Ontology Stocks, USD price, market cap
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Ontology (ONT) is a cryptocurrency created by Chinese blockchain company OnChain in 2017. The goal of Ontology is to provide a blockchain-based platform for businesses and individuals to create and manage distributed applications (DApps) and digital identities. Ontology is a public blockchain project that is designed to be a distributed trust network. It provides a platform for businesses and individuals to build and manage distributed applications (DApps) and digital identities. Ontology is the first public blockchain project to combine distributed identity verification, data exchange, data collaboration, procedure protocols, and various industry-specific modules.
Ontology is based on a two-token system, with the main token being ONT and the secondary token being ONG. ONT is used to pay for services and resources on the network and is used to incentivize network participants. ONG is used to pay for transaction fees and is generated when ONT is staked.
Ontology’s platform is designed to provide a secure, reliable, and efficient environment for businesses and individuals to develop and manage distributed applications. It provides a range of features, including distributed identity verification, data exchange, data collaboration, procedure protocols, and various industry-specific modules.
Ontology also provides a range of tools and services to help businesses and individuals create and manage distributed applications. These include the Ontology Development Framework (ODF), which provides a suite of tools for developers to create DApps, and the Ontology Identity Framework (OIF), which provides a framework for creating and managing distributed identities.
The Ontology network is powered by a consensus mechanism called delegated Byzantine Fault Tolerance (dBFT). This consensus mechanism is designed to provide a secure and reliable environment for distributed applications and digital identities.
Ontology is one of the leading public blockchain projects, and it has gained a lot of attention from businesses and individuals who are looking to create and manage distributed applications and digital identities. It provides a secure, reliable, and efficient platform for businesses and individuals to develop and manage distributed applications and digital identities.