What is Ontology (ONT)?
The Ontology Network is an open source blockchain that provides a suite of decentralized protocols to solve issues related to identity security and data integrity. The Ontology Coin (ONT) is the cryptocurrency that powers Ontology.
The Ontology coin (ONT) is used for governance of the Ontology platform and staking to receive ONG (gas tokens).
Ontology protocols include a decentralized identity framework (ONT ID), and a distributed data exchange & collaboration framework (DDXF).
The Data Marketplace (SAGA) is a decentralized data marketplace for users to securely monetize & acquire data using a decentralized identifier (DID).
With Data Attestation, data can be stored on the blockchain, providing enterprises with a low cost storage solution that doesn’t compromise data privacy.
Digital FInance – With blockchain technology (such as stablecoins, payment networks & crypto-backed cards), Ontology companies can easily move into the banking & financial sector.
WEBSITE: https://ont.io/
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