Ontology (ONT) Feed: Events, News & Roadmap
Ontology Events on the Chart
What is Ontology?
Ontology is an open-source blockchain that provides Web3 trust, privacy and security to enterprises and individual users.
Ontology functions as a blockchain framework that supports public blockchain systems and offers customization capabilities for specific applications. It facilitates interaction between blockchains with different protocol groups, contributing to the development of shared modules of underlying infrastructure for various distributed scenarios, including digital identification and distributed data exchange.
The ONT token was created as part of Ontology's two-tier token system. ONT serves as a governance token used for voting on network decisions, while ONG (Ontology Gas) is a utility token used for transaction fees and executing smart contracts on the network.