$ONT
What Is Ontology(ONT)
Ontology (ONT) is a high-performance, public blockchain and distributed ledger platform designed to support decentralized applications (dApps) and enterprise blockchain solutions. It aims to provide robust tools for identity verification, data management, and decentralized trust in various industries.
Key Features of Ontology (ONT):
1. Dual Token System:
- ONT: The main token used for staking and governance on the Ontology blockchain.
- ONG (Ontology Gas): Used to pay for transactions and operational costs within the network.
2. Decentralized Identity (DID):
Ontology focuses on decentralized identity solutions, allowing users to maintain control over their personal data and identity without intermediaries.
3. High Throughput:
Ontology's consensus mechanism, called VBFT (a combination of Proof-of-Stake, Byzantine Fault Tolerance, and Verifiable Random Function), ensures fast transaction speeds and scalability.
4. Interoperability:
Ontology supports cross-chain functionality, enabling seamless communication and asset transfers between different blockchains.
5. Use Cases:
- Supply chain management.
- Financial services.
- Healthcare.
- Decentralized identity management.
Market Information (as of December 2024):
- Current Price: Approximately $0.17 per ONT.
- Market Cap: Around $150 million.
- Circulating Supply: 876 million ONT tokens.
- Total Supply: 1 billion ONT tokens.
Applications:
Ontology is widely recognized for its enterprise-friendly features, particularly in industries requiring high security, privacy, and identity management.
For more details, visit Ontology's official website: [https://ont.io](https://ont.io).
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