Ontology Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Ontology Coin.
Origin & Background
Ontology is partnered with OnChain, a private company founded by Da Hongfei and Erik Zhang, the founders of NEO. OnChain is a company that provides technical support for blockchain platforms.
Similar to how NEO holders get GAS, ONT holders will also earn ONG (Ontology Gas). Having the same founders, NEO and Ontology work together. However, NEO’s focus is on digital assets and a global smart economy, while Ontology focuses on identity, trust, and data.
Ontology did not hold an ICO. Instead, the team behind Ontology airdropped the cryptocurrency at no cost to those who had registered their emails on the Ontology website. This is not a common type of distribution model and was thus an interesting initiative to the cryptocommunity.
Ontology provides a modern high-performance public blockchain. This blockchain includes a series of complete distributed ledgers and systems of smart contracts.
The blockchain framework of Ontology supports public blockchain systems. This also means that it can customize different public blockchains for different types of applications. Moreover, it supports collaboration amongst chain networks and has a number of different protocol groups.
Pros & Cons
Finally, we have not identified any obvious pros or cons with the Ontology Coin.
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