The price of Ignis has beentrending at $0.027 at the time of reporting. Ignis is the first child chain ofArdor.
Child chains are a lot similar toside chains. The purpose of child chainsis to help the network scale globally. The child chain will, therefore, function as a separate entity with itsnative token. However, it gotsynchronized with the global network architecture of the parent Ardor.
The Ardor website states: “The Ardor Platform operates as a Blockchain-as-a-Service solution. Targeting businesses, Ardor offers individual Blockchain, known as child chains that are ready to install and implement. The most used and tested features are available out-of-the-box without coding or programming knowledge.”
Sydney Ifergan, the crypto expert, tweeted: "Ignis and related child chains from Jelurida address the issue of Blockchain bloating. Preventing bloating is a method to future proof the network while improving scalability. They are trying to solve it in a very fundamental way."
Ignis started as a test chainused to establish the functionality of the child chains. It was used toidentify how fast the network can run further to see whether it will clog upthe parent network.
A child chain can define thevalue of its token. Therefore, IGNIS canbe further exchanged with any other coin through an Ardor decentralized coinexchange. The transaction fees for thechild chain are paid in its native token. A business will be able to subsidize the transaction fees for the childchain in a way to facilitate zero payments for its users.
Ignis is the main public childchain, and it has fully functional features. Further, businesses or projects will be able to create new child chainsto suit their needs. Child chains in Ardor are dedicated to helping withindividual blockchains.
All the action happens on Ignis,while Ardor Chain facilitates the security of the whole network. Ignis can do a lot of things for the use ofindividuals or by serving as a basis for the blockchain project. Ignis consists of a fully decentralized assetexchange platform combined with other activities like, “voting, messaging, monetarysystem, the marketplace, data cloud, conditional execution of transactions, shufflingand more.”
The “stateless lightweight smartcontracts" are used to automate calls to the platform's APIs across childchains. It is further deployed exclusively on the Ignis child chain.
The Jelurida white paper detailsthe goals of Ardor and Ignis. Ignis has all the features available in the Nxtblockchain. The Ardor Parent Chain and Child Chains share the same source codeand provide for the same security guarantees.
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