IGNIS coin is the platform token of the Ignis child chain under Ardor, also known as Fire Chain. It was issued on December 14, 2017, with a total supply of 1,000,000,000 IGNIS.
Ardor is the next-generation scalable blockchain platform. Its unique design allows for multiple blockchains to coexist simultaneously, called child chains, which have many features and are secured globally by the parent Ardor chain.
The first child chain of Ardor is the Ignis child chain, which operates using IGNIS coins. All existing and well-tested Nxt blockchain features will be available on the Ignis child chain, with additional enhancements specific to the Ardor platform added. Ignis can serve as both a proof-of-concept for the features and capabilities of the Ardor blockchain and as a project with its own set of characteristics and features.
The Ignis child chain offers a wide range of features that can also be used on any child chain, including coin exchange, voting systems, marketplaces, data clouds, and more. Moreover, while some features are exclusive to Ignis, Ignis facilitates these features in other child chains. For example, Ignis assists in setting account properties and account controls across all child chains. Account control enables child chain operators to set mandatory approval procedures using multi-signature functionality. Similar restrictions can be applied to asset trades. This feature makes Ardor particularly suitable for enterprise adoption, as enterprises often require segregation of duties for financial transactions and other sensitive transactions.
Ignis also provides users with access to lightweight smart contracts, which offer an additional layer of automation on top of the Ardor child chain API. Lightweight smart contracts do not require validation from every node, and since they are stateless, they pose a smaller threat to the network if the contract is compromised or configured maliciously. Any user who wants to configure a lightweight smart contract to interact with their child chain can do so using Ignis.
IGNIS coin is the token of the Ignis child chain, used to pay transaction fees. It can be purchased on the Ardor decentralized trading platform. However, it is also available through many other exchanges, including Bittrex, ChangeNow, Changelly, and Upbit.
IGNIS Founding Team and Background:
The project is developed by Jelurida, a company that positions itself as an open-source blockchain supplier. Since 2013, the team has been creating innovative cryptographic solutions.
Kristina Kalcheva is a Co-Founder, Managing Director, and Legal Expert. Kristina Kalcheva is a legal expert and co-founder of Jelurida. She holds an LL.M. degree in Law and International Relations from Sofia University and served as a legal consultant for seven years. She has experience in private, national, European, and international law. Her professional skills lie in the field of human rights and intellectual property protection at both national and international levels.
Lior Yaffe is a Co-Founder, Managing Director, and Senior Developer. Lior holds a Bachelors degree in Computer Science from the Technion in Haifa. He has a passion for programming and technology, working in various companies, from startups to large corporations, specializing in software development for enterprise applications. He is a true believer in blockchain technology and its potential to change the world.
Petko Petkov is a Co-Founder and Core Developer. Petko Petkov is a software developer with experience in financial software, productivity tools, and games. He holds a Bachelors degree in Informatics from Sofia University and a Masters degree in E-Governance. Petko began his career in 2006 as a mobile Java developer. Later, he shifted to server-side Java software and spent two and a half years developing an electronic invoicing system. In 2011, he returned to mobile development and until 2017, mainly wrote platform-independent C++ and Java for Android. Beyond his day job, he has worked with various other technologies, including JavaScript, Java SE, and Python. Due to his general interest in social sciences, he started exploring the crypto world in 2013 and later became a contributor to the Nxt project. Since October 2017, Petko has been a full-time developer at Jelurida.
The current price of Fire Chain is $0.0035019, with a 24-hour trading volume of $25.6. Fire Chain has fallen by 0.01% in the past 24 hours. It currently ranks 310th on BeeChecker by market capitalization, with its market cap not provided. Its circulating supply is 761,143,000 IGNIS, and its issuance is 999,449,000 IGNIS.