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14 Review
6 Karma

Review on Ontology by Xmr Lee

Revainrating 5 out of 5

Ontology is rapidly growing and increasing project and will soon have private…

Ontology is rapidly growing and increasing project and will soon have private transaction options (similar to projects like Zcash), and will support both private and public transactions depending on future scenarios. For dApps, Ontology’s blockchain is focussed on serving enterprise needs, so it aims to support different legal systems and regulations. With regards to NEO and Ontology, the two entities have a technical cooperation, but the two teams are distinct and separate



Pros
  • ontology is now being adapted to create dApp and support chains for corporate partners that have been continuously tested before final release. In addition to identity verification, Ontology provides distributed data exchange mechanisms, distributed electronic contract modules, and signature services. These focus areas aim to create a bridge that synchronizes and connects different business scenarios.
Cons
  • The technology is new and widely untested and as such is prone to error and bug or much worse as the case may be