For the Crypto Mania, of course familiar with Ignis. Around January 6th, there was a notice from Bitcoin.co.id that the Ignis trade had already opened on their platform. Although the crypto merchants are familiar, but certainly not everyone knows and understand What Is Ignis?
Ignis is a derived crypto (chain-child) created or ICOed on 05 August 2017. Ignis became the first child chain on Ardor blockchain network that was allegedly will have the entire NXT feature, but there is an additional special Ardor-Specific. Put simply, Ignis has all the advantages of NXT coupled with better perfection. Ardor itself is a parent blockchain that enables the addition of derived chains by the mechanism of transaction processing through the Proof-of-Stake consensus (POS). This mechanism ensures the security and scalability of the underlying network chain. Transaction fees on a derivative chain will be paid with the Original Token.
In order for the scheme is easier to understand let us take the example, Ardor as a parent blockchain was already released in the third quarter of 2017 ago. However, users in the Ardor blockchain ecosystem are able to retain an account with balances across various derivative chains. Thus, by having 1 Ardor account, the user can save funds in various other derivative chains without having to bother switching the chain. Then the Ardor derivative chain is a new technology and does not represent a Sidechains approach like Lisk or Rootstock. Cross-chain / cross-chain transactions can be done very easily, because the derived chain is tightly integrated within the Ardor parent chain.
This is where Ignis was created as the First Derived Chain of the Ardor blockchain ecosystem. Ignis will be the only unrelated derivative chain. That is, the possibility of subsequent derivative chains will have restrictions on Anonymity as well as be limited to other important features. In contrast to the Ignis are deliberately created to have no restrictions whatsoever, so users can freely use Ignis without permission or any limit. Token Ignis allows users to instantly exchange IGNIS to ARDR or other tokens to be created next. This is done to ensure that Ignis are designed "Special", so that the latter competitor does not have the advantages possessed by Ignis. Actually, this way is arguably unfair, because on a blockchain it should transparency be number one, regardless of the wishes of the company or the crypto developer.
ICO Ignis (IGNIS)
Now that we know What the Ignis are, let's talk a little bit about the creation of Ignis in the early days. Tomorrow Igens has started on 5 August 2017. It consists of 5 separate batches that can be purchased at different times. Jeluride, The company behind Ardor and Ignis will only retain about 6% of the total created Token tokens, and sell about 44% of them in Crowdsale. While 50% token Ignis will be distributed free to the owner of NXT at the promo Ignis Airdrop take place.
But due to the lack of interest of trending to Coin IGNIS, since the launch of this coin continues to decline in price. You can see the price scheme that has dropped considerably since its launch.
