Review on Ontology by ava sandres
Ontology - a chinese company with long history
Ontology was developed by OnChain, a Chinese startup, in 2017. OnChain is a well-known firm that gave birth to the NEO cryptocurrency. The Ontology network is unique in that it allows businesses to utilize both a public and a private blockchain at the same time.
The Ontology network is unique in that it allows businesses to utilize both a public and a private blockchain at the same time. Ontology was developed to make it easier for businesses of all sizes to use blockchain without having to totally change their business model.
The team behind the initiative wants to make using the blockchain as simple as possible for those who don't necessarily have significant knowledge of the technology.
It's worth noting that the ONT tokens were given out as part of an airdrop, which means the firm didn't have to raise money.
- Companies who want to utilize Ontology for their operational requirements don't need to have a deep understanding of blockchain.
- The project's VBFT consensus is extremely creative.
- Through many highly flexible blockchains, the ontology blockchain will allow the digital economy to link to the real economy.
- The squad is mostly made up of Chinese citizens, and the Chinese government can apply limitations at any moment.
- China is home to both the NEO and Ontology projects. This country presently has the toughest cryptocurrency laws.
