What is Ontology (ONT)?

Deep Dive

1. Core Purpose: Trusted Data Exchange

Ontology solves the challenge of verifying identity and data authenticity in decentralized systems. Its flagship product, ONT ID, lets users create portable, cryptographically secured digital identities. These can integrate real-world credentials (e.g., government IDs, social media) while preserving privacy. Enterprises use this framework for compliant KYC processes and secure data sharing.

2. Technical Architecture

The network combines Proof-of-Stake, Byzantine Fault Tolerance, and Verifiable Random Function (VRF) in its VBFT consensus. This hybrid approach balances speed (~1,000 TPS) and decentralization. Its Ethereum Virtual Machine (EVM) compatibility allows developers to port Ethereum dApps while benefiting from Ontology’s lower fees (~$0.01 per transaction).

3. Tokenomics & Governance

• ONT (max supply: 1B): Used for staking to validate transactions and participate in governance votes.
• ONG: Generated by staking ONT, this gas token pays for transactions and smart contracts.
  Decisions like protocol upgrades are community-driven, with stakers voting on proposals.

Conclusion

Ontology positions itself as a bridge between regulated industries and blockchain, emphasizing compliance-ready identity tools. Its partnerships with firms like Palantir (MarketWatch) highlight enterprise adoption potential. How might its identity solutions evolve as AI and deepfake risks grow?