A blockchain for trust ecosystem
Ontology Network is a blockchain platform that aims for solving the trust problem, with a focus on issues such as identity security and data integrity. Its mainnet was launched back in July 2018. Ontology’s blockchain has several features such as universal smart contract language with WASM support, and multiple consensus algorithms support.
Ontology’s network is further divided into three distinct layers, the core layer, the application layer, and the user layer. Each of these layers has its distinct properties and utilities. For example, the application layer is comprised of partners, application frameworks, and modules. Ontology’s blockchain network uses a dual-token model, with ONT (Ontology Token) and ONG (Ontology Gas). Ontology Gas is required for on-chain transaction fees.