Quote from: coinphilosopher on February 23, 2017, 03:19:10 AM

I've got a question:

Is it possible to realize "pegged childchains" with Ardor?

An example: Ignis is probably the strongest childchain in the beginning phase. Now I could want to create a "IgnisPeg" childchain pegged to the Ignis value. For this to happen, I would have to lock the amount of Ignis I want to use as the "backing" of the peg, for example, 1000 Ignis. On the IgnisPeg childchain I then could issue 1000 IgnisPeg with a value of 1 IgnisPeg = 1 Ignis. The total amount of IgnisPeg coins could at some moment be burned and then the original Ignis I used to back the childchain would be unlocked.

That mechanism (very similar to what Blockstream is developing) could help to further enhance scalability once the Ignis childchain blocks are full.

What do you mean by "the Ignis childchain blocks are full."?