Ontology Crypto Review – a next-generation multi-chain platform

Ontology Crypto Review – a next-generation multi-chain platform

With significant advancements over the last few years in cryptography and decentralized protocols, a new wave of platforms has emerged as potential improvements over existing systems. Ontology serves as a profound opportunity to capitalize on these developments as a platform that can scale effectively and help advance the trustless and decentralized nature of the Internet.

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Ontology is a blockchain/distributed ledger network which combines a distributed identity system, distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.

Ontology Crypto Review – a next-generation multi-chain platform

Ontology is a next-generation, public, multi-chain platform that aims to provide a single, decentralized trust ecosystem through utilizing a decoupled distributed ledger architecture, combined with a decentralized trust framework. By implementing a series of protocol standards and decentralized management modules, Ontology creates an open and standardized platform that supports a multitude of industries and connects them to blockchain-based services through an interactive and collaborative environment.

Ontology was created by the Chinese company Onchain in 2017 and has a close association and planned interoperability with the NEO platform. The platform encourages technical community proposals, suggestions, and research to help improve and maintain the platform.