Ontology Crypto Review – How Is Ontology Related to NEO?

Ontology Crypto Review – How Is Ontology Related to NEO? Ontology is a system designed to provide companies with a means to integrate blockchains into their existing companies in a way that doesn’t compromise the security of user information or company data. The layers of verification and trust that Ontology offers seem more than enough to satisfy even the most paranoid of business-oriented developers.

Ontology was started by Onchain, the Chinese blockchain firm that has been connected to NEO since they’re both directed by programmer and entrepreneur Da Hongfei.

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Ontology Crypto Review – How Is Ontology Related to NEO?

If it comes to people blockchains, among the more pressing problems these days is climbing. No people blockchain can properly scale into enterprise-grade amounts in their current form. Ontology aims to tackle that issue by introducing a new high-performance blockchain that functions as a dispersed trust cooperation platform.

Ontology’s launch was declared by Onchain in November of 2017, to some set of investors and blockchain fans in New York City. Da Hongfei introduced the community for a sort of partner using NEO and stated that both platforms would be used together to create an”ecosystem” which will allow blockchain technologies to be used by the business world.

As you would anticipate, Ontology includes its very own native token, called ONT. It’s the most important currency of this ecosystem, and it’ll offer a whole lot of functionality in terms of access to various attributes across various chains. Whether or not this token will deliver much significance to the network remains to be seen.

The ONT has no”mining” attribute, so people who are wanting to get into a coin to use their mining channels on will probably observe no extra benefit. ONT is going to be found mainly in circulation, with individuals trading, buying, and selling it, and with node operators likely getting ONT responsible for starting transactions.

Ontology Crypto Review – How Is Ontology Related to NEO?