Ontology (ONT) is a project created by the Chinese company Onchain. It is a platform for creating blockchain systems for the needs of any organization. Ideally, everyone can interact with the system. The main idea of the project is to combine blockchain technology with the real economy. The Ontology cryptosystem can be used in many fields of activity, such as education, medicine, logistics and so on. The main task of the developers was to introduce the blockchain into various existing organizations and enterprises, which will subsequently interact with each other within the same ecosystem.
Ontology is a high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.
Ontology was one of the most talked about cryptocurrencies of the past year. In just first three months of its existence on the cryptomarket, Ontology managed to enter the world's TOP20 cryptos and acquire fans throughout the world. The developers released the official OWallet crypto wallet for ONT tokens, and the best way to safely store this asset is to use the Neon wallet, which supports any cryptocurrency created on the basis of the NEO platform. Unlike most new cryptocurrencies, Ontology did not even have an ICO. Developers generally abandoned pre-sales and crowdsale. Instead, they organized Airdrop, during which they distributed coins to NEO holders in the ratio 1NEO = 2ONT. A total of 20 million ONT tokens were distributed, and the total issue should be 1 billion coins.
Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.
Experts attribute the sharp growth of Ontology to the appearance of ONT coins on top crypto exchanges. In addition, a kinship with NEO had a positive effect on the token's reputation. Experienced traders can observe bullish and bearish trends for ONT on the market charts which means that during periods of maximum volatility, the market was controlled by large players who changed the value of Ontology by buying or selling coins.
Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.
* Forex Rating accepts no liability for any errors in the Ontology Price or ONT Information. For the most recent information please visit the Ontology official site.
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