Ontology is a blockchain protocol that focuses on resolving issues of trust, identity, authentication, verification, and authorization. It will continuously provide common modules on the underlying infrastructure for various kinds of distributed situations, such as those for the distributed digitally distributed data exchange protocol, identity framework, and so on.
What Is Ontology (ONT)?
Ontology network is a cryptocurrency company on the NEO platform aiming to create a distributed identity system, data exchange, data collaboration, procedure protocols and more on a peer-to-peer blockchain ledger system. Ontology is a public program for designs of all sizes and shapes and is a giant step toward removing barriers between the blockchain and business sector.
Ontology (ONT): History
ONT came to life in 2017 and launched by a Chinese company Onchain. Ontology is innovative in the sense that it enables businesses without a previous understanding of distributed networks to use blockchain technology. The core team members were Jun Li, Andy Ji, Ning Hu, Honglei Cong and so many more.
How Does Ontology (ONT) Work?
By Using one or more public service chains, different industries, regions, and business scenarios can develop their application chains by separate admission, compliance, governance, and consensus requirements. Application chains can join Ontology’s chain network.Ontology is attempting to be universally adaptable to a wide range of functions. They hope to be the go-to source for verifying the accuracy and authenticity of things like identity or ownership. Companies like Facebook will be able to plug into Ontology for trust easily.
How To Buy Ontology (ONT)?
Buying Ontology is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Binance/ Gate.io/ Huobi Pro.
Ontology (ONT) Price Prediction 2018
As Ontology is a newly emerged coin, it has not reached a high point. But we can expect its surge in this year as its popularity increases day by day. Ontology is a lousy long-term investment option. If the user is looking for virtual currencies with a good return, Ontology is a bad option. Ontology price equal to 1.248 USD at 2018-03-23. According to forecast in one year the price will lower down to 0.000000 USD. So if the user invests in this, it will be devalued in future. Ontology price today is $1.248 and have the current supply of 241,236,451 ONT. The market cap value is $300,414,165, and the volume is marked as $24,014,600.