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Ontology Price

(ONT)

$0.04341
0.00%(5m)

1m5m15m1h8h1d1W
Ontology (ONT) Live Price Chart

    Ontology Live Price Data

    Ontology is currently trading at 0.04341, with a 24-hour trading volume of --. Over the past hour, the price of Ontology changed by -0.32%, and over the past week, its value in dropped by -4.23%. The circulating supply of Ontology is 1.00B ONT, with a market cap of 0 , down -0.32% in the last 24 hours. Ontology is ranked #430 by market cap.

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    Note: This data is for reference only.
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    ONT(ONT) Profile

    altRank430
    rateBBB
    Expand
    $0.04323
    $0.04487

    ATH
    $11.17660046
    Price Change (1h)
    -0.11%
    Price Change (24h)
    -0.32%
    Price Change (7d)
    -4.23%
    Market Cap
    24h Volume
    Circulating Supply
    1B
    Max Supply
    1B

    About Ontology

    • What Is Ontology (ONT) Crypto?

      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.

    • How Does Ontology Work?

      Ontology’s EVM ensures seamless interoperability with Ethereum and serves as the first step in creating the Ontology Mutli-Virtual Machine that will enhance the interoperability features of its network in the future. The Layer-2 blockchain offers a high throughput and low transaction costs and focuses on security and privacy so businesses can maintain regulatory compliance when deploying blockchain-based dApps on their network.

      The blockchain also offers the Ontology Web3 Network (OWN) Infrastructure, a set of blockchain-based protocols and products dedicated to designing web3 applications. OWN consists of the following components:

      Underlying Layer

      This supports the VBFT consensus mechanism employed by the network and offers Mutli-VM support. An Optimistic Rollup-based Layer2 network enables cross-chain collaboration for developing highly scalable decentralized projects.

      Protocol Layer

      Ontology’s protocol layer hosts the ONT ID decentralized identity framework, which includes ONT Login, ONT TAG, Mercury, and OScore. It also supports the Orange reputation protocol and POD metadata protocol.

      Application Layer

      This layer is the web3 gateway on Ontology, where dApps are built and deployed. The ONTO Wallet - the official wallet of the Ontology blockchain, operates on this layer.

    • Who Are the Founders of Ontology?

      The Ontology project was founded by Li Jun and his team, focusing on decentralized identity and data solutions. Jun is a highly regarded blockchain solutions architect with 17 years of experience in IT and fintech. He founded Ontology with the belief that decentralized identity and data solutions have the potential to change the world.

      The Ontology network officially launched in November 2017 in New York City and joined the Decentralised Identity Foundation (DIF) a month later. The Ontology mainnet went live in June 2018, while its official ONTO Wallet was released in July.

      Ontology’s proposed blockchain standards were approved by IEEE in June 2019, followed by the release of its whitepaper in July. The blockchain released several critical updates in 2020, including Ontology Wasm-JIT and Multi-VM sport in March, Ontology Layer-2 in May, Ontology 2.0 in June, and Score in September. Ontology’s first credit-based cross-chain DeFi protocol Wing Finance was launched in September 2020. The network partnered with Daimler Mobility in the same month to develop an automobile blockchain platform.

      In February 2021, Ontology became BNB’s partner for DID. In June, the team completed the development of Ontology EVM. ONT.ID went live in September, and the developers launched ONT Login and ONT TAG. The OWN Infrastructure was released in June 2022.

    FAQ

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    • How to Stake ONT on Ontology Network

    • Who Are Ontology’s Investors and Partners?

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