Glossary Category:

Asset Control

Similar to Account Control which once set requires all transactions of an account to be subject to approval, the Asset Control feature allows imposing such restriction to all transactions involving a given asset – such as placing bid and ask orders, transfers, share deletions, and dividend payments that use the asset as a dividend. Setting asset control must be done on the Ignis child chain, but affects the transactions with the related asset on all child chains.

Asset Control

Asset Control on Ignis Public Blockchain on Ardor Platform

The Asset Control is a feature on the public blockchain Ignis and available to all child chains on the Ardor Platform

More information about The Asset Control on the Ardor Learning Hub

Asset Exchange

Using the Asset Exchange, assets can be transferred or traded between accounts, with the buy and sell orders matched on-chain. Issuers can pay dividends to the asset holders, and votings can be set up based on number of asset shares held. A special type of non-fungible assets are the so-called singleton assets, which can represent a unique physical or digital object.

Asset Exchange

Asset Exchange on Ignis Public Blockchain on Ardor Platform

Asset Exchange is a feature on the public blockchain Ignis and available to all child chains on the Ardor Platform

More information about Asset Exchange on the Ardor Learning Hub

Asset Issuance

Anyone can issue a token (asset) on top of the Ignis child chain, which can represent a crowdfunding token, company shares, or indeed anything the issuer intends. Assets are global for the whole Ardor platform and can be traded on any child chain that has the asset exchange feature enabled, in its native token.

Asset Issuance

Asset Issuance on Ignis Public Blockchain on Ardor Platform

Asset Issuance is a feature on the public blockchain Ignis and available to all child chains on the Ardor Platform

More information about Asset Issuance on the Ardor Learning Hub

Asset Properties

Similar to the Account Properties feature, Asset Properties allows assets to be tagged with arbitrary name/value metadata. These properties can be used to provide additional information about the asset, and are especially useful for use cases that require approval or categorization of assets, or defining which users are authorized to transact with each particular asset. Setting asset properties must be done on the Ignis child chain. Anyone can set an asset property, only the setter of the property or the asset issuer can delete it.

Asset Properties

Asset Properties on Ignis Public Blockchain on Ardor Platform

Asset Properties is a feature on the public blockchain Ignis and available to all child chains on the Ardor Platform

More information about Asset Properties on the Ardor Learning Hub

Blockchain Scalability

Scalability

Ardor’s architecture allows child chain transactions to be safely removed (“pruned”) from the system once they are no longer needed and their hashes are included in the parent chain. Parallel processing of the transactions of different child chains is being researched – to increase the overall network throughput even more.

Bundling

The bundling process is used to group child chain transactions from a child chain such as Ignis into a transaction on the Ardor chain. Bundlers accept the fees from those child chain transactions, in the corresponding child chain coin, and pay fees in ARDR to the parent chain forgers. It is a feature very unique to the Ardor multi-chain system, and allows interesting use cases such as zero-fee end user transactions sponsored by the business that runs a child chain.

Bundling

Bundling on Ignis Public Blockchain on Ardor Platform

Bundling is a feature on the public blockchain Ignis and available to all child chains on the Ardor Platform

More information about Bundling on the Ardor Learning Hub

Changelly Integration

Changelly is a market making service that provides seamless exchange of crypto tokens without user registration. The Ardor wallet integrates the Changelly service. Users may exchange Ardor and Ignis with any other crypto directly from the wallet. Ardor is not affiliated with Changelly in any way.

Changelly Integration

Changelly Integration on Ignis Public Blockchain on Ardor Platform

Changelly Integration is a feature on the Ardor platform and available to all child chains.

More information about Bundling on the Ardor Learning Hub

Child Chain Control

The public Ignis child chain is permissionless, and will always remain without restrictions, for everyone to use. But for child chains that require the ability to control who can conduct transactions on them, the Ardor platform offers an innovative solution. The Child Chain Control feature can be used to define a permissioning policy for a child chain, with configurable user authorization levels, allowing the chain administrators to grant or revoke transaction privileges to the users of a permissioned child chain. Unlike account and asset control which determine whether a transaction accepted in the blockchain will be allowed to execute or not, child chain control acts at a higher level, it determines whether a transaction will be accepted in the blockchain at all.

Child Chain Control

Child Chain Control. on Ignis Public Blockchain on Ardor Platform

Child Chain Control is a feature and available to all child chains on the Ardor Platform

More information about Bundling on the Ardor Learning Hub

Coin Exchange

The decentralized Coin Exchange feature allows trading of all child chain tokens on the Ardor platform to each other and to the parent chain Ardor token. It is a fully decentralized exchange, with buy and sell orders placed and matched completely on-chain. The any-to-any trading engine can ensure liquidity even for child chain tokens that are not listed on external exchanges. Pegged to fiat child chains can be used as a gateway between the Ardor blockchain platform and the fiat economy.

Coin Exchange

Coin Exchange on Ignis Public Blockchain on Ardor Platform

Coin Exchange is a feature on the public blockchain Ignis and available to all child chains on the Ardor Platform

More information about Coin Exchange on the Ardor Learning Hub