Ontology (ONT)

Ontology (ONT) is a high-speed, low-cost public blockchain that aims to bring decentralized identity and data solutions to Web3. The blockchain is designed to enhance privacy, transparency, and trust, allowing users and enterprises to build tailored blockchain-based solutions while complying with regulations. Ontology ensures compatibility with Ethereum through its Ethereum Virtual Machine (EVM), enabling seamless interoperability between the two platforms and paving the way for the Ontology Multi-Virtual Machine.

Owned by Ontology, the Ontology Web3 Network (OWN) Infrastructure consists of blockchain-based protocols and products specifically developed for Web3 applications. At its core, the infrastructure utilizes the VBFT consensus mechanism and incorporates a multi-VM support layer and a layer2 solution based on Optimistic Rollup. It also features cross-chain collaboration and various protocols, such as the ONT ID Decentralized Identity Framework, which offers identity protection and data security through encryption. By leveraging ONT ID, users can secure their identity and personal information, guarding against unauthorized access and identity theft.

ONT ID is integrated into the ONTO Wallet, a cross-chain wallet that allows users to manage their digital identity, data, and assets in one place. The wallet guarantees full control and encryption of user data, empowering individuals to oversee their online presence. In addition, Ontology offers Wing Finance, a premier cross-chain DeFi (Decentralized Finance) lending protocol that incorporates a reputation score system known as OScore. Enabled by ONT ID, OScore enables users to access under-collateralized loans based on their reputation on the Wing. Finance platform, opening up possibilities for various DeFi activities.