Ontology is a high-performance public blockchain designed to enhance trust, privacy, and security in web3 applications through decentralized identity and data solutions. The Ontology blockchain supports various use cases, including digital identity, data exchange, collaboration, and industry-specific applications. It achieves this through its unique architecture, which includes multiple blockchain layers, a smart contract system, and a variety of industry-specific modules.
Ontology’s blockchain combines several distributed technologies, including a distributed identity system, distributed data exchange, collaboration, procedure protocols, communities, attestation, and various industry-specific modules. This combination of technologies makes Ontology an ideal platform for creating trust relationships between entities, verifying data, and facilitating secure data exchange.
Ontology offers a high-speed, low-cost public Layer-2 blockchain infrastructure for users and businesses to build and use dApps that comply with regulations. Ontology is EVM-compatible, supporting blockchain interoperability and offering Ethereum-based dApps a more efficient, scalable, and secure platform.
ONT is one of two native tokens of the Ontology network, the second being Ontology Gas (ONG). $ONT serves as a store of value and can be staked via delegation to validator nodes which verify transactions, produce new blocks, and participate in the blockchain’s governance process.
