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.
Ontology Videos
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
Wallets
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.
Non-technical Ontology onboarding resources
These resources help you to get to know Ontology, to understand how Ontology works and to start using Ontology.
Get started with Ontology
- An intro to Ontology
- Ontology: Components for decentralized apps and businesses
- A decentralized identity framework: ONT ID
- A one-stop client to the decentralized world: ONTO
- A decentralized data exchange and collaboration framework: DDXF
- Ontology staking
- Ontology-Neo collaboration on cross-chain platform
- Ontology Financial Report 2019
- Ontology Founder update (2020): Breakthroughs and next steps
How can you join and contribute
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.
Get started with Ontology
- Read the documentation: Features & Architecture
- The Ontology Client
- DApp development
- Smart contract development
- Developer Manual and Video Tutorials for Multichain Testnet
- Ontology Wasm-JIT released: A leading smart contract virtual machine with high speed and performance
More resources available at dev.docs.ont.io
Available Tooling
Tooling is listed in the Developer Center.
How can you join and contribute
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.
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.
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.