Ontology (ONT)

Ontology is a high-performance public blockchain and a distributed trust collaboration platform. Ontology’s unique infrastructure supports robust cross-chain collaboration, Layer 2 scalability and includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enhanced global cooperation among businesses.

Get started with Ontology

Ontology (ONT)

Ontology is a high-performance public blockchain and distributed collaboration platform.

 Website
 Whitepaper
 Source code
 Explorer

Consensus: PoS
Block time: 5 seconds
Max supply: 1000 Million
Circ. supply: ≈656 Million
Mainnet: June 2018

Main use case:
Digital Identity (ONT ID), Data Exchange (DDXF), Cross-chain platform

Community & Communication:
Contact Ontology
Blog
Telegram
KakaoTalk Open Chat
 Discord
Twitter

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The story of Ontology

Ontology was started at the end of 2017 and the mainnet was launched in June 2018. By now, Ontology Foundation and its community of open-source developers mostly oversee the future direction of the protocol. Ontology has a close relationship to NEO and is also collaborating with other layer 1 protocols. Compared to others, Ontology has a performant core blockchain and builds extensions such as pluggable components and protocols on top. The current infrastructure supports robust cross-chain collaboration, layer 2 scalability, a suite of decentralized identity (DID) and data sharing protocols with ONTO, ONT ID, and DDXF.

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Non-technical Ontology onboarding resources

These resources help you to get to know Ontology, to understand how Ontology works and to start using Ontology. 

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Ontology Onboarding Resources for technical people

These resources help you to get to know Ontology on a technical level and to start working with it. After going through the Ontology resources you are able to determine when it makes sense to use Ontology, how to set up and run a node, network or application.

Available Tooling

Tooling is listed in the Developer Center.

Tokenomics in Ontology

Ontology uses a dual-token design in its PoS system. ONT are used for staking and ONG as gas. ONG – the utility token – is distributed as revenues and used as a value anchoring tool for on-chain applications. The dual-token design ensures the development of the infrastructure system and enables additional value-driving services. To stimulate original growth and to cover operating costs for nodes, Ontology offers an extra node incentive program (10,000,000 ONG per year for 3 years).

More insights to Ontology’s tokenomics can be seen in this breakdown.

Governance in Ontology

The Ontology Foundation has taken over the lead from the Onchain team in the governance process. The Ontology Foundation is committed to building a collaborative distributed trust ecosystem. This can be seen in the technology that is created and in the governance of the Ontology network. At the heart of the governance process is the Triones Consensus system that aims to consider factors such as fairness, distribution, and performance in governance model design. The dual-token model shall enable “competitive cooperation”.

More about Ontology governance can be found here and here.

 

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The ecosystem

The Ontology ecosystem is rapidly growing since 2018. Ontology Foundation is publishing new collaborations on their blog.

Important parties in the ecosystem
  • Ontology Foundation
  • Onchain
  • Parties in the entertainment & platform verticals

Some ecosysem members are listed here.

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Roadmap

The 2020 Roadmap is code-named “Aristotle” and includes some breakthroughs. Ontology puts a focus on cross-chain initiatives, Virtual Machines, layer 2 solutions and new modules.

Ontology founder Jun Li is sharing insights in this blog.

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Ontology community knowledge base

Ontology is integrating its modules with other chains and more and more projects are evolving. You can add new projects here and influencers here.

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