Review on Ignis by Othere Obtentus

Name: Ignis
Item: Ignis
Rating: 3

November 06, 2020

First child chain of Ardor blockchain

The Ignis chain contains features such as the issuing and distribution of digital assets on a built-in decentralized exchange, the launch of voting networks, the development of arbitrary messaging applications, the transmission of private transfers and distributed cloud storage. The prospective use cases of these features are further expanded by creative services such as lightweight contracts, account and asset monitors, and composite incremental transfers.
The Ardor parent chain 's proof of stake consensus bundles and authenticates Ignis transactions. Bundlers could be operated by anybody and are nodes that receive transaction fees when paying with ARDR tokens in the native child chain token, IGNIS, to transfer child chain transactions to the parent chain for confirmation.
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Pros