Ignis IGNIS

$0.0402
Market Cap $ 30.569 MM (#153)
24h Volume $ 918.233 K
Chg. 24h: 0.40%
Algo. score 2.7/5  (#782)
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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.

Abstract

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
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