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Review on Ontology by Writer 247
One of the most prominent features of the Ontology platform is its…
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 Tolerance algorithm. In essence, they are. Trying to build a scalable project that would be wide acceptable and provide users with everything they need as related to transactions
Pros
- Solid team and solid backing. ONT was airdropped sometime ago and ut grew in price exponentially because people saw the vibe and what use cases it solves.
Cons
- Litecoin is still miles away with speedy transfers, something not readily accessible available on ONT.
