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5 Karma

Review on Ontology by Ferenhos Nicki

Revainrating 5 out of 5

When it comes to blockchain technology, one of the most important aspects of…

When it comes to blockchain technology, one of the most important aspects of it is that it is private and anonymous. However, this lack of identity on the blockchain limits the range of potential applications. Ontology bills itself as being a “decentralised trust ecosystem” and aims to leverage the other main benefit of blockchains, trust.



Pros
  • Option of running smart contracts powered by Neo chain, and the ability to obliterate third parties during data transfers
Cons
  • Lower marketing ebb from the team and a poke of lack of experience might turn out to be a nightmare as more and more formidable projects gets erupted to replace existing ones