What Is Ontology (ONT)?
Ontology is a blockchain platform that supports individual sidechains. This interoperability is a key ingredient in crosschain and crossplatform compatibility. That’s the major hurdle Ethereum experienced when trying to gain enterprise buy in. With this technological hurdle solved, Onchain has two of the most powerful blockchains on the market in Ontology and NEO/GAS.
Who Is Ontology?
Ontology is created and maintained by Onchain, the company that developed and maintains the NEO platform. It was created in 2014 by co-founders Da HongFei and Erik Zhang to support their blockchain solutions.
Use Cases of Ontology
Ontology is a dual-token, enterprise-grade platform. It can be used to develop dApps for business operations, supply chain, and more. Sidechain compatibility makes loading and migrating large amounts of data secure and efficient.
How to Mine ONT and ONG
Ontology uses two tokens – ONT and ONG. They function in the same manner as NEO/GAS, with ONG earned by staking ONT through a Proof of Stake (PoS)-like, interest-bearing manner.
Ontology Investors and Partners
Onchain is working with several partners on Ontology, including Tembusu Partners, Accomplice, and Hashed. It’s seeking further enterprise partnerships to grow its userbase.
Learn More About Ontology
If you want to learn more about Ontology, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.