We’re glad to announce the upcoming itemizing of two new cash — ONT and ONG. Each cash are a part of the Ontology undertaking, a distributed belief collaboration platform and a public blockchain protocol with excessive efficiency, permitting companies with no data of blockchain expertise to learn from it.
Ontology is a blockchain undertaking that claims to beat the present points in belief networks by making a distributed belief system. Its structure integrates a number of belief varieties in a protocol with a number of databases and blockchains. Ontology makes use of a particular consensus mechanism known as VBFT, comprising three completely different fashions: Byzantine Fault Tolerance (BFT), Proof-of-Stake (PoS), and Verifiable Random Perform (VRF). The system goals to learn many spheres, together with finance, funds, insurance coverage, IoT, media, software program growth, drugs, and authorities.
Apps that may be constructed utilizing Ontology embrace distributed information exchanges, multi-source id programs for folks and objects, collaborative programs, neighborhood administration programs, content material era, and commerce modules, repute programs, and inclusive monetary providers.
The Ontology group consists of over 200 core members in Asia, Europe, and North America. They've in-depth experience in product administration, distributed applied sciences, app growth, and conventional finance. Moreover that, the undertaking has gained the assist of over 2 million neighborhood members and over 900 technical contributors.
ONG and ONT cash
The Ontology ecosystem has created a twin token mannequin consisting of ONG and ONT cryptocurrencies, every of which serves a particular function. ONG is a utility token used for on-chain providers, whereas ONT is a coin used for staking in consensus. ONT permits customers to get passive earnings by collaborating in staking.
ONG and ONT shall be obtainable for all verified customers apart from residents of america.
Mark your calendars
We’ll prolong the buying and selling devices on CEX.IO with ONG and ONT cash on August 15, after 12 PM GMT. We advocate you save this date and learn more about Ontology prematurely.