Market Cap $ 30.569 MM (#153)
24h Volume $ 918.233 K
Chg. 24h: 0.40%
Algo. score 2.7/5  (#782)
Show Quick Stats

Ignis project purpose and description

Short description

The first child chain of Ardor will be the Ignis child chain which will use IGNIS tokens for its operation. All existing and well tested Nxt blockchain features will be available on the Ignis child chain, with multiple Ardor platform specific enhancements being added.


Ardor is a blockchain-as-a-service-platform that evolved from the time-tested Nxt blockchain. It is currently successfully running on a testnet and will be launched in Q4 2017. The unique parent-child chain architecture of Ardor, with a single security chain and multiple transactional chains, enables three fundamental advantages - reducing blockchain bloat, providing multiple transactional tokens, and hosting ready-to-use interconnected blockchains. To kickstart the Ardor project and allow it to compete with the rapidly-growing blockchain market, the development team behind Nxt and Ardor decided to conduct a crowdsale for 50 % of IGNIS – the token of Ignis, the first Ardor child chain. Jelurida will be the corporate entity that will be responsible for the development of Ardor and Nxt platform. The Ignis child chain will be completely unrestricted and decentralised with all features and functionality which currently exist on the Nxt blockchain. Multiple additional child chains can be created on the Ardor platform for various organizations, such as public entities, enterprises, consortiums, research institutions, and financial service providers. The platform technological innovations make it possible for large corporations and SMEs to have a child chain with ready-to-use features, instead of creating their own blockchain and developing features from scratch. Child chains can be implemented in a cost-efective way without compromising their security, which is guaranteed by the parent Ardor chain.

Link to Roadmap: https://www.jelurida.com/ardor-roadmap https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme