$ONT Information Alerts💥
📢General Data and Information
Ontology is a public blockchain project with distributed data collaboration aiming to build a peer to peer cross system trust network. Ontology trust network provides a strategic cooperation of data systems and trust sources. This network is composed of decentralized identity verification systems, multi factor authentication, distributed ledger technology and distributed data exchange All business types can be applied to Ontology blockchain technology without the need of users having prior knowledge on distributed networks. Led by a global blockchain expert team, Ontology provides distributed infrastructure to various businesses and decentralized applications.
Ontology aims to bind decentralized digital world to the real world using “Ontology Common” or “Ontology Custom” designs. These designs enable secure end effective decentralized systems. Ontology’s ecosystem can be divided into three categories: The Technological Ecosystem, The Application Ecosystem and The Governance Ecosystem. Ontology system architecture has a flexible design allowing for expansions and support for ever growing applications. The businesses Ontology aims to support include distributed ledgers, smart contracts, distributed authentication protocols, distributed data exchange protocols, and more. The layers of Ontology network can be divided into three: core layer, application layer and user layer. Core layer is composed of protocols and chain groups, application layer is composed of partners, application frameworks and modules, and the user layer is composed of Ontology ecosystem application users. Partners hold great importance building the Ontology ecosystem.
Milestones
In 2017, Ontology was the first China based blockchain project to join DIF
In 2018, Ontology released the VBFT consensus algorithm, announced the consensus economic model, released the ONTO app, was selected as a part of Microsoft Accelerator and announced their .