Today I going to share my quick study on ontology project I hope you will like it So lets start....
What Is Ontology?:
Ontology is a crypto project launched by Chinese company in 2017 this company is called Onchian. The founder of this company are Erik Zhang and Da HongFei. Onchain founder are also the founder of Neo Blockchain project which is one of the successful Crypto project in the market and onchain itself is a one of the successful company.
Why It was Created?:
Now let's talk about why ontology was created? Reason behind the creation of ontology was very simple that onchain Wanted to install blockchain Technology in company.
At start they accepted funds from private investors and started AirDrop and did not start ICO. That is a unique. They also give free coin to NEO holders.
Working Of Ontology:
Let's talk about working of ontology it works with blockchain concept call "permission access". it means that if you have shared information on ontology it will share your info with other connected blockchain network like NEO Bockchain privately. It also share information other blockchain system that are in supply. These information are hundred percent private and only authenticated use can use it.
Future Plan Of Ontology:
In future ontology token are going to use something that is called VBFT that will connect three different things that are proof-of-stake (pos) , Byzantine Fault Tolerant (BFT) and Verfiable Random Function (VRF).
Potential Of Ontology:
Now let's talk about its potential in the market ...In crypto market and ontology has great potential because it is fast cheap and transparent so it will be beneficial for all kinds of businesses. In addition to this Ontology will also provide Automation tools like dApp and smart contract.
White Paper Of Ontology: https://ontio.github.io/documentation/wp_download_en.html
1.Ontology Website: ont.io
2.Ontology Exchanges: https://coinmarketcap.com/currencies/ontology/markets
3.Coinmarket page: https://coinmarketcap.com/currencies/ontology/
Twitter: https://twitter.com/OntologyNetwork \
What is your opinion about ontology tell me in comment section?
Thanks a lot for reading...