Review on Ontology by Emma Surpan
Like all other blockchains, the ontology network uses a consensus mechanism.
The official ontology site describes it as a blockchain platform designed to integrate with other private and public blockchains so that companies can make the most of the project's innovations. This blockchain allows companies to store data publicly and privately.
ontology uses the VSFT-compatible Byzantine error tolerance mechanism, which is one of the project's innovations.
The anthology network, called the Trust Network, is made up of several blockchains and systems that can be used and supported in any type of business.
ontology's support for decentralized applications (DApps) and the ability to build smart contracts on the platform means that anthology is a not-so-powerful competitor to blockchains such as ethereum, eos, and tron.
๏ปฟ
Pros
- The goal of ontology is for all institutions, including government agencies, to join
Cons
- ONG generation takes 22 years
