### What is Ontology?
Ontology is a high-performance public blockchain designed for distributed cooperation, with a focus on decentralized identity and data management. It utilises a dual-token model comprising ONT and ONG to facilitate its processes and applications. Ontology offers a range of features, including smart contract systems and cross-virtual machine support, to foster collaboration and data exchange across different industries and blockchain technology implementations.

### How does Ontology work?
Ontology operates on a blockchain framework dedicated to secure and efficient decentralized identity and data management. It employs the Verifiable Byzantine Fault Tolerance (VBFT) consensus mechanism, which integrates Proof-of-Stake, Byzantine Fault Tolerance, and Verifiable Random Function, to ensure network stability and security. Ontology supports smart contract development with high performance and scalability, offering cross-virtual machine compatibility and supporting multiple programming languages.

### What are the potential use cases for Ontology?
Ontology's ecosystem enables a wide range of applications across various industries. Potential use cases include verifying identities and objects, facilitating collaborative data exchange, and offering solutions within financial services and the automotive industry. Applications such as authenticating car parts, handling insurance claims, and managing supply chain agreements illustrate Ontology's capabilities. Additionally, Ontology enables individual use cases like buying concert tickets as NFTs or renting out cars via the ONTO app.

### What is the history of Ontology?
Ontology was founded in 2017 by Jun Li and launched as an independent project separate from Onchain, which focuses on blockchain solutions for businesses. The Ontology MainNet was launched on 30 June 2018, introducing a dual-token system and tools for dApp and smart contract development. Ontology has continued to evolve, integrating enhancements such as sharding technology, cross-chain TestNet, layer-2 technology, and the Ethereum Virtual Machine compatibility. As of recent updates, Ontology has expanded its presence with global partnerships and has established an office in Germany as part of its ongoing growth strategy.

Ontology

Ethereum

Cardano

Avalanche

Hedera

Polkadot

APTOS

Near Protocol

Internet Computer

Ethereum Classic

Mantle

Cronos

Bittensor

ATOM

Kaspa

Celestia

Polygon

Sonic (ex-FTM)

Arbitrum

Optimism

Ontology (ONT)

Similar Coins

ETH

ADA

AVAX

HBAR

SUI

DOT

APT

NEAR

ICP

ETC

MNT

CRO

TAO

ATOM

KAS

TIA

POL

S

ARB

OP

Resources

Ontology (ONT) Price Index

Ontology Price

Trading volume

Market cap

Resources