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What is Ontology all about
Ontology has looked to provide an enterprise grade blockchain solution which provides secure and unique client chains, designed to protect data and systems for its customers. The platform is considered a 'private room' in a public blockchain, with the aim of bringing the distributed ledger to big business in usable form.
Ontology is looking to improve the current enterprise blockchain offering which is quite limited and one-sided. Ontology is not a single blockchain, but actually a network of blockchains. In this fashion, it operates like a cloud storage network - similar to Amazon Web Services. A lot of governments and organizations store data on AWS, but it's only accessible to those entities.
The AWS "cloud" is a network of servers hosting databases and folders, with each having its own permissions and this is the idea with Ontology. Because blockchain deals a lot with data and storage, as well as privacy, there is scope for these permissions to be more controlled and usable.
Ontology also has its own dual-currency system. Ontology Coin (ONT) is used as the staking tool, and the time and cost of staking and operating costs of the nodes are considered to be inputs. Ontology Gas (ONG) is used as a value-anchoring toll mechanism for on-chain applications and is used to facilitate on-chain transactions.
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ONT Questions & Answers
How much is Ontology worth today?
Currently, the price of Ontology is at 0.68 Euro.
What was the price of Ontology at its highest?
The highest price of Ontology was registered on 2018-05-03, when it was at 9.12 Euro.
What is the price of Ontology going to be 30 days from now?
Using our price prediction algorithm we expect, that Ontology's value is likely going to be between €0.38 and €1.00 30 days from now.
How much will Ontology cost 90 days from now?
Using our price prediction we suspect that Ontology's cost will reach between €0.38 and €1.38 in 3 months.
Is Ontology going to cost more half year from now?
Long term forecast is very difficult, however in accordance with our prediction we estimate Ontology's cost is likely going to reach between €0.38 and €1.48 in six months.
Does Ontology have a large following on social media?
20995 people were participating in discussing Ontology on Reddit in the last 48 hours. Ontology's official Twitter profile is currently followed by 0 people.