What is Ontology (ONT)?

Deep Dive

1. Purpose & Value Proposition

Ontology addresses the lack of trust and privacy in digital interactions by providing decentralized identity (ONT ID) and data management tools. Its infrastructure allows individuals and enterprises to verify credentials without compromising sensitive information, targeting sectors like finance, healthcare, and supply chains. For example, its partnership with bloXmove aims to decentralize mobility systems using identity-based trust (Ontology Network).

2. Technology & Architecture

The platform uses a custom consensus mechanism called VBFT, combining Proof-of-Stake (PoS), Verifiable Random Functions (VRF), and Byzantine Fault Tolerance (BFT) for speed and security. Its Ethereum Virtual Machine (EVM) compatibility lets developers port Ethereum dApps seamlessly while benefiting from Ontology’s lower fees (~$0.01 per transaction) and faster finality (~1 second) (CoinMarketCap).

3. Tokenomics & Governance

• ONT: Fixed supply of 1 billion tokens; used for governance voting, staking, and earning ONG rewards.
• ONG: Capped at 800 million post-upgrade (from 1 billion); funds transactions and smart contracts.
  A December 2025 upgrade permanently locked 100 million ONG-equivalent assets to boost scarcity and staking incentives, reflecting community-driven governance (Binance).

Conclusion

Ontology positions itself as a trust layer for Web3, prioritizing self-sovereign identity and scalable infrastructure. Its dual-token model and EVM integration balance developer flexibility with user-centric privacy. As digital ownership becomes critical, can Ontology’s identity tools become the default standard for cross-chain interoperability?