Ontology (ONT) Price Index

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ONT

Overview

Ontology is a blockchain project that helps the Web3 industry build solutions. It is responsible for several products, including a public mainnet blockchain called the Ontology blockchain, or Ontology network. The Ontology blockchain has two main assets: ONT and ONG. While commonly used, the terms Ontology coins and ONT token are not technically accurate, as ONT is a coin while ONG is a token.

What is Ontology (ONT)?

Ontology is the overarching name for a crypto/blockchain/Web3 project that spans multiple products, including the mainnet Ontology blockchain on which decentralized applications (DApps) can be constructed. The Ontology network is an Ethereum Virtual Machine (EVM)-compatible blockchain that uses multiple technologies within its consensus mechanism, such as proof-of-stake (PoS) and Byzantine fault tolerance. The blockchain touts a six-second block time.

Among the many other solutions under its project brand, Ontology also has ONT ID and OWN, which stands for Ontology Web3 Network. ONT ID is a decentralized digital identity framework available on the Ontology mainnet alongside other blockchains. OWN provides a package of blockchain structures to help developers with application construction, giving them a head start rather than having to build from the ground up. The Ontology project, as a whole, aims for interoperability across multiple blockchains. Ontology also houses multiple components under its Ontology Trust Ecosystem umbrella, such as its block explorer.

Ontology (ONT) price

ONT and ONG are the two main assets related to the Ontology project. The ONT crypto asset is the Ontology blockchain’s governance coin, while ONG is used for fee payments on the network. The Ontology price today most directly refers to the price of ONT, which can be priced against U.S. dollars (USD). The top of the page includes an ONT to USD live price, the ONT marketcap, the ONT total supply (which differs from the ONT circulating supply) and more. Sitting below that is an ONT price chart.

Ontology Price News