Review on Ignis by Paul Maduagwu
Ignis is a child chain of Ardor.
Ignis $IGNIS apparently is a child chain of the Ardor parent blockchain. Ignis is the main child chain of the parent Ardor chain, which also gives it all the properties of the parent chain like its privacy, quick and cheap transactions. At the point of writing this review, its is trading on about 15 markets including Upbit, HitBTC, Probit, Bittrex Exchange etc. With its price is hovering around $0.02 according to CoinmarketCap.
Ignis has made it easy for developers/users to setup a wallet to manage their $IGNIS securely or to build applications and run smart contracts using the child chain. The project itself has a few innovations like its marketplace built into its official wallet, where users can list products for sale or buying products securely without any middlemen. The transactions are handled by the blockchiain. Also its Exchange product is worth noting too, a decentralized exchange built for trading Ignis assets.
The project is growing, and has good technology. It only needs more adoption in my opinion.
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Pros
- Decentralized and fully customizable side chain.
- Cheap and fast transactions.
- Good social media activity.
- Official wallet support for major mobile and Desktop operating systems.
Cons
- Relatively low trading volume.
- Listed on a handful of exchanges.
