Ignis (IGNIS) Price

IGNIS (Ignis) is a blockchain platform that was created in 2018 as part of the Ardor ecosystem. It was designed to be user-friendly, flexible, and scalable, offering a unique set of features that sets it apart from other cryptocurrency platforms.

One of the key features of IGNIS is its ability to support decentralized applications (dApps), which allow for different functionalities such as smart contracts, voting systems, and crowdfunding projects without requiring middlemen or central authorities.

Furthermore, IGNIS utilizes a process called "proof-of-stake consensus" instead of traditional "proof-of-work," which consumes less energy and makes it more environmentally friendly. This means that instead of using computing power to validate transactions like Bitcoin miners do, you simply need to hold some IGNIS tokens in your wallet to earn transaction fees.

IGNIS also supports child chains, which are essentially customizable sidechains attached to the main blockchain but with their own rules and characteristics. This allows organizations or individuals to create their own token without being subject to IGNIS' rules while still benefiting from its security features.

With its ability to support dApps, proof-of-stake consensus system and child chain technology it offers significant advantages over other cryptocurrencies for users looking for cutting-edge tech.