What is Ignis?

Ignis is an essential part of the Ardor platform. It is the main child chain - fully featured and permissionless for everyday transactions with low fees.
All the Ardor platform transaction types and features are available on the Ignis child chain. Furthermore, account specific functions, such as setting account properties and multi-signature configurations (account control), are facilitated exclusively by Ignis but accessible across all child chains.
Ignis supports out of the box advanced privacy mechanisms including coin shuffling, and encrypted messages which can be shared securely with third parties.

Where did Ignis come from?

Ignis was created to demonstrate the easiness of making tokens based on Ardor. It’s necessary to consider Ignis along with Ardor. The platforms were launched at the beginning of 2018 by the same authors who developed Nxt coin (NXT) and Ardor.

What are the advantages of Ignis?

  • Every business representative working with Ardor can create his/her cryptocurrency. Ignis is an example of creating such a subsidiary network.
  • Simple smart contracts can be created with a little knowledge in programming, and this will be mainly enough to work with it.
  • Payments can be made autonomously but if it’s necessary to confirm both sides’ personalities, confidentiality can be controlled in settings.
  • Ignis allows to experiment and build public applications with all the features available on the Ardor platform. One doesn't need any permission, and can simply install the software, download the blockchain, get some tokens from an exchange (or exchange with ARDR tokens on chain) then start using the APIs and coding. It is really that simple.

What are the disadvantages of Ignis?

  • Ignis is a part of Ardor, so there is no Ignis wallet. It’s wallet is also inside the Ardor wallet. To store, send and exchange IGNIS you need to set up the Ardor wallet.
  • The developers of Ignis offer the base for creating smart contracts, and the competition in this area is very fierce.

How to buy Ignis on SimpleSwap?

If you would like to become a holder of IGNIS, we know what you should do. We suggest you to go to the SimpleSwap homepage and follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select IGNIS in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient's Address. Ignis will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

That’s how simple it is and now it is your turn to get some Ignis using SimpleSwap.



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