Review on Ontology by erdi yılmaz

Name: Ontology
Item: Ontology
Rating: 4

May 07, 2021

Good Job Ontology

Ontology is a blockchain project that aims to solve problems such as approval, identity control, trust and authorization.

It offers verification, encrypted data analysis and hardware options. Built on NeoContracts, based on NEP5.

It is designed to work by connecting Ontology with other blockchains such as NEO.

ONT was distributed as 20 million ONT airdrops when it was launched.

Apart from this, 1000 ONTs were given to users who subscribed to Ontology e-mail and made KYC. At the NEO Devcon event, 500 ONTs were distributed to those who left their names and e-mail addresses at the Ontology stand. In the last airdrop event, an ONT airdrop event was held for users who have NEO in their wallets on Binance and KuCoin exchanges, with 0.2 ONT for each NEO. In other words, ONT is a crypto money that has been earning with airdrop events since its release date. No ICO, IDO, EFO events have been organized for ONT.

Ontology and NEO are two networks to compare in terms of their features and especially the infrastructure of ONT. Neo aims to register physical assets in the real world on the blockchain. Ontology, on the other hand, has designed the same aim for more private use by reducing it to the finance, business and technology sectors.

Decentralized applications are also supported in the Ontology network thanks to the support of NEO. For companies and finances, the Ontology network is more useful.

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Pros

Ontology works with two layers called The Chain Network and Trust Ecosystem. Smart contracts and user data on the platform are processed through SmartX and included in the information flow. The platform's cosensus algorithm is very powerful.
Ontology has taken the strategic partnership steps firmly and offered multiple usage areas for businesses. In this context, it has established partnerships with many investor companies from China. Thanks to Ontology, it has become easier for businesses to adapt to blockchain.
Ontology's security network has 4 chains.
Merkeziyetsizlik yoluyla kişisel kimlikleri korurken yatırımcıların katılımı için daha güvenli bir form oluşturulması
The most important thing to create any smart contract in BSC is to decentrally add a layer of anonymity and protection to their identity. By integrating ONT ID, any smart contract on Binance Smart Chain can identify potential investors much faster and reach them more smoothly through checklists. Ontology is the only partner at BSC that offers this service.

Cons