Ontology is a relatively new cryptocurrency and was just started in 2017. The company behind the project is OnChain, a Chinese conglomerate that has tasted massive success in the crypto-industry via its previous projects. The mission of Ontology is to help business of all sizes and across industries leverage the potentials of the blockchain technology, without having to replace all their existing IT infrastructure.

Ontology is currently building dApps and sub-blockchains for enterprise partners, which are specially customized and are under constant testing prior to final release. Beyond identity verification, Ontology seeks offer a distributed data exchange mechanism, distributed electronic contract module, and signature services. These areas of focus will aim to synchronize with one another, and build a bridge to link different business scenarios. Lastly, Ontology isn’t simply focussing on enterprise…

Ontology aims to become the comprehensive, distributed trust network with a focus on connecting traditional, real world entities to the decentralized blockchain framework. By providing some innovative new features supported by a technically advanced distributed ledger architecture, Ontology offers a suite of digital services and modules for developers and businesses alike. Ontology serves as a profound opportunity to capitalize on these developments as a platform that can scale effectively and…

The importance of this cannot be over emphasized as it smoothens to path to upgrade for companies who wish to setup on the blockchain. Ontology already boasts of a working product and it easy to see it as successful as bitcoins in its own unique way. Smart Asset Blockchain Designed for Performance Overall ontology is the best project for businesses as ontology removes barrier between blockchain and business sector.ontology is the good blockchain dependent cryptocurrency

One of the most prominent features of the Ontology platform is its implementation of a novel type of consensus mechanism that consists of a combination of the BFT (Byzantine Fault Tolerance) consensus protocol and VRF (Verifiable Random Functions). This is known as the Ontorand Consensus Engine (OCE) on the platform or the VBFT consensus mechanism. Essentially, the OCE selects which nodes will participate in the consensus validation using a VRF, and consensus is reached by the Byzantine Fault…

Ontology places a strong emphasis on open-source and technical community contributions to help improve the platform and enable long-term sustainability. The modular design and group of protocols of the platform are intended to help facilitate adoption of the platform by businesses and organizations from a variety of industries. Users will be able to manage their digital identity, manage and share data securely, manage distributed ledgers based on their needs, build decentralized applications…

Ontology is working towards making better future and it has strong marketing strategies and well focused team.

Being the foundation of the NEO blockchain exchange alone speaks volumes about the success rate of the Ontology project. The platform serves to use its robust architecture in connecting start-ups and existing/established businesses to the critical features of the blockchain technology. The importance of this cannot be over emphasized as it smoothens to path to upgrade for companies who wish to setup on the blockchain. Ontology already boasts of a working product and it easy to see it as…

Smart Asset Blockchain Designed for Performance "- ONTOLOGY's tagline perfectly combines it with a new block chain that opens up a wide variety of options for building better and improved block systems - ONTOLOGY directly hits the pain points of existing blocks - network congestion, etc. It also tries to marry the much needed private and public blocks, making it a suitable candidate with a wider adoption potential in the future

The process usually entails scanning all the documents an identity thief would love to get their hands on and then sending them unencrypted, via email. The documents end up at a company which stores them forever using often insufficient security measures. On the other hand, the Ontology developers also need to make users’ security is their first priority. The code must remain open source and needs to be thoroughly peer reviewed to root out bugs and backdoors.

Ontology isn’t trying to be a currency like Bitcoin. It’s not even trying to be the next Ethereum. What it is doing is acting as the Robin to NEO’s Batman. Together, they’re a powerful team with the potential to disrupt the business world using blockchain technology. Onchain certainly understands why so many institutions are hesitant to adopt blockchain technology. Whether or not Ontology will convince these late bloomers to join the party remains to be seen, but it’s one of the best shots…

By implementing a series of protocol standards and decentralized management modules, Ontology creates an open and standardized platform that supports a multitude of industries and connects them to blockchain based services through an interactive and collaborative environment

They were also the founders behind the NEO blockchain, which is now a multi-billion dollar project. Essentially, Ontology was created as a way for businesses of all sizes to install blockchain technology within their company, without having to completely change all of their current systems.

Ontology implements the NeoVM virtual machine, written in Go, which is used for executing smart contracts as well as for intelligent control logic of the application layer framework. The NeoVM is highly scalable and employs a “deterministic call tree” technology that allows for dynamic sharding. Additionally, Ontology uses a shared data contract model that separates data and business logic, where dapps can share data with each other using generic protocols.

I really like this project. It’s have a good team, good communication and good vision. Besides that, it worked very hard what they wrote on their roadmap and was list on many big exchange. It make me believe more and more about this project. I will keep follow this project and tell about it for my friend. Best wish for this project.

looking forward for this project

This is definitely one of the better projects I have seen recently. It can understand what they are building, they have been well described, and if they succeed and it will be well-used, then there will be a great deal of demand. If the cooperation at the level of the Chinese government is successful, this will surely be the top 10.

Ontology’s blockchain network (and Onchain’s DNA) aims to fix this issue while acting as a bridge between existing systems and the NEO blockchain. It’s not seeking to be a consumer-facing currency like Bitcoin – Ontology is dedicated to serving enterprise. That’s what has everyone excited about this blockchain

Ontology intends to solve an interesting problem, one that any person who has had to prove their identity over the internet is familiar with. The process usually entails scanning all the documents an identity thief would love to get their hands on and then sending them unencrypted, via email. The documents end up at a company which stores them forever using often insufficient security measures. On the other hand, the Ontology developers also need to make users’ security is their first priority.

Ontology is based in China. The Ontology project shows it is here for the right reasons and they are made much success with it's bounty programs. Ontology Currently the 23rd on coinmarketcap and this tokens market cap at $500M. Ontology is very well developd and organized certain asset.