Ontology ont

Ontology is a public blockchain designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. Its network provides a platform for smart contract creation and decentralized application deployment. Ontology focuses on facilitating self-sovereign identification (ID) and data management. Ontology features a two-token system. Holders of ONT tokens can contribute to the network's security mechanism and participate in governance decisions. At the same time, ONG is used to pay transaction fees

Created in 2017 by the Onchain, Ontology was launched by Erik Zhang, Jun Li, and Da Hongwei. The NEO community played a crucial role in raising awareness and increasing the adoption of Ontology. This was achieved by airdropping ONT tokens to NEO token holders upon release

The main reasons to invest in Ontology include:- - Ontology offers more flexibility for enterprises, allowing them to create customized blockchains to fit their specific needs in terms of features like governance and enhanced privacy and functionality. -Allows businesses to build their own blockchain on top of the Ontology blockchain. - The ONT chain also helps negate transaction network fees by generating and distributing free Ontology Gas (ONG) to ONT holders based on their holdings