developers offer a framework for creating smart contracts, and competition in this area is very fierce.
