Ontology (ONT) is a high-performance public blockchain and distributed trust collaboration platform designed to support a variety of decentralized applications. The project provides a full framework of distributed ledgers and smart contract systems, allowing different public blockchains to be customized for specific use cases. It also enables cross-chain collaboration through a set of standardized protocol groups. Built on a Proof of Stake consensus model that incorporates masternodes, Ontology supplies common infrastructure modules for scenarios such as distributed digital identity and decentralized data exchange, aiming to give developers ready-made building blocks for trust-based applications. Rather than functioning as a single standalone chain, the framework allows businesses to deploy both private and public blockchains, with transactions confirmed in a decentralized environment so that no single party can exert control over the network. Ontology was launched in 2017 by OnChain, a Chinese blockchain firm whose founders, Erik Zhang and Da HongFei, were also behind the NEO blockchain. The platform is positioned as a smart contract ecosystem with a focus on enterprise integration, enabling organizations of varying sizes to adopt blockchain technology without overhauling their existing systems.
The pause stops block production at block 20,770,893 with no public restart timetable and no confirmed exploit, leaving ONT and ONG holders watching for the next technical update.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.It provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.
Ontology (ONT) launched on 2018-02-26.
Ontology (ONT) is categorised as: Smart Contract Platform, Masternodes, Proof of Stake (PoS).
The official Ontology site is https://ont.io/.
Most recent Ontology coverage: "Ontology Halts Mainnet to Investigate Security Concern" — read at /en-US/a/ontology-halts-mainnet-to-investigate-security-concern.
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