1 Level
12 Review
9 Karma
Review on Ontology by DAT PHAM DUC
Ontology is a new high-performance public blockchain project & a distributed…
Ontology is a new 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 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. 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.
Pros
- Ontology Network combines a distributed identity system, distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.
Cons
- Ontology’s likeness NEO’s GAS, ONG is the utility token of the network — helpful for center fundamentals, for example, exchange, triggering and deploying smart contracts, network stockpiling, and the sky is the limit from there. By and by reminiscent of GAS, ONG’s 1 billion tokens will be created more than 22 years, with all tokens spent within the network being distributed to ONT holders.
