What is Ontology Network ($ONG )?
Ontology is a high-performance, open-source blockchain project specializing in digital identity and data. Featuring its own blockchain, Ontology's infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs.
With a suite of decentralized identity and data sharing protocols to increase speed, security and trust, Ontology includes ONT ID, a mobile digital identity application and DID used across the ecosystem, and DDXF, a decentralized data exchange and collaboration framework. It was a project that attracted attention in the market with its solutions to the insecurity of central systems in storing user data.
Ontology adopts a dual-token model with both ONT and ONG as utility tokens. Ontology separates ONT and ONG to mitigate the risk of fluctuation in the value of the inherent “asset” on the gas fee.