Review on Ignis by Hassan Abdullahi
Ignis is simply another upcoming crypto-project, it just needs more publicity and awareness
Ignis, which is part of the Ardor project, features a system design that allows several blockchains, known as child chains, to coexist on the platform.
Known and established NXT blockchain functionality may be accessed on the Ignis chain.
However, I feel it is a fantastic concept, and based on most of their recent actions and progress, I am certain that IGNIS will succeed in the future days.
Ignis use proof of stake (POS) rather than proof of works (POW).
One of my best parts of the Ignis platform was the cheap transaction charges in comparison to many other cryptocurrencies.
On the other hand, the firm has a lot of nice features, unfortunately, it is quite unpopular, resulting to low price of the IGNIS token.
Pros
- the project is highly scalable
- the project uses a low fees
Cons
- Awareness and popularity seems to be a major problem here
- The token has a low market price
