Ontology is a high-performance public blockchain and decentralized collaboration platform. Ontology's unique infrastructure has been designed in Asia with by a global team. The infrastructure supports robust cross-chain collaboration, layer 2 scalability, and features a decentralized identity (DID) and data sharing protocol. Together, they enhance the speed, security, and trust that are the building blocks for enhanced global collaboration between enterprises. These characteristics are especially important for future global collaboration with on-chain and off-chain scenarios. Currently, there are approximately 2,000,000 Ontology community supporters.
-Features of Ontology
Ontology provides the tools and development environment to develop decentralized applications by freely customizing the public blockchain according to individual requirements. It also provides tools and development environments that enable the development of decentralized applications. Not only decentralized applications, but also the blockchain itself can be customized.
Speeding up remittance time by introducing a unique approval algorithm "VBFT
-VBFT is a new algorithm that combines PoS, VRF (Verified Random Function) and BFT (Byzantine False Tolerance Algorithm).
-With the introduction of VBFT, a transfer that takes nearly 10 minutes with Bitcoin can be completed in just one second. In fact, there is a track record of executing 5341 transactions in one second.