Ignis is one of the child or child chain projects linked to the Ardor Blockchain. As a result of being a child chain, it inherits all the functionality of Ardor and NXT. At the same time, the project adds unique tools. In this article, as Kriptokoin.com, “What is Ignis?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is ignis? What does IGNIS do?
The platform aims to become a next generation Blockchain focused on Ardor’s Blockchain. The Ardor main chain handles transactions. It offers security and scalability possibilities for the “pup” like Ignis. It is quite important to note that the platform has its own currencies on its child chains.
How does Ignis work?
The project encompasses a multitude of various features and functionality, from an asset exchange to a composite phase. Also, none of these functions are natively available for Ardor. Ignis provides more additional features while preserving the security and core technologies found in NXT. The aspect of the project mixing Coins is also worth considering. While the platform does not provide complete anonymity, it does have a privacy feature that allows users to mix their funds quickly and efficiently through random mapping. This mixing is associated with the Ignis currency system, which allows users to create and trade user-defined Tokens on their own sub-chains. At the same time, all this “money” can be traded freely using the DApp exchange feature or through external exchanges. This is an important feature that any company that will need its own local currency in the future should focus on. The phased features of the project allow transfers to benefit from deferred execution regardless of the circumstances associated with the transfers.
For example, it is possible to run a crowdfunded VC firm on the Ignis platform. Company shares can be sold on Ignis to raise money. It also affects how payments are made between the VC firm in its loan portfolio and the ventures it invests in. Payments can be successful if the majority of other asset holders approve. Specific conditions like these allow for many different business models in which most consensus-based processes can be completely decentralized.
What is ignis? How to buy IGNIS?
Exchanges traded with Ignis; They are HitBTC, Bittrex, ProBit Global, Bitrue, AEX. These steps are followed to buy coins. First of all, access the web/mobile application of the exchange that lists the IGNIS you have chosen as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, select IGNIS with the balance amount you want and create a purchase order. Store it in your trusted accounts.
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