Ontology (ONG) is a public blockchain that aims to be the decentralized trust network supporting businesses of all types. Unlike traditional centralized systems, Ontology uses a decentralized framework, offering enhanced security, transparency, and efficiency in data exchange and verification processes. It provides a range of services, such as smart contracts, distributed verification management, and data exchange protocols. With its modular and pluggable design, Ontology can adapt to meet the diverse needs of various industries while ensuring flexibility.
Ontology is a public blockchain that operates on the principles of distributed trust, ensuring secure and transparent interactions among participants. Its key components include the Ontorand Consensus Engine for scalability and decentralization, a distributed trust system for enhancing reliability in data exchange, multi-source data exchange and identity verification protocols, a decentralized identity verification system, and a dual-token mechanism consisting of ONT and ONG. ONT is used for governance and exchange, whereas ONG serves as gas for blockchain operations.
ONG has a total supply of 1,000,000,000. The current circulating supply of ONG is 376,722,113.
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