Facts about Ontology

1. 07

   In 2019, Ontology launched its Ontology 2.0 upgrade introducing a permissioned sidechain architecture that allows enterprises to build customized blockchains while maintaining interoperability with the main network.

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2. 06

   Ontology's mainnet launched in June 2018 with support for multiple virtual machines including the Ontology Virtual Machine and the Ethereum Virtual Machine for developer compatibility.

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3. 05

   Ontology's decentralized identity framework ONT ID has issued over 10 million digital identities since its launch, enabling self-sovereign identity management across its ecosystem.

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4. 04

   Ontology's cross-chain framework enables interoperability between different blockchains, allowing assets and data to transfer seamlessly across Bitcoin, Ethereum, and other major networks.

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5. 03

   Ontology's ONT token achieved a peak market capitalization of approximately 2.8 billion dollars in January 2018, making it one of the top 10 cryptocurrencies by that metric.

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6. 02

   Ontology's consensus mechanism employs a Byzantine Fault Tolerant algorithm called VBFT that can process thousands of transactions per second on its mainnet.

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7. 01

   Founded in 2017, Ontology is a blockchain platform developed by Chinese tech company OnChain that uses a dual-token system with ONT and ONG tokens.

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