What is Ontology (ONT)?

Deep Dive

1. Core Purpose: Trust Infrastructure for Web3

Ontology solves the trust deficit in digital interactions by offering decentralized identity (ONT ID) and data-sharing protocols. These allow users to control credentials without relying on centralized authorities – critical for applications like KYC-compliant DeFi, healthcare data exchange, and AI training with auditable data provenance.

2. Technical Architecture

The network uses a VBFT consensus – a hybrid of Proof-of-Stake, Byzantine Fault Tolerance, and verifiable random functions. This enables 4,000+ TPS with 1-15 second finality while maintaining decentralization. Its Ethereum Virtual Machine (EVM) compatibility lets developers port Ethereum dApps while benefiting from Ontology’s identity primitives.

3. Tokenomics & Governance

• ONT (1B max supply): Used for staking, node operation, and voting on upgrades
• ONG (Utility token): Pays for network operations, algorithmically released as ONT is staked
  The system avoids inflation by burning 10% of ONG fees (Ontology docs).

Conclusion

Ontology positions itself as the trust layer for Web3, bridging regulatory needs with blockchain’s permissionless ethos through its identity tools and enterprise-ready infrastructure. As digital authenticity becomes paramount in AI-driven markets, can its solutions become the standard for verifiable online interactions?