Ontology Price Chart Update [ONT]

The ONT price update as of now is $0.3418. In the previous 24 hours, its trading volume was $29,453,357, and its value has decreased by -2.79%. As of now, ONT's live market cap is $217,848,523, and it is ranked as the #239 on the Coincu. ONT has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

Introduction to Ontology Blockchain Platform

Ontology is a blockchain platform introduced by the Chinese company Onchain in 2017. It incorporates various crucial components of blockchain technology such as sharding, cross-chain functionality, consensus algorithms, and virtual machines. These features contribute to the seamless operation of the system.

The primary objective of Ontology is to tackle decentralization and data reliability challenges across different domains. Its aim is to provide solutions for user identity verification, data exchange, cooperative data management, community building, and specific applications tailored to various fields.

Currently, the Ontology network is being utilized in diverse sectors such as IoT (Internet of Things), payment systems, insurance, medical services, media, finance, and software development.

The Ontology Ecosystem

Onto Wallet: Secure Digital Wallet for Ontology

The Onto Wallet serves as the digital wallet application for the Ontology platform. It offers several features including:

• Staking ONT and earning ONG tokens
• Participation in airdrop events
• Support for storing and managing assets from multiple platforms like ONT, NEO, ETH, and Kakao
• Access to various decentralized applications (dApps) available in the store
• ONT ID registration

Ontology Authenticator: Claims Management Tool

The Ontology Authenticator is a claims management tool that acts as a server for developers. It is also available as a mobile app and offers the following key features:

ONT ID registration and account management

Claims management, including creating new claims and requesting endorsements

Owallet: Desktop Digital Wallet for Ontology

Owallet is the desktop digital wallet application for Ontology. Its main features include:

• Management of multiple shared wallets using Multi Signature technology
• Token staking and node management
• Identity management

Explorer: Public Blockchain Verification System

The Explorer is a public verification system provided by Ontology, which facilitates the monitoring of blockchain activities.

Key Features of the Ontology Network

The Ontology network offers several notable features, including:

The ability to recognize individuals from multiple data sources: Ontology enables users to collect and manage identity data from various sources, such as organizations, friends, colleagues, and family, ensuring a comprehensive view.

Distributed Data Exchange: Secure and Permission-based Data Sharing

Ontology provides a system that allows the exchange of distributed data, subject to the owner's permission. Data can be released and traded while meeting the privacy requirements of the owner or manufacturer.

Data Distributed Collaboration: Transparent Collaboration Process

With distributed data exchange, the collaboration process becomes transparent, fostering efficient cooperation.

Community Management: Simplified Content and User Moderation

This feature simplifies content moderation and user moderation processes, enhancing community management.

Distributed Equity Management: Ensuring Safety during Data Circulation

Ontology's distributed equity management feature ensures safety during data circulation and evaluation.

Distributed Financial Services: Establishing Fair and Trustworthy Credit Profiles

This service establishes a robust credit profile based on fairness and trustworthiness between individuals and institutions.

Other Services: Wide Range of Applications for Ontology

Ontology finds applications in various domains, including purchasing, payments, healthcare, insurance, software development, communications, manufacturing standards, and product databases.

Roadmap Status

Currently, the project has not announced its new roadmap. You can refer to the old roadmap by visiting this link.