Buy Ontology (ONT)
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.
Related Assets
Resources
Learn More About Ontology
Frequently Asked Questions (FAQs)
What is the current price of Ontology (ONT)?
The Ontology price is $0.39599295 AUD, representing a -2.56% from the day prior.
Where is the best place to buy Ontology (ONT) in Australia?
The best place to buy Ontology (ONT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ontology (ONT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Ontology (ONT)?
The trading volume of Ontology (ONT) is $20.1M AUD in the last 24hrs, representing a -2.56% from the day prior.
How can I buy Ontology (ONT)?
Ontology (ONT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Ontology (ONT)?
The current market cap of Ontology (ONT) is $355.6M AUD.
Can I convert Ontology (ONT) to cash?
Yes - With Coinstash you can convert your Ontology (ONT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Ontology (ONT) are there?
The current circulating supply of Ontology (ONT) is 907.7M.
Is Coinstash a safe place to buy Ontology (ONT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ontology (ONT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.