Ontology

coreDAO

ONTO Wallet, a leading <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> gateway and multi-chain identity wallet, has announced the integration of Core DAO’s mainnet into its platform. With this integration, ONTO Wallet users now have access to the Core DAO ecosystem, which aims to build a scalable and secure blockchain infrastructure called Satoshi Plus, powered by <a href="https://blockchainreporter.net/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>.Core DAO, recognized as the official decentralized organization responsible for developing the Satoshi Plus ecosystem, is focused on constructing Web3 infrastructure and promoting public chains based on Bitcoin’s <a href="https://blockchainreporter.net/glossary/proof-of-work-pow/" rel="noopener noreferrer nofollow">Proof of Work (PoW)</a> consensus mechanism. The organization takes pride in its significant <a href="https://blockchainreporter.net/glossary/on-chain/" rel="noopener noreferrer nofollow">on-chain</a> presence, boasting an impressive 53 million transactions and 9.5 million addresses.In an enthusiastic tweet, ONTO Wallet shared the news and encouraged users to explore the Core DAO mainnet by visiting the official ONTO Wallet website at http://onto.app. This integration expands ONTO Wallet’s offerings, which already support over 50 blockchains and cater to more than 100,000 registered users. With a growing community of over 310,000 members, ONTO Wallet has positioned itself as a self-sovereign data wallet, allowing users to manage their digital identities, data, non-fungible tokens (NFTs), and various tokens.<h2 id="header-0">A Milestone for Satoshi Plus Ecosystem and Web3 Access</h2>By leveraging the power of ONT ID, ONTO Wallet provides users with decentralized identity management, ensuring secure access and protection for their assets. The wallet currently supports popular chains like Ontology, NEO, Ethereum, Tron, Polkadot, Binance Smart Chain, and Klaytn. The development team behind ONTO Wallet is continuously working to add more blockchain networks to the platform, enabling users to conveniently access and manage their assets through a single wallet.The <a href="https://coredao.org/" rel="noopener noreferrer nofollow">Core DAO</a> ecosystem, now available on ONTO Wallet, introduces a unique blockchain solution designed to serve as the foundation of the decentralized internet, commonly referred to as Web3. The blockchain utilizes a novel consensus mechanism called Satoshi Plus, which combines elements of both Proof of Work (PoW) and Delegated Proof of Stake (DPoS). This hybrid consensus model ensures enhanced security, scalability, and decentralization for the Core DAO network.What sets Core DAO apart is its utilization of the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM), making it a Turing-complete blockchain. The supply of Core tokens is capped at 2.1 billion, and a percentage of all block rewards and transaction fees are burned, following a similar model to Ethereum’s “Ultra Sound Money.” The specific percentage of burning is determined by the <a href="https://blockchainreporter.net/glossary/decentralized-autonomous-organization-dao/" rel="noopener noreferrer nofollow">DAO</a>, providing economic incentives and deflationary properties to the Core ecosystem.The integration of Core DAO into the ONTO Wallet platform marks a significant milestone in the development of the Satoshi Plus ecosystem and further solidifies ONTO Wallet’s commitment to providing users with comprehensive access to the expanding world of Web3. As the Ontology project’s motto emphasizes, “I OWN MY DATA,” ONTO Wallet prioritizes data and asset security, empowering users with control over their personal information, transaction history, credit scores, and interactions with <a href="https://blockchainreporter.net/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">decentralized applications (dApps)</a> and DeFi platforms.

ONTO Wallet Integrates Core DAO Mainnet, Expanding Web3 Access

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BlockchainReporter

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