Article Summary, Automatically Generated By AI
Summary of Ontology Gas
- Ontology is a high-performance, open-source blockchain for digital identity and data.
-
Features:
- Robust cross-chain collaboration and Layer 2 scalability
- Decentralized identity and data sharing protocols
- ONT ID: mobile digital ID application and DID
- DDXF: decentralized data exchange and collaboration framework
-
Dual-token model:
- ONT: staking tool, time, cost of staking, and operating costs of nodes
- ONG: value-anchoring tool for on-chain applications and transactions
Introducing Ontology Gas: The Fuel for a Seamless ONT Ecosystem
Ontology is a high-performance, open-source blockchain platform that specializes in digital identity and data, boasting exceptional speed and efficiency.
Ontology’s infrastructure facilitates seamless cross-chain collaboration and Layer 2 scalability, empowering businesses to craft bespoke blockchain solutions tailored to their unique requirements.
By leveraging a comprehensive suite of decentralized identity and data sharing protocols, Ontology optimizes speed, security, and trust. Notable features include ONT ID, a mobile digital ID application and decentralized identifier (DID) that permeates the ecosystem, as well as DDXF, a decentralized data exchange and collaboration framework that facilitates seamless interactions.
Ontology employs a dual-token paradigm, featuring both ONT and ONG as utility tokens. By decoupling ONT and ONG, Ontology mitigates the risk of volatile fluctuations in the native “asset” value, thereby stabilizing the gas fee.
ONT serves as a staking utility, with the time, cost of staking, and operational expenditures of nodes being factored in as inputs. Meanwhile, ONG functions as a value-anchoring mechanism for on-chain applications, facilitating transactions within the blockchain ecosystem.