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What is the issuance amount of IGNIS currency Introduction to t

Date:2024-04-08 18:14:59 Channel:Wallet Read:
In the field of digital currency, the total amount of fire chains has always been one of the topics that have attracted much attention. As one of them, IGNIS’s currency issuance affects the development of the entire ecosystem. Let’s dig deeper together to reveal how much IGNIS currency is issued, as well as the full picture of the total amount of Fire Chain.
IGNIS Currency Issuance Revealed

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IGNIS is a sub-asset on the Nxt blockchain platform and a digital currency based on the Proof of Stake consensus mechanism. The issuance amount of IGNIS was determined in Nxt's ICO (Initial Coin Offering) in 2016, with a total amount of 1,000,000,000 IGNIS. This number is fixed by the smart contract and will not be issued again, so the supply of IGNIS is limited.
The issuance of IGNIS is limited to this level in order to maintain the stability and value of the currency. In contrast, some other cryptocurrencies may adopt different issuance strategies, such as the total supply of Bitcoin set at 21 million to maintain the scarcity of currency. As the core currency of the Nxt ecosystem, the determination of IGNIS's issuance is of great significance to the stability and sustainable development of the entire platform.
Introduction to the total amount of fire chain
Ardor is a multi-chain platform based on Nxt blockchain technology, aiming to provide more efficient and scalable blockchain solutions. The relationship between Firechain and Nxt can be compared to the relationship between Ethereum and Ethereum Classic, which is an upgrade and evolution. On the Huolin platform, IGNIS plays a vital role as the main chain currency.
The design of the total amount of fire chain is also carefully considered. The total amount of Fire Chain is 1,000,000,000 ARDR, which is the same as the total amount of IGNIS. This design aims to ensure the stability and security of the Firelink platform while providing users with sufficient liquidity and availability. By using IGNIS as the main chain currency, Huolian has built a powerful and stable blockchain ecosystem.
The impact of circulation on the market
The impact of the issuance of IGNIS on the market cannot be ignored. First of all, the fixed issuance amount means that the currency value of IGNIS is protected and will not depreciate due to unlimited issuance. This provides investors holding IGNIS with a certain degree of protection, allowing them to better plan and manage their assets.
Secondly, the stability of the issuance volume will also help enhance the recognition and sustainability of IGNIS in the market. Investors are more inclined to choose digital currencies with limited supply and stable value, and IGNIS exactly meets this demand. This stability lays a solid foundation for the long-term development of IGNIS.
The future outlook of the Firelink ecosystem
With the continuous development and improvement of blockchain technology, Huolian will have broad development prospects as a multi-chain platform. As its main chain currency, IGNIS will play a core role in the entire ecosystem. Its fixed circulation and stable value will provide strong support for the development of Fire Chain.
The future prospects of FireLink are exciting, and its unique design and innovative technology will attract more developers and users to join it. As an indispensable part of the Huolian ecosystem, IGNIS will continue to increase in value as the platform develops and grows. I believe that in the near future, Huolian will become a dark horse in the blockchain field, leading the development trend of the industry.
Conclusion

The IGNIS coin is also called the Fire Chain. It is the first sub-chain of Ardor and is operated by the IGNIS token. Ardor's unique design allows multiple chains to exist at the same time, that is, its sub-chains. The functions of these sub-chains are very rich, including coin exchange, voting system, market, data cloud, etc. These functions also It can be used on any other sub-chains, and the security of these sub-chains is guaranteed at the global level by their parent chain Ardor. IGNIS currency is the token of the Ignis sub-chain and can be used to pay transaction fees. Many investors want to know how much issuance of this IGNIS coin? Now let the editor of the currency circle introduce to you the total amount of fire chain.

## How much is the IGNIS coin issued?

According to the investigation by the currency circle editor, the total issuance of IGNIS coins is 999 million, the circulation is 761 million, and the circulation rate is 76.16%. The first sub-chain of Ardor is the Ignis sub-chain (called Fire Chain in Chinese), which uses IGNIS coins for operations. All existing and well-tested Nxt blockchain features will be available on the Ignis child chain, with multiple Ardor platform-specific enhancements added. Ignis serves both as a proof of concept for the features and functionality of the Ardor blockchain, and as a project with its own set of features and functionality.

The Ignis subchain offers a wide range of features that can also be used on any subchain, including coin exchanges, voting systems, markets, data clouds, and more. Additionally, some functions are only performed using Ignis, but Ignis facilitates these functions in other subchains. For example, Ignis facilitates setting account properties and account controls across all child chains. Account Control enables child chain operators to set up mandatory approval procedures using multi-signature capabilities. Similar restrictions can apply to asset transactions. This feature makes Ardor particularly suitable for enterprise adoption, as businesses often need to segregate duties for financial transactions and other sensitive transactions.

Ignis also provides users with access to lightweight smart contracts that provide an additional layer of automation on top of the Ardor subchain API. Lightweight smart contracts do not require verification by every node, and because they are stateless, they pose less of a threat to the network if the contract is compromised or configured to be malicious. Any user who wants to configure lightweight smart contracts to interact with their child chains can do so using Ignis.

## What about IGNIS coins?

·Lightweight contract

Lightweight contracts provide an automation layer on top of the Ardor platform API. Unlike traditional smart contracts, they are not executed by every blockchain node.

This flexible design allows for rapid development and deployment of contracts, as well as interaction with external systems. Stateless lightweight contracts are much more secure than traditional stateful smart contracts. A breach of contract or a malicious contract will not cause damage to the entire network -
At most, it can only destroy the node it is running on.

·privacy

All Ignis transactions are stored on a public ledger and can be viewed or verified by anyone. However, some use cases require a higher level of privacy.

Ignis supports a coin shuffling algorithm that allows multiple users to shuffle equal amounts of tokens into newly initialized recipient accounts without establishing any connection to the source account.

Ignis natively supports encrypted messages. These keys can be securely shared with third parties using message-specific encryption keys.

·Advanced transaction control

Ignis supports a complex multi-signature feature called Account Control. Transactions submitted from accounts under this control are subject to a mandatory approval process.

Account control is based on the use of defined approved model phase attributes. Composite approval models can be created from base models using a combination of Boolean logical operators.

Asset transactions can be similarly restricted using the Asset Control feature.

·Decentralized exchange

The Ardor platform features three different types of fully decentralized exchanges, as well as a state-of-the-art blockchain order matching engine.

Coin Exchange supports transactions of all child chain tokens and ARDR parent chain tokens.

Asset Exchange manages the issuance and trading of security tokens that can represent company shares with convenient features such as voting and dividend payments.

The currency system provides specialized token types that can be used for crowdfunding, voting, etc.

To sum up, this is the answer of the editor of Coin Circle to the question of how much IGNIS currency is issued. The editor of Coin Circle here reminds investors that if you are unclear about the relationship between IGNIS, NXT and Ardor, you can Remembering it this way, in the future, JD.com will be self-operated, ensuring quality and quantity; ARDR is Alibaba, providing the platform; HuoLian is Tmall, which was born after JD.com’s business and is a boutique business based on Alibaba’s platform; in fact, these three Each project has its own value, no matter which one you hold, it is okay.

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