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Review on Ontology by zet david
They also have a Technical Scheme of compensation for the community that…
They also have a Technical Scheme of compensation for the community that encourages all those developers to undertake and use the technology of "Ontology" for their endeavors. ONT only began trading in March, 2018 and the history behind it is the more interesting. Unlike many of the startups that get into cryptocurrency via ICOs, Ontology carried out an airdrop. It involved 20 million ONT tokens being given to NEO holders at the time of the airdrop. It works similarly to NEO in that it utilizes the Ontology Gas (ONG) to transact on the platform.
Pros
- Ontology is also going to connect with other blockchains, like NEO. Ontology aims to create a trust ecosystem by partnering to provide distributed services that include data verification, data exchange, and lots more across different industries and ontology is a new project launch recently, ontology team is always active on social media, devlopment team of ontology have vast knowledgeCons.
Cons
- Building upon lessons learned from other cryptocurrencies like Bitcoin, the founders of Ontology want to bring reduced counter party risk, improved security, and the benefits of distributed systems to identity management. Ontology was launched in November 2017 by the Chinese company Onchain. Think of NEO and Ontology like peanut butter and jelly. They are mutually beneficial and put together, they make a tasty sandwich.
