Ontology Crypto Review – The ONT has no “mining” feature

Ontology Crypto Review – The ONT has no “mining” feature. Ontology was launched by Onchain, ” the Chinese blockchain firm that’s been linked to NEO, as they are both led by programmer and entrepreneur Da Hongfei.

If it comes to public blockchains, one of the pressing problems these days is scaling. No public blockchain can correctly scale into enterprise-grade levels in their existing form. Ontology aims to address that problem by introducing a fresh high-performance blockchain which functions as a dispersed trust cooperation platform.

Ontology’s release was declared by Onchain in November of 2017, into some group of investors and blockchain lovers in new york. Da Hongfei introduced the network for a type of associate with NEO and stated that both platforms would be used together to create an”ecosystem” that will allow blockchain technologies to be used by the business world.

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Ontology Crypto Review – The ONT has no “mining” feature

As one would anticipate, Ontology includes its very own native token, called ONT. It’s the main currency of the ecosystem, and it’ll offer a good deal of functionality concerning access to several features across various chains. Whether this token will bring much value to the community remains to be seen.

The ONT has no “mining” feature, so people who are searching to get into a coin to use their mining channels will probably observe no additional benefit here. ONT is going to be found mainly in circulation, with people trading, buying, and selling it, as well as node operators likely getting ONT accountable for tripping transactions.

Ontology is a network designed to provide companies with a means to integrate blockchains in their existing companies in a way that doesn’t compromise the security of consumer information or business data. The layers of verification and trust that Ontology offers appear more than sufficient to meet even the most paranoid of business-oriented developers.

Ontology Crypto Review – The ONT has no “mining” feature